tax return help in greater Manchester

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns will pass on 31st January 2022. If you think that you could miss the deadline, don’t worry; you may be given an extension up to 28th February 2022 to submit your tax return online, speak to us directly if you are worried that you won’t make the deadline…

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Male hand holding a check and using a calculator when filling out an individual. Tax calculation

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns passed on 31 October 2021. If you missed it, don’t worry; you still have until 31 January 2022 to submit your tax return online. By this date, you must have submitted your return for the 2020/21 financial year and paid off any tax you still owe for the…

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uk tax on cryptoassets

Do you need to pay UK tax on cryptoassets?

The trading of cryptoassets has soared in the past couple of years, and the trend is set to continue. Despite their popularity, many are still unaware that tax rules exist for them, meaning they could face penalties further down the line. With this in mind, here’s what you need to know about paying UK tax…

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Business and Finance

How to submit a deferred VAT payment

On 20 March 2020, the Government announced that VAT payments could be deferred between that date and 30 June 2020, as part of measures to support businesses through the coronavirus pandemic. This deferment option was available to all VAT-registered businesses in the UK and was automatic, meaning it was not necessary to apply to HMRC. …

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Self Assessment Tax Deadline

31 January is the Self Assessment Tax Deadline

Last month, we reminded you about the 31 January deadline for filing Self Assessment tax returns and explained what you need to do. Now, with less than two weeks to go, it is essential you check with your tax advisor or accountant that your return has been filed correctly for the tax year that ended…

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tax return help Manchester

Remember to file your online tax return by the deadline

The deadline for filing paper tax returns passed on 31 October 2020. If you missed it, don’t worry; you still have until 31 January 2021 to submit your tax return online. By this date, you must have submitted your return for the 2019/20 financial year and paid off any tax you still owe for the…

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side hustle tax rules

Tax rules for ‘side hustles’

During the first lockdown, many people set up a side business, often called a ‘side hustle’, to supplement their income after seeing their main income streams dry up. This was largely due to fears over job security and some people having more time to invest in other pursuits whilst furloughed. However, many are unaware that…

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SME Accountants Manchester

Update to our Update: Coronavirus Government Business Support

On 5th November 2020, Chancellor Rishi Sunak announced changes to the government support packages for businesses that were previously extended on 12th October 2020. This means that businesses will receive additional support from the government to help them through the pandemic during the coming winter months. Coronavirus Job Retention Scheme (CJRS) The Chancellor has announced…

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tax advisors in irlam

Everything you need to know about this year’s tax changes

The government has lived up to its commitment to raising the lowest amount a person needs to earn before they start paying tax – along with several other important changes to the tax code. We’ve collected all of the information together that may affect anyone who is an independent contractor or owns a small business…

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business tax consultant

Tax & Other Changes Due in 2019

It is often difficult to keep up-to-date with changes in tax and wage related updates as they are often announced well in advance of them actually coming in to effect. Here is a summary of the major ones due in 2019 that we want to highlight to business owner’s and SME finance managers: The National…

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tax accountants manchester

Maxing Tax Digital – Who will pay?

The Economic Affairs Committee has warned the HMRC that small businesses in the UK ‘could pay a heavy price’ for Making Tax Digital for VAT (MTD for VAT). What is MTD for VAT? If you haven’t heard of it, you need to get up to speed quickly because as the ICAEW website reports: From April 2019,…

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