by Sian Roger | Jul 4, 2024 | Local Business, Tax
How do Tax Payments on Account work? If you are self-employed, a partner in a business, have property income or other income not taxed at source, then your income is taxed under self- assessment. When you pay your tax and how it is calculated can sometimes be...
by Sian Roger | Mar 13, 2024 | Accounting, Tax
What is Basis Period Reform and does it affect me? HMRC are bringing in new rules, called Basis Period Reform, from April 2024 that will see all unincorporated businesses taxed on their profits for the full tax year, that is April to March. HMRC have been upgrading...
by Sian Roger | Oct 11, 2023 | Tax
Buying a car or vehicle through your limited company can be a bit of a minefield and is one of the most common topics we receive questions on. These “mines” are created because there is so much choice in terms of financing, vehicle types and values, as well as what...
by Sian Roger | Sep 4, 2023 | Accounting, Tax
In the intricate landscape of personal finance and retirement planning, it’s easy to overlook certain aspects that could significantly influence your financial future. The importance of Class 2 National Insurance Contributions (NIC) is one element that often...
by Sian Roger | Aug 10, 2023 | Tax, Uncategorised
Are you a small limited company owner looking to broden your understanding of tax deductions for limited companies? You’re in the right place! As a local family-run accounting firm, we understand the unique challenges and opportunities that small limited...
by Sian Roger | Jul 12, 2023 | Accounting, Tax
Is your personal tax return giving you a headache? The BAS Associates team are here to simplify the personal tax return process and provide expert solutions for hassle-free filing. Our team of experienced professionals understands the complexities of tax laws and...