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What do I need to do about my taxes if I’m buying and selling cryptocurrency?

What do I need to do about my taxes if I’m buying and selling cryptocurrency?

by Georgi Rollings | 19th July 2021 | Corporation tax, Self assessment, Tips and Tricks

Cryptocurrency is a relatively new thing compared to other income you’ll be paying taxes on as a business owner or employee. Because of its comparative newness, there isn’t a huge amount of understanding out there as to how to manage the tax impact.  HMRC states that...
Why you need a Government Gateway account and how to set one up

Why you need a Government Gateway account and how to set one up

by Andrea Thomas | 12th July 2021 | Limited company, Self assessment, Sole trader, Start ups, VAT

The Government Gateway is a central place where you can register to use online Government services. The User ID and password you receive as part of the sign-up process will enable you access many of HMRC’s digital services including your personal tax account. As best...
Should I file my tax return early?

Should I file my tax return early?

by Jo Wormald | 17th May 2021 | Landlords, Self assessment, Sole trader, Tips and Tricks

Putting aside all the guilt connotations of the word “should” – and the fact that as accountants we are bound to say YES – there are a lot of good reasons to file your tax return early. Its human nature to let things you don’t like get...
March 2021 Tax Day Announcements

March 2021 Tax Day Announcements

by Juliet Wylie | 18th April 2021 | Corporation tax, Self assessment, Tips and Tricks

We all heard the announcements made in the 2021 Budget on 3 March 2021. But did you know that HM Treasury published more than 30 tax policy announcements and documents? These Tax Day announcements were made less than 3 weeks later. No changes will be implemented in...
More business support announced in the Budget

More business support announced in the Budget

by Georgi Rollings | 4th March 2021 | Corporation tax, VAT

The Budget yesterday was the first since the start of the Coronavirus pandemic and following the end of the transition period arrangement between the EU and the UK. We were happy to see that there is still significant support out there for businesses that have been...
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