by Admin | 20 Apr, 2023 | Business Support
One of the issues you will need to consider if you are starting a new business is the business structure. There are three commonly used forms to choose from, each with advantages and disadvantages. A sole trader – this is the simplest way of starting and...
by Admin | 20 Apr, 2023 | Pension
The new pension tax reforms that were announced in the recent Spring Budget took effect from 6 April 2023. The old £40,000 cap on annual pension contributions has been increased by 50% to £60,000, with effect from 6 April 2023. Tax relief for contributions...
by Admin | 20 Apr, 2023 | General
Scotland’s new First Minister Humza Yousaf has announced a new £15 million investment to help tackle child poverty. This investment will see thousands more low-income families benefit from free school age childcare. Existing services for eligible families...
by Admin | 20 Apr, 2023 | Income Tax
The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. If you are using this scheme, you should ensure that rents received from lodgers during the current tax year do no exceed £7,500. The tax exemption is...
by Admin | 18 Apr, 2023 | Tax Diary
1 May 2023 – Due date for corporation tax due for the year ended 30 July 2022. 19 May 2023 – PAYE and NIC deductions due for month ended 5 May 2023. (If you pay your tax electronically the due date is 22 May 2023). 19 May 2023 – Filing deadline for...
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