Those filing tax returns are urged to be on the lookout for scam texts, emails and phone calls from fraudsters. This warning comes as HM Revenue and Customs (HMRC) received more than 130,000 reports about tax scams in the 12 months to September 2023, of which 58,000 were offering fake tax rebates.
When you start out as self employed, the tax system can be confusing to navigate. This introduction will give you an overview of what you can expect with regards to tax deadlines and responsibilities.
Join us at 10am on 24 November, for a live seminar with Sussex Beds CEO Steve Pickering. Come and learn how Steve and his family successfully turned around a failing business and pick up some tips on how you might be able to make significant positive change in your organisation. Our new partner Joanna Green will also be there to meet and greet clients old and new. Coffee and pastries will be served on arrival.
For freelancers and contractors in the UK, tax efficiency is a crucial aspect of managing finances. Unlike traditional employees, self employed individuals are responsible for dealing with their own tax affairs, which means they need to find ways to reduce their tax liability while staying within the boundaries of tax law. In this post, we’ll explore essential strategies that can help freelancers and contractors maximise their tax efficiency.
In the United Kingdom, inheritance tax (IHT) is a topic that often concerns individuals and families. It’s the tax levied on the estate of a deceased person and it can significantly reduce the what you pass on to your loved ones. However, there are strategies and measures you can take to protect your family’s wealth from excessive IHT. In this article, we’ll explore key considerations and steps to safeguard your assets and reduce the burden of inheritance tax.
The deadline for making voluntary NI contributions for the period from April 2006 up to April 2017, was originally 5 April 2023. In March 2023, HMRC extended the deadline to 31 July 2023. Taxpayers now have until 5 April 2025 to fill gaps in their NI record from April 2006, an extension of nearly two years.
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