by Stapletons | Jan 3, 2019 | Tax
It’s the New Year and time to make a difference: by not leaving your self-assessment tax return to the last minute. Last year, almost 1.3 million tax returns were submitted to HMRC on either 30 or 31 January 2018, while 4,852,744 returns were completed online...
by Stapletons | Dec 3, 2018 | Personal finances, Tax
Inheritance tax has been the subject of much conjecture, with overhauls suggested in the lead-up to almost every recent Budget. Various chancellors have so far resisted temptation to tinker with the inheritance tax system, although it seems likely the winds of change...
by Stapletons | Oct 3, 2018 | Tax
The number of tax returns submitted in 2016/17 hit a record high of 10.7 million. That figure’s set to rise for 2017/18 with more people going through self-assessment for the very first time. If you earned more than £1,000 outside of PAYE in 2017/18, received more...
by Stapletons | Sep 3, 2018 | Software, Tax
With autumn in the air, our team of accountants continue to help owners of VAT-registered businesses make the transition towards digital accounts. That’s because, subject to any further delay, all businesses with annual taxable turnover of more than £85,000 will need...
by Stapletons | Oct 3, 2017 | Accounting and bookkeeping, Tax
Self-assessment is the process HMRC uses to collect income tax outside of wages, pensions and savings. People and businesses with other income need to file a tax return each year. Income received during the financial year (between 5 April and 6 April) must be reported...
by Stapletons | Aug 3, 2017 | Tax, Running a business
Although we’ve yet to reach the year-end, it’s always good to plan ahead when it comes to managing your taxes. All companies are required to pay corporation tax on any profits made during their accounting period. The rate for company profits in 2017/18 is 19%. While...
