Year ended 5 April 2023 will be the transitional year for when the new basis periods come into effect from 2023. More than 12 months of profits could be taxable in 2022/23 if you do not have a 31 March or 5 April year end. If you are a sole trader or partnership, consider what
Income Tax – Change to Basis Periods Read More »
Self-assessment taxpayers are wary of receiving letters about random checks to their tax status. I don’t think this will be any surprise to anyone other than HMRC. But this is what recent research by HMRC has found. Some respondents questioned the clarity of the communications, with some questioning what the next steps were, as this
HMRC Survey Results Read More »
When anyone expects me to listen to them and do something on the computer, I always point out that I do not multitask. I cannot listen and do. You decide which one is most important to you, but if I am typing I will either not take in what you are telling me or, if
Can you Multitask? Read More »
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