The Accountancy and Tax Service for Small Businesses | TaxAssist ...
TaxAssist Accountants provide tax accountancy services and advice for small businesses in the UK. For year end accounts, bookkeeping, tax return services, VAT and payroll services contact Us on 0800 0523 555
Our Guide to Understanding P60s - TaxAssist
Oct 4, 2023 · A P60 is important as it proves the income tax you have paid on your employment or pension. You can use it as evidence to third parties who may ask to see it. Our guide will explain your P60, including what it includes and what to do if it is incorrect.
Guide to corporation tax for limited companies - TaxAssist
Mar 28, 2022 · If you are running a limited company, you are subject to corporation tax. The rules can be complicated so it’s important to understand them to avoid a penalty. Discover everything you need to know, from corporation tax rates to deadlines, in our ultimate guide.
What you need to know about associated companies
Jan 17, 2024 · If a company is associated with one or more companies, the profit bands for determining which corporation tax rate is applicable, and the upper profit limited used in the marginal relief calculation are apportioned by dividing them by the number of associated companies.. Example . For a company whose profits are £80,000, marginal relief would apply and their corporation tax liability is found ...
Employment Allowance – What is it and are you eligible? - TaxAssist
Jun 11, 2024 · Catherine Heinen, FCCA. Catherine is a Technical Content Writer at TaxAssist Accountants, and a qualified accountant. With experience working at two accountancy practices in the UK top 50 accountancy firms according to Accountancy Age, Catherine has significant experience in accounts, tax returns and advising clients.
Understanding Capital Gains Tax for individuals
Jul 15, 2024 · To understanding which assets are subject to Capital Gains Tax (CGT), when a tax liability may arise, and how to report gains read this guide.. By understanding and utilising the available resources and professional advice, you can manage your CGT obligations effectively and minimise your tax liability.
The tax benefits of electric vehicles - TaxAssist
Feb 19, 2021 · The percentage for fully electric cars (0g/km) will increase to 4% in 2026/27 and 5% in 2027/28. Electric vans. In April 2021, they reduced the taxable benefit for having the private use of a zero-emission van to zero.
Understanding cash basis accounting: A simple guide
May 29, 2024 · As a business owner, choosing the right accounting method is crucial for managing your finances effectively. Cash basis accounting is a popular choice among SMEs in the UK, offering a simplified approach to bookkeeping and tax reporting.
What your accountant needs to file your tax return - TaxAssist
Dec 17, 2019 · The records you provide to your accountant ahead of the self-assessment tax return deadline may change each year. Our guide explains what they will need to file your tax return.
Self-Assessment Tax Returns Self-Assessment Tax Returns - TaxAssist
Our Self-assessment Tax Return services. Tax return preparation: Using HM Revenue & Customs-approved software, we meticulously complete your self-assessment tax return, ensuring every detail is accurate.. Accurate tax calculation: We calculate your tax liability, providing you with a clear understanding of what you owe, why and when.. Payment reminders: We liaise with you regarding the amounts ...