News and Articles on Tax Planning tag

Are You Declaring All Of Your Earnings To HMRC? Outside of regular income, you may earn an additional sum that has gone undeclared to HMRC. Usually, this is a genuine mistake as you may not have been aware that you were required to do so. However, HMRC isn’t always so understanding and can penalise you for not disclosing your full Article Author: Amanda Swales Comments Read More
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What is a second payment on account and how is it calculated? For the uninitiated, you may be wondering what a ‘second payment on account’ is. If you’re a freelancer or have any earnings outside of PAYE, you may need to make two advance payments on account towards your current year’s tax bill. As most of you will be aware, the Article Author: Amanda Swales Comments Read More
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Beginners guide to business tax deduction Every business owner wants to save tax, which is why you should set aside time to fully investigate the many possibilities for your own contracting business. If you’re a beginner to the world of contracting, you may be missing out on opportunities to slash your tax bill. When you&rsq Article Author: Brendan Beeken Comments Read More
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