Tips

This category contains 7 posts

Subscriptions and Tax

Paying subs and deducting them as expenses because membership is work-related? If the organisation is not on the HMRC Approved List, your subs may not be tax-deductible.

Late Self Assessment Notes

Clients who normally submit paper returns may be penalised if they miss the October deadline even if they make on online return before 31 January. Late payment penalties equal to 5% of the unpaid tax after 30 days, six months and then twelve months. Interest is also due on all tax paid late. This was … Continue reading

Expected Rate Cut 

BOE interest rate cut is expected anytime soon in order to ward off a recession. If it happens, it’ll be a good time to get or renegotiate a property mortgage on fixed rate. It’s also a good time to shop around for a personal loan as they are on fixed terms. Don’t be tempted by … Continue reading

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