What is the green tax break?

The green tax break. Why going electric in your company? Car is a smart move. So are you tired of high tax bills on your company car? It’s time to go electric. In today’s society, the tax system is used not only to raise revenue, but also to encourage certain behaviors and discourage others. ….

Office of tax simplification

So, have you heard of the fantastically named Office of Tax Simplification? It’s released this review on residential property income in the uk and I’m here to break it down for you. So according to HMRC data, nearly 25% of all tax returns had a portion of property income. The OTs conducted a review and…

What is the difference between ordinary, preference and deferred shares?

So running a limited company is all about making smart decisions. When it comes to shares. There’s more than one type to choose from. So there’s ordinary shares which everyone knows about, and that gives you a say in the company’s decisions and share the profits and so on. Also, preference shares, uh, and then…

“Diabolical HMRC service hurts economy – Accountants” ICAEW are not happy!

So, I don’t know about you, but I really hate it when people moan. They just moan all the time and nothing ever gets resolved. They just, but sometimes it is really important to point out things that are going wrong. And today I was just looking at the BBC News website and I noticed…

Are you familiar with the HMRC PAYE Tax Codes? Here is what you need to know!

So a lot of people don’t really understand what the HMRC PAYE codes mean with weird letters and numbers. So here I’m gonna just discuss the components of them. Every person in the UK who receives income through employment or PAYE is taxed based on their tax code initially, which is assigned by HMRC to…

Do not give the HMRC a red flag to investigate you – play safe!

Do not give the HMRC a red flag to investigate you – play safe!

It’s absolutely essential to be aware of the common triggers that can prompt an HMRC investigation. These investigations can waste a lot of your time, incur a lot of cost in getting someone to help you, and can also lead to a substantial penalty. So it is very important to know these 5 triggers and…

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