More tax rises on Wednesday?
October 2021 Edition #8
Self-Assessment: Paper submission deadline looming!
October 2021 Edition #7
The best way to predict the future is to create it
October 2021 Edition #6
Fuel Pump Crisis and the looming “Challenging” winter
October 2021 Edition #5
Timetable for import controls
September 2021 Edition #4
UK Autumn and Winter Covid-19 Plan
September 2021 Edition #3
Health and Social Care Levy
September 2021 Edition #2
Latest UK economic figures
September 2021 Edition #1
Calculating Taxable Profits Using the Cash Basis
Under the cash basis, small businesses are taxed on the basis of the cash that passes through their books, rather than being asked to spend their time doing calculations designed for big businesses. For 2018/19 onwards the annual turnover limit below which a business can use the cash basis is £150,000. The exit threshold above…
Making the Most of Pension Tax Allowances
Pension savings can be tax efficient as contributions to registered pension schemes, attracting tax relief up to certain limits. Limit on tax relief Tax relief is available on private pension contributions to the greater of 100% of earnings and £3,600. This is subject to the annual allowance cap. Tax relief may be given automatically where…