Esther Theobald

HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the taxpayer suffering additional tax, interest and penalties. Here are some common mistakes, and how to…

The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. An earlier deadline of 30 December 2024 applies if you owe £3,000 or less and wish to pay the tax that you owe through an…

Reasons not to take a dividend Many directors believe they have an absolute right to monies deposited in a company’s bank accounts. However, payment cannot just be withdrawn as there are set procedures to follow to be legally compliant. What is…

VAT records – What do you need to keep? If you are registered for VAT, you will need to keep normal business records. The records must be complete, up to date and sufficient to enable you to calculate the VAT…

Taxation of company cars in 2024/25 A taxable benefit arises where an employee has the private use of a company car. Unless the car is an electric car, a further benefit arises if the employer meets the cost of fuel…

The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to £88,000 from the same date. The changes to VAT thresholds change the trigger points for compulsory registration and optional deregistration.…

A Self Assessment Tax Return Guide Get ahead of the curve and begin collating the relevant records we need to be able to complete yourself assessment tax return for the tax year ending 6th April 2024.  The records we require will…

Many people earn small amounts of money from self-employment, often as a side hustle. For example, this may be from craft or baking activities, tuition or the provision of services, such as babysitting. If you earn money in this way,…

If you run your business as a personal or family company, you will need to extract your company profits in order to use them personally outside your company, for example, to meet your living expenses. There are various ways of…

Trusted partner, Adrian Berwick of AB HR Solutions, provides an overview of the latest changes to employment law. Whilst some of these changes are effective from April 2024, he also covers the changes we can expect to be introduced later…