As you will no doubt know, the tax return deadline is now approaching – January 31st 2020. We hope to have received all the relevant information from our clients by now. This is to complete their tax return on time, but if you have not… Read More »The tax return deadline approaches…
At this time of year, we see lots of people looking to take out dividends. Due to this festive rush, we thought it might be interesting to outline how the process works at GA. Below we have outlined how the process works internally. If you… Read More »Dividends at Christmas
IR35 Changes – How to Prepare The first point to remember about IR35 is that the definition of ‘status’ in the tax world has subjective elements. Therefore, there not a 100% definitive list of requirements that define a contractor’s status as being ‘inside’ or ‘outside’… Read More »IR35 Changes – How to Prepare
Taking advantage of the Marriage Allowance could reduce your 2019/2020 tax bill by up to £250 this year. The government introduced the Marriage Allowance scheme in 2013 to give married couples and civil partners income tax relief. It enables them to reduce their 2019/2020 tax… Read More »Marriage Allowance
What are payments on account, why do you have them and can you reduce them? Whether you are completing your first ever tax return or you have been completing them for years – a lot of people find themselves completely caught out by HMRC’s policy… Read More »Payments on account and can they be reduced?
What impact will earning over £100,000 have on your Personal Allowance? The Loss of personal allowance due to the level of income breaching the £100,000 threshold is an issue that is a double edged sword from a taxpayer’s point of view. There are a few… Read More »Loss of Personal Allowance
Have you Optimised your Tax Planning for this Tax year? Before the end of every Tax year on the 5th April, it is important to ensure that you have drawn money from your Company, whether it be by salary, pension or Dividend, in a tax… Read More »Tax Planning as a Standard Service
