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How do Tax Payments on Account work? If you are self-employed, a partner in a business, have property income or other income not taxed at source, then your income is taxed under self- assessment. When you pay your tax and how it is calculated can sometimes be...
When BAS Director and Accountant, Brett Smith was asked by a local publication to write about a typical day for him, we didn't expect dishwashers or Star Wars but we are pleased that accounts and saving clients' tax made it into his day... I can’t imagine the...
What is Basis Period Reform and does it affect me? HMRC are bringing in new rules, called Basis Period Reform, from April 2024 that will see all unincorporated businesses taxed on their profits for the full tax year, that is April to March. HMRC have been upgrading...
Written by Brett Smith, Director & Accountant at BAS. Isn’t Budget Day super exciting? For personal reasons, I had to work from home for a few hours on the day of the spring budget update. So, whilst working and eating my lunch I received panicked texts from...
Buying a car or vehicle through your limited company can be a bit of a minefield and is one of the most common topics we receive questions on. These “mines” are created because there is so much choice in terms of financing, vehicle types and values, as well as what...