Posted inAll things tax
Tax credits renewal alert!
It’s that time of year again, when the taxman is on the prowl. This time, it’s in relation to tax credits, to which HMRC is urging parents to renew their tax credits early and online.
Posted inAll things tax Children & Relationships
Do you know the penalty of missing a tax return deadline?
With the impending Self Assessment tax return deadline approaching, Heather Dore, Regional Manager of Easy Accountancy answers some crucial and commonly asked tax return questions from her clients who are self-employed or higher income parents.
My partner and I have two children and we both work full-time earning over £50,000 a year. We receive child benefit and so I understand that we need to complete a tax return. As we are both earning over the threshold do we both need to complete a tax return?
Posted inAll things tax
Tax Credits deadlines are looming – have you renewed?
HM Revenue and Customs (HMRC) is sending out 5.8 million tax credits renewals packs, so if you are in receipt of tax credits, look out for your renewal pack’s arrival by 30 June.
Last year some 650,000 claimants had their money stopped because they did not renew by the 31 July deadline, don’t get caught out. This year, you can renew by post and by phone. If there have been no changes to your circumstances (i.e. salary, relationship status etc), then you can also renew online, via GOV.UK.
What do new employee shareholder contracts mean for you?
From the beginning of September 2013, the government introduced new rules enabling employers to offer contracts allow workers to trade their employment rights in return for shares.
Posted inAll things tax
Just one month to go until tax credit renewal deadline!
If you claim tax credits, your renewal pack will hit your doormat anytime this week until June, ahead of the 31 July 2013 tax credit renewal deadline.
HMRC is urging people to let them know about any changes to their circumstances that they haven’t already reported, such as changes to working hours, childcare costs or pay. Claimants may also be asked, to provide details of their income last year, so make sure you’ve got your P60 and payslips handy.
Free course for childminders from HM Revenue
Are you a childminder? Would you like help with understanding tax, National insurance and learn how to keep your financial records in order?
HM Revenue and Customs (HMRC) is offering self-employed childminders free online webinars to help with tax issues.
You can watch and participate in the live webinars from you laptop or mobile phone (if it’s a smartphone).
Posted inA mix All things tax
About automatic enrolment pensions: what you need to know if you employ staff
If you run a business in the UK you’ll likely to be aware of the term Now Pensions auto enrolment, as this is the main plank in the government’s controversial changes to workplace pension legislation, which is due to begin properly this year.
Are you a hairdresser or salon owner? Chair rentals will not be VAT exempt from Oct 1st
Hair salons are being reminded that renting chairs to a hairdresser will not be VAT exempt as of October 1st 2012 under measures announced by HM Revenue & Customs (HMRC).