by Megan Wellman | Jan 25, 2022 | Accounting, Business, Coronavirus, Finance, Taxes
Do you have to report Covid-19 Support Payments on your tax return? If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. If you are an employee and you were furloughed...
by Megan Wellman | Dec 30, 2021 | Accounting, Business, Careers, Finance, Investments, JDA News
What is meant by taking ‘reasonable care’ in a tax return? All taxpayers have a responsibility to complete their tax returns correctly, to the best of their ability. However, inevitably, mistakes occur which may not be the taxpayer’s fault; other...
by Jon Davies | Jan 21, 2021 | Taxes
Every year, I genuinely look forward to HMRC’s list of worst excuses for late tax returns.Who can forget “I have vertigo and my ex-wife left the tax return upstairs so I can’t get it”. Or “My mother-in-law is a witch and put a curse on...
by Jon Davies | Jan 14, 2021 | National Insurance, Taxes
What is every accountant’s favourite date? 31 January.And why? Because it’s the deadline for Self-Assessment Tax Returns.Anyone who submits their personal tax return late is fined. But you can also be fined for submitting an incorrect tax return.Usually, HMRC...
by Charlie Clayton | Sep 18, 2020 | Accounting, Taxes
2020 was the year that none of us expected. With Coronavirus, furlough, and lockdown you may forgotten all about your tax return for 2019/20. If you are one of the many that have forgotten, don’t worry – our guide will provide key advice for you to help you meet...
