The deadline for paying self assessment tax for the 21/22 tax year was 31 January 2023. Interest is payable on any late payment but there’s also a whopping 5% surcharge due on any unpaid self assessment tax which is still unpaid at midnight on 2 March 2023. If you can’t Read more
The Financial Services Compensation Scheme (FSCS) is a government-backed scheme that protects consumers in the event that a financial institution fails. The limit of compensation per financial institution is £85,000 so, if you have more than this in one account, you need to look at spreading your investments across multiple Read more
If you do not submit your tax return on time or pay the tax you owe, there are several penalties, interest, and surcharges that you may be subject to. Penalties: If you file your tax return late, you will be charged a fixed penalty of £100. This penalty applies even Read more
We hope you all have a lovely Christmas and a Happy New Year. Thanks for all your support over the last 12 months. We’re not sending out Writer Tax Christmas Cards this year and have made a donation in support of The Trussell Trust.
Getting an pure electric car can have some great tax benefits if you run your own company. Here’s a quick summary Tax relief on the cost of the car If you buy a new electric car then you get the full cost of the car set against your profits in Read more
We were absolutely delighted to pick up the awards for New Firm of the Year and Specialist Team of the year at this year’s prestigious Accounting Excellence Awards in London. We’re only a really small firm so we really didn’t expected to win against such strong competition.
Writers Tax is two years old today. The time has just flown by. And to add the icing on the cake we’ve been announced as 2022 finalists in the prestigious Accounting Excellence Awards in not one but two categories. We’ll finalists for the New Firm of the Year and the Read more
We’re delighted that Writers Tax has been awarded the Cyber Essentials Certification. Cyber Essentials is a Government backed scheme aimed at protecting against the vast majority of cyber attacks. The certification process has reviewed how we protect our data using firewalls, multi factor authentication, anti virus software, system updates and Read more
In association with our friends at Continuum (Financial Services) LLP we’ve put together a few tips for you to think about before the tax year end on 5 April 2022. If you’ve any queries or are interested in an introduction to Stuart then don’t hesitate to get in touch. You Read more
We’re delighted to have been asked to write an article for the 11,000 members of the Society of Authors in the Winter edition of The Author magazine. We’ve covered: The new Health & Social Care Levy The increase in corporation tax Companies and copyright The ‘super deduction’ Creative averaging Making Read more