Fair Accountants·5h agoPay Self Assessment Through Your Tax Code: The £3,000 Rule and the 30 December DeadlineMost people with a job and a side hustle brace for one big bill every January. Few know that HMRC can take that bill from their salary in…
Fair Accountants·6d agoMaking Tax Digital Quarterly Updates Are Not Tax Payments: The Cash Myth ExplainedThe next Making Tax Digital quarterly update is due on 7 November. A surprising number of sole traders and landlords think that date is…
Fair Accountants·Oct 27Selling on Vinted, eBay or Depop? When a Side Hustle Becomes Self-EmploymentVinted, eBay and Depop now send details of their busiest sellers to HMRC every year. That sentence alone has caused a lot of worry. But…
Fair Accountants·Oct 27First Year Self Employed? Why Your January Tax Bill Is Bigger Than You ExpectYour first Self Assessment bill is not just what you owe. It is what you owe, plus a deposit on next year’s tax. For many new sole traders…
Fair Accountants·Oct 23Overdrawn Director’s Loan Account: The Tax Bill Nobody Warns You AboutMost company directors do not plan an overdrawn director’s loan account. It builds up quietly: a personal bill paid from the business…
Fair Accountants·Oct 22Sole Trader or Limited Company for a Side Business on a £62k Salary?Someone on a UK business forum recently described a very common set-up: a £62,000 salary, plus a side business making £10,000 to £15,000 a…
Fair Accountants·Oct 21Closing a Limited Company With Debts: What Happens to You as the Director?Many directors type the same question into Google: can I close my company if it still owes money? The hopeful version of the answer is that…
Andulile, CPA, MAF·Oct 20Keeping Up with Changing Regulations and Tax Laws is a challenge for AccountantsWhy staying current matters more than ever for accountantsA response icon6A response icon6
Andulile, CPA, MAF·Oct 19Ethical Dilemmas in the Accounting ProfessionNote that, “Ethical dilemmas maybe unavoidable, but unethical decisions are not inevitable”: See how simply you can overcome themA response icon3A response icon3
Fair Accountants·Oct 18R&D Tax Relief Claims Are Falling After HMRC’s New Forms.A company can do real research, spend real money on it, and still lose the whole R&D tax relief claim before anyone looks at the science…
