Self-Assessment Taxpayers Are Reminded to Submit 2022/2023 Paperwork and Records to SAS Accounting in Good Time
November 2, 2023
As we approach the winter period, many clients report increasingly busy trading environments as so many sectors gear up for the festive season and make preparations for holiday closures and heavy demand during the next few weeks.While there are often many priorities over the...
Basis Period Reforms Explained: All You Need to Know About Changes to Accounting Periods for Tax Declarations
October 23, 2023
From the 2023/24 tax year, HMRC has introduced changes to the reporting period requirements for partnerships and self-employed taxpayers. Your 'basis period' is the 12 months over which you prepare your accounts and submit details of your income and taxable profits to the ta...
What to Do if You Receive a ‘Nudge’ Letter From HMRC
August 17, 2023
Nudge letters are issued where HMRC has reason to believe an individual has undeclared taxable income, often because of information-sharing agreements that may indicate a revenue or gain occurring in another jurisdiction that does not marry with the declarations made.The imp...
In our latest round-up of HMRC tax audits and investigations, landlords have been under the spotlight, with the tax office examining data to try and identify potential instances of under-declared income or capital gains.
HMRC has been leveraging access to data and records ov...
Latest News on UK Tax Cuts, U-Turns and Support for Businesses
October 20, 2022
While we were expecting to wait patiently for 31st October to hear more detail about the government's plans for changes to tax regimes and allowances, the political world entered a further period of turmoil - culminating in several U-turns.
Reading the headlines and trying t...
Your April 2022 Tax Year-End Business Checklist
March 29, 2022
We've bumped and bounced our way to the end of another tax year - and getting ahead of your administration and accountancy tasks is a great way to start the new tax period as you mean to go on!
The SAS Accounting team is always on hand to help and appreciate that it can be a...
HMRC Announces Greater Flexibility in 2020/21 Tax Returns
January 6, 2022
While self-assessment tax returns for the 2020/21 tax year remain due by 31st January 2022, HMRC has announced a series of measures to try and relieve some of the strain on businesses, which continue to be impacted by the pandemic.
Although submission and payment due dates h...
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