What is a Balance Sheet
I would say that nowadays most business owners understand and regularly review their Profit and Loss accounts. However, how many on a quarterly basis review their Balance Sheet, or even fully understand the data! So, what is a Balance Sheet? This is a snapshot of the financial position of a business. In a specific period,… Continue reading→
When should I file my Self-Assessment Tax Return
By now, all those who have to file an annual self-assessment tax return should be aware that the last filing date and payment date is the 31st of January following the tax year. So, the SA Tax return for tax year 2023/2024 is due by 31st January 2025. HMRC have a list of all the deadlines… Continue reading→
Marriage Allowance- is it worth claiming?
The Marriage Allowance was introduced in the 2015-16 tax year to enable spouses and civil partners to transfer part of their income tax personal allowance if they are not earning up to the threshold. This is different to the Married Couples Allowance (MCA) which only benefits couples if one of them was born before 6th… Continue reading→