2024 Tax Year End Planning

With the tax year ending 5 April 2024 fast approaching, please do check what tax planning action you might take:

Continue reading
  617 Hits

2023 Tax Year End Planning

Tax changes effective this April 2023...

With important tax changes taking place this April, see what action you might take:

Frozen Allowances

Inflation is a gift for the Chancellor when so many tax allowances have been reduced or frozen. As wages increase with inflation, more and more people will get caught by a 40%, 60% or 45% tax rate and many will have to repay child benefit when they didn’t before. 

In this environment, the real tax cost of earnings and profits will increase as time goes on. For example, if you’re planning to refurbish your buy-to-let you might save more real income tax by delaying the refurbishment.

Continue reading
  3447 Hits

2022 - Top 8 Tax Queries

 

Having a look back at the most common tax areas applicable to our SMEs in 2022. Which of these applied to you and did you get an acceptable result?

Continue reading
  2957 Hits

Frozen! Temperatures, Allowances & Growth

As well as moving into winter with an energy crisis, it's not just the temperature which is freezing. The Chancellor today froze (and reduced) many allowances, going cold on small business growth. 

Continue reading
  3326 Hits

Registered

On The Spot Tax Limited

Trading as On The Spot
Registered in England & Wales under company number 06566196
VAT number 937 5293 90