National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the number of qualifying years of National Insurance contributions which can increase the amount of benefits a person is entitled to, such as the State Pension. This could happen if someone was: employed…
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Tax Diary March/April 2023
1 March 2023 - Due date for Corporation Tax due for the year ended 31 May 2022. 2 March 2023 – Self-Assessment tax for 2021-22 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2023, or an agreement has been reached with HMRC under their time to pay…
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Marriage Allowance – are you benefiting?
If you’re married or in a civil partnership, you could be one of the 2.1 million couples currently benefiting from Marriage Allowance. Understanding Marriage Allowance It is a tax benefit that is available to married couples and civil partners in the UK. The allowance allows for a portion of one partner's unused personal allowance to…
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Running a business from home? Don\’t forget to claim
Running your own business can incur a number of costs, not least renting premises. But if you are a sole trader you may prefer to work from home. It’s convenient, there’s no commute and you’re on hand if extra childcare is needed. Plus, there is the bonus of saving costs. But did you know there…
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