Registering For Self-assessment
We are now a month and a half into a new tax year. If you have completed a tax return in previous years, then you are likely to have already received a notice from HMRC to file a return for…
HIP SOCIAL
As a local newspaper, we like to think of ourselves as part of the community. We cover local events, review local authors and provide reasonably priced advertising space for local businesses. Wishing to engage with our readership, our editorial meetings…
Tax Codes
I have employment income and I was expecting my tax code to go up. Instead it has gone down and I am now paying more in tax. Why is this? Tax codes are part of the PAYE system. Their purpose…
HIP And The 1066 Card Team Up
In 2014, Chris Beveridge had an idea. He had seen how many big chains offered loyalty cards to customers, with enticing offers attached to encourage people to shop with them. Realising that local businesses could not offer such a scheme…
Mortgage Evidence For The Self Employed
Whether you are looking to remortgage your existing property or get a loan for your first home, lenders are likely to want proof of your income. For those in regular employment this is a simple matter of providing copies of…
Recovering Lost Bank Accounts
You would think that the one thing people would always keep track of is where their money is located. This does not stop many bank and building society accounts becoming dormant every year. These are most often savings accounts, with…
Tax Back On Donations
If you have funds to spare, then donating to charity is a noble way of using those funds. For most people, supporting a worthy cause should be enough. However, if you have a high enough level of income to suffer…
Tax Question and Answer
I’m planning to buy some new equipment for my business. Can I claim the cost for tax? As a general rule, if an expense is incurred for business purposes then it can be deducted from income to reduce the taxable…
Electric Cars
Caring for the environment has become an ever more important issue for businesses in recent years. Showing green credentials can be a great advertising point whereas failing to address environmental issues can lose customers ; For similar reasons, the government…
Keeping Records for Making Tax Digital
From 1st April 2019, VAT registered businesses with turnover over the registration threshold (currently £85,000) will be required to submit their information under the Making Tax Digital (MTD) regime. This will require you to keep records digitally and submit them…