Frozen tax thresholds are catching out pensioners – Here’s how to plan around them
A quiet but significant shift has taken place in how pensioners are taxed. In the 2021/22 tax year, only 494,000 pensioners paid income tax at 40 per cent or above.
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HMRC reveals the amount of tax paid by crypto investors: Do you know what you should pay?
HMRC has issued more than 65,000 warning letters to cryptocurrency investors over the past year amid concerns that some may have underpaid tax.
Hope for the future or just a gimmick – How did the Great British Summer Savings scheme impact businesses?
As steady rainfall washes away memories of the blazing summer sun, it is clear that the seasons are changing.
Failed to notify HMRC of a potential tax? What happens next?
It’s not uncommon for business shares to be put in your name years ago by a parent or spouse, but did you realise selling your stake can trigger Capital Gains…
Should I set up my side hustle as a sole trader or limited company?
With many individuals starting a ‘side hustle’ to boost their income, setting up as a sole trader or limited company is the first main decision.
Why is mixing personal and business finances a bad idea?
It is normal for some business and personal spending to overlap, but problems can arise if the lines become too blurred.