The Kala-Atkinson Article Hub

A guide to filing your confirmation statement

A Guide to Completing your Let Property Campaign Disclosure

What Making Tax Digital means to the Self Employed

Tax On Cryptocurrency and NFTs

HMRC TO WAIVE SELF ASSESSMENT PENALTIES IF NOT FILED BY 31 JANUARY DEADLINE

Tax Tips for Self Assessment Earners over 100,000

Claiming the work from home relief from HMRC

Rewarding your employees at Christmas Time

Using the correct references when paying HMRC

Our monthly tax and accounting round up for October 2021

Kala Atkinson Brief Round Up of September 2021

Rise in national insurance April 2022

Making Tax Digital for the self employed and landlords

Don't forget your 31 July 2021 payment on account

HMRC are auto correcting self assessment tax returns with SEISS Grants

Costs which are allowable for R&D claims

GETTING YOUR VAT RIGHT

Claiming back Pre Registration VAT

OUTLING OF THE DETAILS OF THE TAX CHANGES FOR THE YEAR ENDING 5 APRIL 2022

COVID 19 recovery loan scheme

Domestic Reverse Charge in the construction industry

2021 Budget Super Deduction for investment

Our summary of the Budget March 2021

Tax Return Deadline Extension 28 February 2021

Making tax digital and micro businesses

File your return on time to avoid late filing penalties

MARRIAGE ALLOWANCE

GAPS IN YOUR NATIONAL INSURANCE RECORDS

Remember to make use of your dividend and savings allowances!

Avoid Penalties on Child Benefits

WHAT IS CAPITAL GAINS TAX

Use your ISA allowances before it too late

Prepare your self assessment tax return before Christmas!

FILE YOUR SELF ASSESSMENT ON TIME! AVOID FILING YOUR TAX RETURN LATE

Preparing your self assessment yourself could lead to extra costs

The chancellor has set out further measure to aid those business affected by Corona Virus including help for the self employed.

Chancellor Rishi Sunak on Tuesday revealed the governments package to assist the economy against the impact of the coronavirus.

Corporation Tax is a tax levied on companies’ profits. The current tax rate is 19%; it has remained the same since 2017. Below are 4 tips to help you in reducing the amount of corporation tax you pay.

There are some important rules an employer needs to be aware of when hiring workers for the first time. We have listed 6 important rules you should know about when hiring staff.

Improvement in technology has made a huge impact in the accounting industry. More specifically, changes in the tax system and development in accounting software have significantly benefited the accounting industry.

Annual Accounts are financial reports that Private Ltd and Public companies must prepare at the end of a financial year. Filing this account is a legal requirement, so ensure that you file on time and prepare the necessary information required. Below are 6 tips that will help you prepare and submit your Annual Accounts.

High earning NHS employees such as consultants and GPs are exposed to high pension tax charges which have lead to reduced final pension entitlements and a reduction in take home pay.

It seems highly likely that the UK is on course for a no deal Brexit. HMRC have provided their guidance on the issues which small businesses will face in the event.

Profit extraction is a complicated issue for all small businesses.

Entrepreneurs’ Relief reduces the amount of capital gains tax that individuals pay on disposals of your business or certain business assets from 20% to 10%.

Locum healthcare professionals are people working temporarily at a healthcare establishment – usually on behalf of the absent employee. As such, locums often don’t have an employer, at least not in the traditional sense.

The tax is known as a ‘benefit in kind tax’. It is applied because the car is seen as an additional taxable benefit that is not included in someone’s salary.

Small businesses are required to keep records of financial affairs. They’re necessary for the success of the business.

IR35 is the UK’s latest anti-avoidance tax legislation. The legislation is designed to assess whether a worker is a contractor or a ‘disguised’ employee.

If you’re a contractor in the private sector, you can choose to be your own limited company or through an umbrella company. We look at the differences and see which one is better for your needs.

The VAT on food industry can be quite taxing (pun intended) to get your head around.

You may have heard of ‘challenger banks’ or ‘digital banks’. They are disrupting the normal banks and making us think of banking in a new way. But what are they?

You’ve probably heard of HMRCs new initiative, Making Tax Digital (MTD). If you haven’t, we recommend you read our previous article on MTD.

Small business owners are held to strict filing deadlines for your statutory filings and payments of tax. Failure to adhere to most filing deadlines set by the likes of HMRC and Companies House will result in a late filing fee – causing you to pay more money and attract unwanted interest from authorities.

As a self-employed person, calculating your profit can be confusing and more importantly time-consuming. To make it easier HMRC have created a way to simplify your expenses. It uses flat rates to work out certain business costs.

The rise of social media has brought opportunities for people to kick-start their own business. If you’re an influencer you’re more than likely going to be self-employed. It’s important to understand your tax and accounting responsibilities. You have the same responsibility as any self-employed individual.

A key issue small businesses and start-ups face is having a healthy cash flow. Late payments stop businesses moving forward. We’ve looked at small ways you can make a big difference to your cash flow to find out if cash really is king.

The rise in the fitness industry has paved the way for those seeking a career in the health world. A popular way, with relatively low start-up costs, is to become a self-employed personal trainer.

Since the tax rates on dividends increased in 2016, owners of limited companies have had to rethink how they extract profit as income. We look at the most common and the benefits of each.

When we first met Derrick he had been trading for one year at The Boat House Café in Barking, East London.

If you’re self-employed in the construction industry and have had tax deducted from your pay by your employer, you could be entitled to a tax refund.

Since 1 April 2016 if you purchase an additional property, such as a second home or a buy to let, your purchase will be liable to a higher rate of stamp duty.

If you’re a small business owner, you’ll know how painfully slow manual bookkeeping can be. And with VAT returns, Corporation Tax, and much more to think about, it’s a pretty boring slog.

Now that the self assessment tax return deadline has passed our focus has switched to Making Tax Digital.

The end of the calendar year is a time for reflection of performance during the past 12 months and also a time to set new goals for year ahead for your small business.

As of 1 April 2019 all VAT registered businesses will be required to participate in MTD. The current online portal for VAT submissions will no longer be accessible.

You have decided to run your business as a private limited company. But you don’t know how to set one up.

Mondays budget posed new challenges for off payroll workers from April 2020. As a result of changes in rules, ‘off payroll’ workers will be paying more tax.

The Chancellor of Exchequer presented his 2018 budget on Monday. In today’s article we have chosen and summarised the key points for small businesses.

Traditionally, handing over data to your accountant was a difficult process. This probably only happened once a quarter or once a year.