Paish Tooth
@PaishTooth
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We're an enthusiastic and expert team of accountants & tax advisors, who want to make managing your business and personal finances as stress-free as possible.
Cheltenham
Joined September 2014
If you own a property which you let out on a short-term basis or as a self-catering holiday let, there are some new rules to be aware of, either already in existence or under discussion. https://t.co/PQnJh7H31h
#holidaylet #selfcatering
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Good news for parents who are liable to pay the High Income Child Benefit Charge #HICBC #childbenefit
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Changes are on the horizon for auto-enrolment pensions - the government is considering lowering the minimum age from 22 to 18 to qualify for auto-enrolment, and abolishing the lower earnings limit for contributions. https://t.co/ulGn5vBSra
#autoenrolment #workplacepension
yourmoney.com
Younger workers and those with lower earnings could come under the scope of pension auto-enrolment as the Government consults on expanding the flagship scheme.
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The income tax threshold freeze which started in April 2022 is due to last until 2028, and is already affecting hundreds of thousands of taxpayers: https://t.co/ZvDiyJFeZS
#glosbiz #taxbands #incometax
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The deadline for filing P11D forms to report benefits in kind for 2022/23 is coming up on 6 July 2023. It's worth noting that reports must now be made online and paper returns will be rejected. https://t.co/yp6qj01PRW
#benefitsinkind #P11D #glosbiz
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Following media reports of big name companies that have failed to pay the minimum wage, here's a reminder of those all-important rates plus a list of specific situations when the national minimum wage doesn't have to be paid: https://t.co/VHssPSvW1l
#NMW
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Business owners are a resilient bunch and those who are the most successful are also flexible in their planning. Here are some of our recommended actions to maintain your business strength in these tough times: https://t.co/b1H0e2C3a9
#glosbiz #businessresilience
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A think tank has urged the government to consider the introduction of a Road Duty for electric vehicles: https://t.co/xc4FiLtVTG
#EV #taxation #fuelduty
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HMRC is cracking down on holiday let owners who fail to declare their incomes, and as a result has made Airbnb share data on its users' earnings dating back to 2017/18: https://t.co/ozS24nbv2T
#letproperty #holidaylet #taxpenalty
punchline-gloucester.com
Airbnb has been forced to share users’ income details with HM Revenue & Customs (HMRC).
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The total amount collected through inheritance tax by HMRC in April was £70.9bn, a rise of £1.8bn on a year ago. https://t.co/QZNzozfPBz
#IHT #retirement
yourmoney.com
There was a rise of £0.1bn to £0.6bn in April in inheritance tax (IHT) bills, new data from HMRC shows.
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Remember, you don't have to leave your 2022/23 tax return until the last minute - it's not too early to file it now! https://t.co/Gc0xZQOQT7
#glosbiz #taxreturn #selfassessment #earlybird
punchline-gloucester.com
Number of prompt self-assessment filings doubles since 2018.
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It's important for businesses to keep vigilant that they are not paying too much corporation tax based on over-estimated profits: https://t.co/w9qpzTfdDB
#corporationtax #CT #overpayment #glosbiz
bmmagazine.co.uk
UK businesses overpaid £11.9bn in corporation tax the past year says UHY Hacker Young, the national accountancy group.
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We hope everyone has a great bank holiday weekend and enjoys all the celebrations. Our office will be shut on Monday 8 May in recognition of the coronation and we will open again at 9am on 9 May. Have a lovely long weekend! 👑🎉 #bankholiday #kingcharles #CoronationWeekend
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'What was once seen as a ‘niche’ tax leveied only on the wealthy, is now a tax on ‘ordinary people’ as frozen thresholds mean more families are paying IHT'. https://t.co/Mqovd98NiA
#inheritancetax
yourmoney.com
Record levels of stamp duty were paid by movers in the last tax year, new data from HM Revenue & Customs (HMRC) has revealed.
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A useful summary of some of the tax changes which have taken place for the 2023/24 tax year: https://t.co/yQa5qi9Esc
#glosbiz #newtaxyear
yourmoney.com
The tax year 2023/24 is now upon us, with higher state pension and benefits payments on the way but increased tax on some investment returns.
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Does your company have a shareholders agreement, and why is it a good idea for all limited companies to have one? https://t.co/6subCUwTNp
#glosbiz #shareholders
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Minimum wage rates are increasing! There are new rates taking effect for National Minimum Wage, which apply from 1 April 2023. Strict penalties apply for non-compliance so make sure you're prepared. https://t.co/ObMVUZJ4CZ
#glosbiz #payroll #wages
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Here's our detailed summary of the Chancellor's Budget report delivered on Wednesday. It brings various changes - some good, some bad, and some to be determined in time. https://t.co/HENQIcSfeq
#budget #glosbiz
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Anyone with gaps in their National Insurance record from April 2006 onwards now has until July to fill the gaps to boost their new State Pension. https://t.co/F1OSvqoMAN
#NICs #statepension
punchline-gloucester.com
The government has offered taxpayers more time to fill gaps in their National Insurance record and help increase the amount they receive in State Pension.
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The mandatory use of software for Making Tax Digital for Income Tax Self-Assessment has been delayed, and is now not being phased in until April 2026. https://t.co/HbIQQyd1wS
#MTD
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