Blog

What is a tax return?

It can be easy to become confused by all the jargon associated with tax returns, whether it’s trying to understand if a tax return is required, to deciphering when a tax return needs to be filed and any associated tax paid. This article offers a comprehensive look at tax returns for individuals and companies, answering […]

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A simple guide to Capital Gains Tax

While most taxpayers understand that their income is subject to Income Tax, many are not so certain how to treat a sale of a capital asset, such as a property (that’s not your home) or shares. What’s more, changes to Capital Gains Tax (CGT) reporting over the past few years have further complicated matters, and […]

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How to claim tax back

It’s pay day. You look at your payslip, but something doesn’t appear to be right. You ask yourself: ‘Have I paid too much tax?’ The same may have happened when your Self Assessment calculation arrived from HMRC. It’s quite possible that, for one reason or another, you may have paid too much at some stage […]

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Corporation Tax: What is it and what you should know

This guide takes you through the fundamentals of Corporation Tax in the UK, helping you make sense of a core component of business taxation and answering questions you might have. Whether you are a start-up encountering corporate tax for the first time, an established business looking to understand your finances better, or an accountant wanting […]

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Everything you need to know about off-payroll working legislation (IR35)

Following delays that resulted from the COVID-19 pandemic, the changes to off-payroll legislation (IR35) are now once again right around the corner. Is your firm ready to deal with IR35? Don’t worry if not, we’ve compiled all the information you need to be aware of before April 2021. IR35, what’s happening? IR35, as outlined by […]

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How to change tax code: the complete guide

We’ve all been there at some point or another. Whether it’s because you’ve recently moved jobs, you’ve had a change to your personal allowance, or your marital status has changed, it’s an inevitability that you will need to change your tax code at some point.  You may also need to check your tax code to ensure it’s correct and up to date. Even […]

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Robots rising, Brexit bedlam, client conundrums and coping with change

As we witness the rapid rise of robots, as we watch the unfolding crisis and chaos at Westminster over the Brexit saga, and as we see the demands of clients and staff constantly evolving, the dizzying rate of change is enough to send our heads into a collective spin. Keeping pace with our ever altering […]

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5 ways to stop busy season becoming burnout season

As the dreaded January busy season looms, it’s essential that you think about how to prepare yourself to avoid it having repercussions for your health and your practice. We’re talking about burnout – recognised as an “occupational phenomenon” by the World Health Organisation (WHO). It’s more than just ‘being stressed’. Burnout could severely disrupt your […]

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Having trouble keeping on top of client deadlines?

Every accounting practice faces the same challenge. How do you keep on top of every single client deadline, ensuring each stage of the process is being fully managed by a member of your team? It’s not easy, that’s for sure, especially because of the level of complexity inherent in the UK tax system. You have […]

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Taxfiler bids to retain trophy after reaching awards final again

Taxfiler is on the cusp of a glorious double after reaching the final of the much sought after Accountancy Excellence Awards for the second year in a row. Winning the 2018 Accounts Production award was very special, and we’re thrilled that we’ve made it on to the 2019 shortlist to retain our trophy. What made […]

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