November 2023 - Page 3 of 5

16 Nov 23

Tax relief on pension contributions

Taxpayers can usually claim tax relief for their private pension contributions. There is an annual allowance for tax relief on pensions of £60,000 for the current 2023-24 tax year.

16 Nov 23

Marriage allowance entitlement

The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does not pay tax or pay tax above the basic rate threshold for

16 Nov 23

Tax credits top-up

The Cost of Living support package has been designed to help over 8 million households in receipt of mean tested benefits. The details for Cost of Living Payments due in the

14 Nov 23

Why breakeven analysis can be illuminating

If you focus your energy on sales, there is a chance that your efforts will produce losses. Which is why we always encourage our business clients to keep their accounting records

14 Nov 23

Closing the door on tax planning

When the end of a tax year passes, the 5 April 2024 for the current year, or the end of an accounting year if a company, any opportunity to take advantage of tax planning

14 Nov 23

Tax Diary December 2023/ January 2024

1 December 2023 - Due date for Corporation Tax payable for the year ended 28 February 2023. 19 December 2023 - PAYE and NIC deductions due for month ended 5 December 2023. (If you

09 Nov 23

Reminder of not-so-trivial tax-free benefits

There is a benefit-in-kind (BiK) trivial exemption that applies to small non-cash benefits like a bottle of wine, or a bouquet of flowers given occasionally to employees or any

09 Nov 23

Company tax return obligations

After the end of its financial year, a private limited company must prepare full annual accounts and a company tax return. In most cases a company’s tax return must be submitted

09 Nov 23

Due a student loan refund?

Student Loans are part of the government's financial support package for students in higher education in the UK. They are available to help students meet their expenses while they

09 Nov 23

Childcare support from HMRC

Parents may be eligible to receive childcare support from HMRC using the Tax-Free Childcare (TFC) scheme. The TFC scheme can help parents of children aged up to 11 years old (17

Month: November 2023

Tax relief on pension contributions

Marriage allowance entitlement

Tax credits top-up

Why breakeven analysis can be illuminating

Closing the door on tax planning

Tax Diary December 2023/ January 2024

Reminder of not-so-trivial tax-free benefits

Company tax return obligations

Due a student loan refund?

Childcare support from HMRC

Definition of R&D for tax purposes

Tax treatment of income after cessation

Tax refunds for dissolved companies

SJPR