16/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips
As the UK’s tax landscape continues to evolve, one crucial aspect that individuals and businesses must grasp is the Capital Gains Tax on shares. This tax on profit from asset sales or disposals can significantly impact financial decisions, making it essential to understand the intricacies of CGT in the UK. From the basics of tax …
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09/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips
Wondering about what is the tax on investment income? In the UK, there are two main types of taxes that an investor has to consider, income tax on investment income and capital gains tax. Let’s take a look at what each type of tax consists of, and how they affect investors in the UK. Income …
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08/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
In the UK, high-income child benefit charges are a system implemented by the government. This is to ensure that households with high-income levels bear an equitable share of the burden of funding social programs. This system is critical to the UK’s commitment. This is to provide support and protection to its children and youth. High-income …
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05/04/2024tax , Tax Issues , Tax News and Tips
Do foster carers pay tax? Foster care is a vital role in the UK, providing children with a safe and supportive environment when they cannot live with their families. One aspect of foster care is tax, which is a significant consideration for foster carers. The specific tax obligations and benefits will depend on the carer’s …
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03/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
How to add pension contributions to your tax return? Adding pension contributions to your tax return in the UK is a crucial aspect of filing properly. It helps to reduce your taxable income and ensure you pay the right amount of tax and national insurance contributions (NICs). Pension contributions can be a significant source of …
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28/03/2024tax , Tax Issues , Tax News and Tips
Is there an MTD deadline? Making Tax Digital is a digital transformation initiative by the UK Government. It aims to simplify tax management and promote tax compliance by introducing digitalisation and automation into the tax system. It is being implemented in two phases: Digital connectivity and Digital Accounts. Phase 1 of the MTD program covers …
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27/03/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips
Taxes and fees are an important part of any business or finance-related discussion. There is no exception when it comes to questions like how to pay tax on dividends in the United Kingdom. This guide aims to provide a comprehensive overview of the tax laws and regulations related to dividend payouts. This is to help …
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26/03/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips
The discussion on how carers pay tax in the UK centres on understanding the various taxes, laws, and rules you must abide by as a Carer in the UK. Carers can be subject to a variety of taxes, including Income Tax, Council Tax and National Insurance Contributions. In the UK, tax rates and allowances are …
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19/03/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
Wondering about the difference between paper and online tax returns? In this discussion, we have compared the differences between paper and online tax returns in the UK. Focusing on the submission process, convenience, and potential benefits. Although both methods serve the same purpose, they differ in terms of format, ease of use, and accessibility. Paper …
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18/03/2024tax , Tax Issues , Tax News and Tips
Making tax digital penalties serves as a key tool in ensuring compliance with the new digital tax administration system being implemented in the UK. By imposing financial penalties on businesses and individuals who fail to meet the requirements of MTD, HMRC aims to encourage a smoother transition. This is to a more efficient, effective, and …
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Aamara Waqas2023-08-27Caroline Oake2021-11-14James Smith2020-08-11For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.Maurizio Paolella2019-12-08Reliable professionals - I would certainly recommend.Anna Ruse2019-11-21After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.Alan Harwood2019-10-22John Agbai2019-06-26Very professional and knowledgeable in all aspects of taxation. A great team to have onside.Simon Piller2019-04-03Susan provides a very efficient payroll service for me.Johanna Cargill2019-01-21Excellent, no complaints. Always willing to help!Rebecca Smith2015-04-20Fantastic customer service, would 100% recommend!!
