Tax Rates and Thresholds for years 2020/21
Not sure if you are near the tax bracket? Just want to workout how much tax you might need to pay at the end of the year? This helpful guide shows some of the rates and thresholds in 2020/21.
Not sure if you are near the tax bracket? Just want to workout how much tax you might need to pay at the end of the year? This helpful guide shows some of the rates and thresholds in 2020/21.
Since 21st March 2020 it feels as though we have been launched into the future with close contact at work a happy thing of the past and having now recovered from the shock, industries having to rethink the way that they work and develop at an unprecedented speed if they are to survive.
What goes where? Are you allocating monies in the right way? We have a quick look in this blog post regarding technical accounting.
Not sure if you are near the tax bracket? Just want to workout how much tax you might need to pay at the end of the year? This helpful guide shows some of the rates and thresholds in 2019.
Make sure that you know when your VAT return is due, failing to file your VAT return on time is fineable. That’s why we have created this helpful guide.
The sales turnover threshold at which a business would ordinarily be required to register for VAT in the UK has been £85,000 since 1st April 2018, only now changing to £90,000 from 1st April 2024.
With different rules for Limited Companies and sole traders, flat rates for simplified accounting, cash accounting, accruals accounting and restrictions on property businesses depending on the type it’s not surprising that business owners get confused about what counts for an expense and what doesn’t in their particular business.
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