Calculating adjusted net income and why it matters - AccounTax Zone Limited

Calculating adjusted net income and why it matters

Adjusted net income is a key measure of income for tax purposes. It is total taxable income before taking account of any personal allowances and …

Read more

Read more

Dealing with a Simple Assessment letter - AccounTax Zone LImited

Dealing with a Simple Assessment letter

Simple Assessment is used by HMRC to collect tax underpayments from taxpayers with straightforward tax affairs. It removes the need for the taxpayer to complete …

Read more

Read more

When do you need to register for VAT and how do you do it? - AccounTax Zone Limited.

When do you need to register for VAT and how do you do it?

If you are running a business, regardless of whether you operate as a sole trader, in partnership or the business is run as a limited …

Read more

Read more

Making a loan from a personal company to a family member - AccounTax Zone Limited

Making a loan from a personal company to a family member

There are many possible situations in which a person may make a loan to a family member, for example, a parent may lend money to …

Read more

Read more

Capital allowances for cars - AccounTax Zone Limited.

Capital allowances for cars

Cars are a special case when it comes to capital allowances. While capital allowances may be claimed on cars used in a business, partners and …

Read more

Read more

Five tax-free health and welfare benefits - AccounTax Zone Limited

Five tax-free health and welfare benefits

Employers are able to provide employees with a range of health and welfare benefits without giving rise to a tax charge under the benefits in …

Read more

Read more

Should you pay voluntary Class 2 National Insurance? -AccounTax Zone Limited

Should you pay voluntary Class 2 National Insurance?

Self-employed earners whose earnings exceed the lower profits limit (set at £12,570 for 2025/26) must pay Class 4 National Insurance contributions on their profits. These …

Read more

Read more

Taxation of savings income in 2025/26 - AccounTax Zone Limited

Taxation of savings income in 2025/26

There are various ways to enjoy savings income without paying tax on it. In addition to the personal allowance, basic and higher rate taxpayers benefit …

Read more

Read more

Relief for additional expenses of working from home - AccounTax Zone Limited

Relief for additional expenses of working from home

In a post on X, HMRC recently warned taxpayers not to get caught out by ads promising quick refunds for working from home, urging taxpayers …

Read more

Read more

Employ a worker on a small salary to access the Employment Allowance - AccounTax Zone Limited

Employ a worker on a small salary to access the Employment Allowance

Employers’ National Insurance rose considerably from 6 April 2025. Not only did the rate increase from 13.8% to 15%, but the secondary threshold also fell …

Read more

Read more

Extension to MTD for ITSA | AccounTax Zone Limited

Extension to MTD for ITSA

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords …

Read more

Read more

10 benefits of filing your 2024/25 tax return early | AccounTax Zone Limited

10 benefits of filing your 2024/25 tax return early

As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can …

Read more

Read more

Schedule A Call