Action you can take if you are struggling to pay your tax - AccounTax Zone Limited

Action you can take if you are struggling to pay your tax

Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on …

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Deferring Class 1 National Insurance contributions - AccounTax Zone Limited

Deferring Class 1 National Insurance contributions

Where an employee has more than one job, they may be able to defer the payment of Class 1 National Insurance contributions in one or …

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Claim a refund if you have overpaid tax - AccounTax Zone Limited

Claim a refund if you have overpaid tax

There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it is understandable that the taxpayer …

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Starting a business as a sole trader - AccounTax Zone Limited

Starting a business as a sole trader

When starting a business, there are various decisions to make and tasks to perform. One of the first questions to address is whether to run …

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Using salary sacrifice to beat the rise in employer’s NIC - AccounTax Zone

Using salary sacrifice to beat the rise in employer’s NIC

One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The Class 1A …

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Is it worth paying voluntary Class 3 NICs? - AccounTax Zone Limited

Is it worth paying voluntary Class 3 NICs?

The payment of National Insurance Contributions (NICs) is linked to entitlement to the state pension. If sufficient National Insurance Contributions of the right type are …

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Using the VAT flat rate scheme - AccounTax Zone Limited

Using the VAT flat rate scheme

The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses …

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What to do if you cannot pay your tax bill - AccounTax Zone Limited

What to do if you cannot pay your tax bill

As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment …

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Using ISAs to benefit from tax-free savings income - AccounTax Zone Limited

Using ISAs to benefit from tax-free savings income

A combination of higher interest rates and stealth taxation may mean that you are now paying tax on savings income for the first time. If …

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Self-employed expenses: What can you deduct? - AccounTax Zone Limited

Self-Employed Expenses: What Can You Deduct?

If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct self-employed expenses that you …

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company secretary

The Evolving Role of Company Secretaries in Corporate Governance

In the rapidly changing corporate landscape, the role of the company secretary has undergone a remarkable transformation. Once considered purely administrative, today’s company secretaries are …

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NIC for employers to rise - AccounTax Zone Limited

NIC for employers to rise

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance Contributions(NICs) from 6 April 2025. From that date, …

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