The end of the UK tax year, on 5 April, is steadily approaching, and tax payers across the country will be looking for ways to keep as much revenue as they can in their own pockets, and out of HMRC’s.

Despite the assumptions many people have about the activity of tax planning, it's not, as is commonly perceived, something only the ultra-wealthy do, or something slightly dodgy that lives in a grey area.

Every year, thousands of UK taxpayers are hit with completely avoidable penalties simply because their Self Assessment tax return was filed late, or their tax bill wasn’t paid on time. 

Running payroll is a delicate balance of accuracy, timing, compliance, and trust. Not merely a repetitive admin task.  One tiny slip can snowball into overpayments, unhappy employees, HMRC charges, and hours of unnecessary extra work. 

If you’ve turned on the TV, looked on social media or even bought a newspaper over the last week, chances are that you’ve seen Budget this and Budget that. So what you probably don’t need is a complete breakdown of every new thing that was announced. What you probably want is a list of things that you need to think about.

MTD IT is HMRC’s new system for reporting income tax. If you’re self-employed or earn income from property, you’ll need to keep digital business records and send updates to HMRC through MTD-compliant accounting software.

Planning for your future is one of the most important, and too often overlooked, aspects of financial wellbeing. 

If you’re wondering whether it’s possible to file your Self Assessment tax return before the January deadline, the answer is a simple, yes, you can. And in most cases, you absolutely should.

One area that regularly comes up in conversation is the financial benefit of getting married or entering into a civil partnership. Beyond the emotional and social reasons for tying the knot, many couples ask, ‘’is there a tax advantage to being married?’’. And, more cynically, is it worth it?

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