Tax Archives - IRIS KashFlow

How to Complete Your Self-Assessment

Adam Mitchell — Thu, 13 Dec 2018 16:12:32 +0000

If you’ve never had to complete a self-assessment tax return before, the very thought of doing so can be quite daunting. However, like many things it’s easy when you know how. So, before you start putting off the paperwork, read through our go to guide to completing your self-assessment. We’re here to show you what […]

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Making Tax Digital: What You Need to Know

Adam Mitchell — Mon, 10 Dec 2018 16:09:43 +0000

Making Tax Digital: What You Need to Know HMRC recently introduced a fundamental change to the way the UK tax system works. It’s called Making Tax Digital, and it’s being rolled out across the country over the coming years. If Making Tax Digital is new to you, or you’re not sure if the changes apply […]

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Tax and National Insurance in Self-Employment

Andrew Woodhouse — Fri, 11 Aug 2017 08:15:17 +0000

If you’re self-employed, it’s your responsibility to pay tax and National Insurance for yourself. This can be a scary responsibility, and sometimes quite confusing. To help you understand the shape of the UK tax system, and how you fit into it as self-employed, we’ve written this blog on tax and National Insurance for the self-employed. […]

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Corporation Tax Reform of Loss Relief: What’s The Latest?

Andrew Woodhouse — Thu, 20 Jul 2017 09:16:45 +0000

The Corporation Tax reform of loss relief was originally announced in the Finance Bill, as published 20 March 2017, and was originally scheduled to come into force on 1 April 2017. The policy’s aim is to make tax relief more flexible. It also aims to ensure profitable businesses pay a fair amount of tax. As a […]

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Making Tax Digital: What the Delays Mean For Small Businesses

Andrew Woodhouse — Fri, 14 Jul 2017 14:03:16 +0000

Originally scheduled to start coming into force by April 2018, rollout of the UK government’s Making Tax Digital initiative has been delayed by “at least” two years. It is now projected for a 2020 start date. Making Tax Digital: what’s changed? As announced by the Treasury, there are two key features to the announced delay: […]

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P11D – What It Is and What You Need To Do

Andrew Woodhouse — Thu, 06 Jul 2017 14:32:44 +0000

P11D is a tax form for expenses and benefits that needs to be filed by employers of nearly all business sizes. To fill it in, you’ll need to calculate the cash equivalent of benefits and expenses you’ve provided during the tax year. We explain how to do this further down. Who does the P11D form […]

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Missed The Tax Return Deadline? Here’s What To Do Next

Graham Crothers — Tue, 31 Jan 2017 14:49:17 +0000

The deadline to file your tax return is midnight tonight, and if you think you’re not going to make it, then you’re not the only one. Each year thousands of businesses miss the boat, with many having to cough up £100 to pay a fine, or more in some cases. If you haven’t been able […]

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‘Making Tax Digital’ – What It Means And What You Should Do About It

Graham Crothers — Thu, 26 Jan 2017 14:38:02 +0000

If you’re active on social media, you will have probably seen the term ‘Making Tax Digital’ mentioned here and there. You may have also seen that within a matter of days a big announcement is due concerning it. But what exactly is it and how will it affect you? A recent report carried out on […]

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5 Tips For Self Assessment Success

Graham Crothers — Fri, 13 Jan 2017 11:25:32 +0000

It’s a well-known fact that the dreaded online tax return deadline is looming. If you don’t know where to start or you’re worried about how much tax you owe, you’re not alone. However, there is light at the end of the tunnel – by following these simple last minute Self Assessment tips it is possible […]

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Streamline your accounts in time for ‘Making Tax Digital’

Graham Crothers — Thu, 10 Nov 2016 09:02:49 +0000

The annual tax return – a phrase that strikes fear and dread into the heart of many a small business owner. A time of long tiring evenings spent gathering receipts and filling out tedious forms. Soon though, all this will be a thing of the past, as the way you manage your tax is changing […]

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Have your say on Making Tax Digital before it’s too late

Graham Crothers — Tue, 01 Nov 2016 11:46:12 +0000

For the past few months there’s been much frenzied debate about the impending changes planned for the UK tax system. By 2020 HMRC are proposing to put in place a fully digitized tax system as part of their ‘Making Tax Digital’ initiative, which will let you keep tabs on how much tax you owe, making […]

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