Havering Accountants, Trueman Brown, keep their client’s up-to-date with the latest developments in tax. The question of whether tips and gratuities are taxable and subject to National Insurance Contributions (NICs) often results in a lively debate. Broadly,...
Romford Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments in tax and accountancy. Where income is mainly derived from savings, it is possible to enjoy tax-free savings income of up to £18,500 tax-free in 2019/20 in...
Making Tax Digital Software – What You Need to Know for 2025/26 The UK government’s push for digital tax compliance means that using making tax digital software is now more important than ever. If you’re a VAT-registered business, self-employed individual, landlord or...
Reducing Self Assessment Payments on Account: What You Should Know If you think your tax bill for the coming year will be lower than last year’s, reducing self assessment payments on account could help you ease cash-flow pressures. Many taxpayers do not realise that...
Capital Allowances Small Pool Write Off – Updated for 2025/26 Businesses that don’t use the cash basis can claim capital allowances for qualifying purchases such as machinery, equipment, or tools. The capital allowances small pool write off allows a business to deduct...
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