What is the 'Side Hustle Tax'?
Wednesday 13th of March 2024 HMRC Has announced that from 1st January 2024 firms including Vinted, Airbnb, Depop and eBay are obligated...
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lily56904
Mar 62 min
Demystifying Business Structures in the UK: A Quick Guide for Entrepreneurs
Wednesday 6th March 2024 When starting your business journey, the first question that many startup business owners or aspiring...
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Pro Tax Plus Accountants
Mar 12 min
Navigating Finances: When Is The Right Time for a Small Business To Hire an Accountant?
Running a small business involves wearing multiple hats, from managing operations to engaging with clients. As your business grows, so do...
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Pro Tax Plus Accountants
Sep 23, 20222 min
Mini Budget 2022: What It Means For You
Chancellor Kwasi Kwarteng has unveiled his Mini Budget, claiming these are the biggest tax cuts! What does this includes? See below to...
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Pro Tax Plus Accountants
Feb 18, 20221 min
Our Proactive Services For Growing Businesses
The best thing about our proactive accounting services is that we go through your whole business and understand how it operates. We make...
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Pro Tax Plus Accountants
Feb 16, 20221 min
We're not just some 'Average' Accountants...
At Pro Tax Plus, we are proactive in our approach, which means that we focus on more than just your bookkeeping and tax submissions. We...
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Pro Tax Plus Accountants
Feb 15, 20221 min
The new Self-assessment deadline for 20/21 is February 28th
You still have time to file your self-assessment tax return 20/21. The new deadline is February 28th! HMRC has extended the deadline for...
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Pro Tax Plus Accountants
Aug 5, 20211 min
The fifth SEISS grant applications are open now
The fifth SEISS grant applications are open now: For the Self-employed clients: Self-employed people might be eligible for a taxable...
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Pro Tax Plus Accountants
Jan 7, 20212 min
Lockdown #3 Goverment Support for Businesses
Chancellor Rishi Sunak has announced another support package for the business which is mainly targeting those close during the lockdown...
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Pro Tax Plus Accountants
Dec 30, 20206 min
Unpaid tax bills: Easing the burden
This article explores the options available for those struggling to pay their tax bills. The Covid-19 pandemic has caused financial...
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Pro Tax Plus Accountants
Mar 21, 20201 min
Support for businesses through the Coronavirus Business Interruption Loan Scheme
Support for businesses through the Coronavirus Business Interruption Loan Scheme A new temporary Coronavirus Business Interruption Loan...
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Pro Tax Plus Accountants
Mar 21, 20201 min
Cash grants for retail, hospitality and leisure businesses
Cash grants for retail, hospitality and leisure businesses The Retail and Hospitality Grant Scheme provides businesses in the retail,...
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Pro Tax Plus Accountants
Mar 21, 20201 min
Support for businesses who are paying sick pay to employees
Support for businesses who are paying sick pay to employees We will bring forward legislation to allow small-and medium-sized businesses...
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Pro Tax Plus Accountants
Mar 21, 20201 min
VAT payments deferral - Corona Covid-19 Update
VAT For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Eligibility All UK businesses are eligible. How to access the...
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Pro Tax Plus Accountants
Dec 25, 20193 min
Take advantage of the Annual Investment Allowance
The annual investment allowance (AIA) allows businesses to obtain an immediate deduction against profits for capital expenditure up to...
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Pro Tax Plus Accountants
Dec 25, 20192 min
Savings income – how is it taxed?
The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are...
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Pro Tax Plus Accountants
Dec 25, 20193 min
Getting ready for MTD for VAT
The start date for Making Tax Digital (MTD) for VAT is fast approaching – from the start of your first VAT accounting period beginning on...
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Pro Tax Plus Accountants
Dec 25, 20192 min
Subsistence expenses – using the benchmark scale rate
The option to pay employees flat rate subsistence expenses tax-free can be an attractive one; the employees are clear on what expenses...
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Pro Tax Plus Accountants
Dec 25, 20192 min
Claim a deduction for pre-trading expenses
As a general rule, a deduction is allowed for expenses that are incurred wholly and exclusively for the purpose of the trade. Thus, for...
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Pro Tax Plus Accountants
Dec 25, 20192 min
`Relevant goods’ and the VAT flat rate scheme?
The VAT flat rate scheme is a simplified VAT scheme, which allows small traders (turnover of £150,000 excluding VAT) to account for the...
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