OXON Accountancy

Alert for property owners: Not all repair costs are equal when it comes to tax relief. Knowing what counts could save you money. Find out why it matters now.

Could you claim tax relief for property repairs? | Oxon accountancy Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property income. You can generally claim tax relief for repairs

Alert for UK business owners: If your taxable sales hit £90,000 in a year or will soon breach this threshold, you must register for VAT. Don't miss the deadline, find out why this matters now and what to do next.

Do you know who must register for VAT? | Oxon accountancy Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration

Alert: Your company's trading losses could lower your tax bill more than you think. Discover how using loss relief might ease cash flow. Read on to find out why it matters.

Are you maximising tax relief on company losses? | Oxon accountancy If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses can often be used in different ways, depending on your company’s

Alert: Your savings could trigger a tax bill without you realising. Different allowances may cover your interest, but what if you exceed them? Find out why it matters now and what to watch for if your savings interest changes the tax picture.

Could your savings generate a tax bill? | Oxon accountancy Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available each tax year (from 6 April to 5 April). These include your Personal

Alert: Selling shares this tax year? You might face Capital Gains Tax if your profits exceed the £3,000 allowance. Costs and reliefs can change what you owe. Find out why this matters to your wallet and what to keep in mind before you report to HMRC. Read on for the essentials.

Selling shares this year? | Oxon accountancy If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', you make. You will need to work out your gain to determine if you need to pay tax, which

Alert: Your Making Tax Digital quarterly deadline is approaching. Are your digital records ready for HMRC's new update system? Find out why it matters now and what you need to check before submitting your first update. Read on to stay ahead and avoid surprises.

Making Tax Digital: Are you ready for your first quarterly deadline? | Oxon accountancy If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ready for your first quarterly update deadline. Unlike a traditional self-assessment

Alert: Could your commercial property be unlocking hidden tax relief? Many miss out on a valuable allowance linked to building and renovation costs. Find out why this matters now and what to check to make sure you're claiming all you're entitled to. Read on to explore the potential benefits waiting in your property investments.

Have you overlooked this valuable capital allowance? | Oxon accountancy If you have invested in a new commercial building or carried out significant renovation work, you may have overlooked a valuable capital allowance. The Structures and Buildings Allowance (SBA)

Alert for employers: Offering simple perks might be stirring up unexpected tax trouble. Are your employee benefits actually creating hidden costs? Find out why it matters and how to keep things clear. Read on to avoid surprises!

Employee benefits: Are you creating tax problems without realising it? | Oxon accountancy Providing benefits and covering expenses for employees is a common part of running a business, but it is important to understand the tax implications. A benefit that appears simple or low value could

Are you missing out on crucial business expenses that could cut your tax bill? Many self-employed people don't claim everything they're allowed. Discover which costs you can include and make your next tax return work harder for you. Find out why now could be the moment to check your claims.

Are you claiming all your allowable business expenses? | Oxon accountancy If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the amount of Income Tax you pay. Allowable expenses are costs that are incurred

Alert: Did you know incomes between £100,000 and £125,140 face a hidden 60% tax rate? Small moves in your finances could keep more cash in your pocket. Find out why this matters and how to act now!

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