Tax and Accounting Blog

Key Self-Assessment and MTD (1)

6 Things You Should Know About Making Tax Digital for Income Tax

Making Tax Digital (MTD) for Income Tax will be one of the largest changes to personal tax in a generation.It’s …
Key Self-Assessment and MTD for Income Tax Deadlines You Shouldn’t Miss

Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss

Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax …
Understanding HMRC Tax Enquiries

Understanding HMRC Tax Enquiries: Types, Triggers & How to Respond

If the enquiry is simple and you’re confident with your records, you may handle it yourself.However, for anything more than …
VAT Treatment of Private Tuition

VAT Treatment of Private Tuition: What Every UK Tutor Must Know

In the UK, thousands of individuals earn their living as private tutors—teaching everything from maths and English to science, music, …
Making Tax Digital for Self Assessment: Dual Guide for Landlords & Sole Traders

Making Tax Digital for Self Assessment: Dual Guide for Landlords & Sole Traders

Are you a landlord or sole trader in the UK earning more than £30,000? If so, a major change is …
Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025

Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025

Selling goods or digital services online has never been easier — but with new tax rules coming into effect in …
Sole Trader to Ltd Company UK: HMRC Rules, Tax Savings & Legal Steps

Sole Trader to Ltd Company in UK: HMRC Rules, Tax Savings & Legal Steps in 2025

Switching from a sole trader to a limited company in the UK is a big step—and a smart one for …
e Spring Statement 2025

Spring Statement 2025 Key Updates for UK Businesses and Taxpayers

The Spring Statement 2025 brought significant updates to the UK’s economic landscape, focusing on financial stability, public spending, tax changes, …
Essential Tax Deductions for UK Doctors and Medical Professionals

Essential Tax Deductions for UK Doctors and Medical Professionals

Tax season can feel overwhelming, especially for doctors and medical professionals in the UK. With busy schedules and complex finances, …
Allowable Expenses for Sole Traders

Allowable Expenses for Sole Traders

As a sole trader in the UK, managing your finances is critical to running a successful business. One way to …
HMRC to Fine UK Households £100 for Missing Self-Assessment Tax Return Deadline

HMRC to Fine UK Households £100 for Missing Self-Assessment Tax Return Deadline

Starting January 2025, HMRC will impose a £100 fine on UK households that fail to meet the Self Assessment Tax …
Get your self assessment tax return (SATR) done in these holidays

Get your self assessment tax return (SATR) done in these holidays: Avoid the Last-Minute Rush

The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there’s …
Self Assessment Tax Return Advice for Cryptoasset Users Before the Deadline

Self Assessment Tax Return Advice for Cryptoasset Users Before the Deadline

As the deadline for filing Self Assessment tax returns approaches, cryptoasset users find themselves navigating through the complexities of tax …
Stamp Duty Changes 2025

Stamp Duty Changes 2025: What It Means for Buyers and Sellers

Stamp duty is a tax paid by property buyers when purchasing a property or land. Recent updates, especially the stamp …
Forensic Accounting

Forensic Accounting and Advisory Services: Brayan & Spencer Associates

Forensic accounting combines accounting expertise with investigative techniques to detect and analyze financial crimes such as fraud, embezzlement, and money …
Cancel a Winding Up Order

How to Cancel a Winding Up Order: A Step by Step Guide

If your company has received a winding-up order, it’s a critical situation, but not necessarily the end of the road …
Family Investment Company (FIC)

Family Investment Companies (FICs): A Tax-Efficient Wealth Management Solution for UK Families

A Family Investment Company (FIC) is a private company structure in the UK, commonly used by families to manage and …
UK budget

UK Budget 2024 -2025: Key Tax Changes Impacting You and Your Finances

The 2024-2025 UK budget has been released, and while it doesn’t bring sweeping changes, some important adjustments could affect both …
Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK?

Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK?

Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in …
Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK

Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom …
Get Your Annual Report Done Right & Fast: The Power of a Company Secretary in the UK

Get Your Annual Report Done Right & Fast: The Power of a Company Secretary

The role of a Company Secretary in the United Kingdom is pivotal in ensuring that a company complies with its …
Navigating Tax Implications for London Freelancers in 2024

Tax Implications of Remote Working for London Employees in 2024

In today’s digital age, remote working has become the norm for many Londoners. Whether you’re a seasoned freelancer or a …
Spring Budget 2024

Spring Budget 2024: Key Changes for Employers and Employees (UK)

The Spring Budget, delivered by Chancellor Jeremy Hunt on March 6, 2024, outlined the government’s plans for tax reform and …
Tax Benefits of Marriage in the UK: Understanding What Applies to You

Tax Benefits of Marriage in the UK: Understanding What Applies to You

Getting married is a momentous occasion filled with love, commitment, and, believe it or not, potential tax benefits! While financial …
10 Mistakes Londoners Make with Their Property Taxes

10 Mistakes Londoners Make with Their Property Taxes

Property taxes are an inevitable aspect of homeownership in London, and while they may seem straightforward, many Londoners often make …
Check 5 Signs Your London Business Is on the Right Track

Check 5 Signs Your London Business is on the Right Track

Running a successful business in London requires more than just a goal, it demands a keen eye on financial health …
Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families

Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families

Are you a hardworking parent in the UK, striving to make ends meet while juggling the demands of your career …
Tax Tips for Maximizing Your Business Profits during Christmas

Tax Tips for Maximizing Your Business Profits during Christmas 2023

The holiday season is not only a time for festive cheer but also a crucial period for businesses to strategize …
5 Tax Saving Techniques for Londoner with a Household Income of 20,000 GBP

5 Tax Saving Techniques for Londoner with a Household Income of 20,000 GBP

As a Londoner with a household income of 20,000 pounds, you may be wondering if there are ways to save …
Business Tax Advice for Limited Companies and Sole Traders

Business Tax Advice for Limited Companies and Sole Traders in UK

When it comes to taxes, proper planning is crucial for both limited companies and sole traders in the United Kingdom …
How the UK self-employed are reducing their tax bill

How the UK self-employed are reducing their tax bill: Secret Hacks

This article will help you understand how self-employed people in the UK can save money on their taxes. We’ll share …
CIS Tax Returns for Subcontractors and Contractors

How UK Contractors and Subcontractors Are Getting Maximum CIS Tax Returns: Learn These Hacks

In the UK, subcontractors and contractors in the construction industry often deal with the Construction Industry Scheme (CIS) for their …
How Clinics and Hospitals in the UK are Benefiting from VAT Exemption

How Clinics and Hospitals in the UK are Benefiting from VAT Exemption

In the United Kingdom, healthcare is vital for keeping people healthy and happy. Places like clinics and hospitals are very …
Capital Gains Tax in the UK: How an Accountant Can Help

Capital Gains Tax in the UK: How an Accountant Can Help

Capital Gains Tax (CGT) can be a complex area for many individuals and businesses. Whether you’re a seasoned investor or …
  • 6 Things You Should Know About Making Tax Digital for Income Tax

    Making Tax Digital (MTD) for Income Tax will be one of the largest changes to personal tax in a generation.It’s not only an improvement to how we report taxes it’s a fundamental transformation towards a digital system that will make managing tax easier, quicker, and more transparent. This will require landlords and sole traders to…

  • Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss

    Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax Digital (MTD) reshaping how individuals and businesses manage their tax records, keeping a clear timeline of important dates is more important than ever. This guide outlines the key upcoming deadlines for Self-Assessment and MTD for Income Tax…

  • Understanding HMRC Tax Enquiries: Types, Triggers & How to Respond

    If the enquiry is simple and you’re confident with your records, you may handle it yourself.However, for anything more than a basic check, it’s strongly recommended to work with a tax advisor or accountant. They understand HMRC procedures, can represent you, and may help reduce or eliminate penalties. At Brayan & Spencer Associates Ltd, we…

  • VAT Treatment of Private Tuition: What Every UK Tutor Must Know

    In the UK, thousands of individuals earn their living as private tutors—teaching everything from maths and English to science, music, and languages. But whether you tutor full-time or part-time, understanding how VAT (Value Added Tax) applies to your tuition services is essential. This guide breaks down the VAT rules for private tutors in simple, easy-to-understand…

  • Making Tax Digital for Self Assessment: Dual Guide for Landlords & Sole Traders

    Are you a landlord or sole trader in the UK earning more than £30,000? If so, a major change is coming your way — and it starts with your taxes. The UK government is rolling out Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), a new digital system that will replace traditional…

  • Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025

    Selling goods or digital services online has never been easier — but with new tax rules coming into effect in 2024 and beyond, staying compliant has become more important than ever. One major development is the Digital Services Tax (DST), which HMRC describes as a 2% tax on the revenues of large search engines, social…

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