About Paul Ankers

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So far Paul Ankers has created 117 blog entries.

Questions that every business owner should ask their accountant

Your accountant is far from just a number-crunching machine! They have specialist knowledge regarding taxes, expenses, allowances and so much more. In this blog, we’ll outline some of the key questions that you should be asking your accountant to ensure your business is as efficient as possible. Can I make [...]

2024-04-24T09:25:43+01:0024 April 2024|

2024/25 tax year rates and allowances 

National Insurance and Tax Tax-free personal allowance – £12,570 Basic rate – 20% – up to £37,700 Higher rate – 40% – from £37,701 to £125,140 Additional rate – 45% – above £125,140 National Insurance Rates Primary threshold - £12,570 [...]

2024-04-18T10:45:32+01:0025 March 2024|

Tax Basis Period Reform for Sole Traders and Partnerships

If you're a sole trader or a partner in an unincorporated or incorporated partnership, upcoming changes in tax rules may affect you. These reforms alter how businesses like yours are taxed. Overview of the Basis Period Reform HMRC is changing how taxable profits are calculated. Previously, unincorporated businesses were taxed [...]

2024-02-29T10:42:31+00:0029 February 2024|

Understanding cryptoasset taxes in the UK

Whether you currently own cryptoassets, or you have done previously, it's crucial to understand the tax implications and what you might owe to HMRC. In this blog, we’ll delve into the rules surrounding crypto tax and explore how you can stay compliant. HMRC’s stance on crypto tax HMRC initially likened [...]

2024-01-24T15:18:17+00:0010 December 2023|

Can you claim your festive celebration as a business expense?

The festive season is approaching and many Limited Company directors are starting to prepare for their yearly celebrations. Fortunately, HMRC recognises staff entertainment as a valid business expense, but your festivities need to follow certain rules to qualify for tax and National Insurance exemption. What are the rules?  To be [...]

2024-01-15T10:28:45+00:009 November 2023|
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