Articles/News
If you're generating income from property, filing a Self-Assessment tax return is essential. Accurate record-keeping of your income and expenses is crucial, but there are additional factors to be kept in mind. Understanding allow...
October 30, 2024
Navigating the world of self-assessment tax returns can feel like venturing into a maze—especially for first-time filers. With tax return deadlines approaching and forms to fill out, it’s easy to feel overwhelmed. But fear not! This guide will...
October 18, 2024
HMRC's Making Tax Digital initiative is designed to change how businesses and people maintain their financial records. MTD is a key measure from the government to modernise and automate the tax system. The consent of MTD was announced in the 2...
May 11, 2023
As a shareholder of a company, it is very important to know how your dividend receipts are taxed in Self-Assessment.
When a limited company makes profits, they distribute the earnings to its shareholders in the form of Dividends.
...November 18, 2022
Unlock a world of financial support in the UK! Delve into the intricate landscape of tax credits and benefits designed to ease the burden on individuals. In this comprehensive guide, we'll unravel the diverse array of programs available to hel...
November 01, 2022
Bounce back loans were a part of the pandemic related reliefs that the UK government had introduced. The loans were offered so that small businesses could access emergency funds faster than the normal routes of borrowing with sums between £2...
December 24, 2021
Filing a self-assessment tax return is a daunting task, especially when left for the last minute. True tax planning and saving need time and preparat...
December 23, 2021
Accountants now have a very diversified role as compared to the previous conception people had about them i.e., that an accountant is supposed to deal solely with a business’s accounts. However, an accountant now not only is supposed to func...
October 05, 2021
Doshi Accountants provides tax services and serves as a tax advisor to a score of clients across the UK. Many of our clients have been quizzing us ...
September 06, 2021
The past year and a half has been riddled with changes as far as the accounting and taxation world has gone. But with HMRC keen to introduce more changes for the self-employed from 2...
August 26, 2021
Capital Gains Tax or CGT is that tax that is paid on profits that are made when an asset is sold or disposed of. The gain is what is taxed and not the amount that has been received on the asset. CGT comes into play when assets like personal posses...
August 24, 2021
With the new tax year ushering in and the pandemic still at large employers and business people are all in a classic catch-22 as they wonder what the new tax year will bring. However, the government still stays supportive as the extension of furlo...
April 13, 2021
With the self-assessment online deadline moving ever closer the panic amongst people is increasing. However, it isn’t just the deadline that people should fear as criminals are trying to reap the benefit of this paranoia to get customers to ...
February 06, 2021
If there has ever been a year for dynamism and constant change then it will be 2020 that will be remembered. As we draw close to the end of the year, you’ll find that despite everything that the government and health officials have tried to ...
January 11, 2021
Any taxpayer may overpay to Her Majesty’s Revenue and Customs (HMRC), and this applies equally to an employee, self-employed, or someone who owns a company. HMRC makes sure that everyone pays their taxes, but at the same time, it also doesn&...
January 09, 2021
Discover the advantages of filing your Self-Assessment Tax Returns early in the UK. Beat the deadline stress, avoid penalties, and gain peace of mind. Learn how timely tax filing can optimize your financial planning and ensure compliance effortles...
November 17, 2020
The year 2020 has been one of great changes. Businesses have either had to learn to adapt or been pushed out of contention. The bottom line being – survival is indeed for the fittest as businesses struggle neck to neck amid the market ...
November 11, 2020
UK is always considered to be one of the major driving forces of International business. This is the reason that many overseas companies occasionally or permanently have employees working from the UK. Although compared to many other countries UK h...
October 23, 2020
HMRC tax investigations is a stressful process which is better prevented than cured later as it may lead to a higher tax bill. In order to avoid getting an HMRC tax invest...
October 14, 2020
If you do not pay your tax bills, whether it is your self-assessment tax, Corporation tax, VAT or any other statutory payments, HMRC can go for enforcement action to ...
October 05, 2020
HMRC has introduced a new Capital Gain Tax reporting and payment regime from 6th April 2020. This is applicable for both UK resident and Non-UK residents. In this article we have covered the methods that you need to use to report and pay capital g...
October 03, 2020
It is a very common perception among the new entrepreneurs that the vast and sometimes ambiguous UK Tax rules are one of the reasons that impedes their growth. And sometimes it can even be a real problem for your business if you are unwary.
...September 23, 2020
As a business owner, you juggle many roles and when there are urgent business tasks to do, spending time with your accountant may not be your number one priority. However...
August 31, 2020
The businesses that rely on social contact are greatly affected due to Covid 19. The forced closures due to the pandemic had a huge impact on certain businesses like hospitality industry. To help them recover temporary reduced Read more
August 28, 2020
A question post Brexit has been in minds of all those who import goods from outside UK. The Transition period ends on 1 January 2021 and from then new VAT rules will be applicable on import. What changes will be there on import VAT from 2021?
...August 27, 2020
The COVID-19 pandemic has forced many countries to impose lockdown. Many businesses have closed offices and asked their employees to work from home. As a result working from home is no more a novelty now. However, for many employees and employers ...
August 12, 2020
The British Chancellor Mr. Rishi Sunak announced temporary VAT payments deferral measures on 20th March 2020 to support businesses with cash-flow problems during the COVID-19 pandemic. It effectively means that all the UK VAT registered businesses...
May 19, 2020
Self-employed people are an important part of UK’s workforce who have clearly been looking for encouragement and support during this national emergency.
HMRC has started contacting around 3.5m taxpayers who may be eligible for the ...
May 12, 2020