Remove accounting and finance Remove chartered accountant Remove income tax
article thumbnail

What’s the difference between accounting and bookkeeping?

Reckon

Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. An easy start is to say that an accountant can be a bookkeeper but a bookkeeper isn’t an accountant.

article thumbnail

Abolition of the Furnished Holiday Lettings (FHL) tax regime

Menzies

Menzies LLP - A leading chartered accountancy firm. Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. Capital gains tax reliefs – access to reliefs from taxes on chargeable gains.

Tax 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IR35 – where are we now?

Menzies

Menzies LLP - A leading chartered accountancy firm. The rules exist to ensure that in circumstances where a worker or contractor meets the definition of an employee, that worker pays broadly the same income tax and National Insurance contributions to that of a PAYE employee. What is IR35?

article thumbnail

Tax rates and allowances 2023/24

Menzies

Menzies LLP - A leading chartered accountancy firm. Download Menzies 2023/24 Tax Rate Cards The Menzies Tax Rate card outlines the business and individual tax rates for the coming tax year (2023/24).

Tax 40
article thumbnail

The continued push for Cryptoasset Clarification

Menzies

Menzies LLP - A leading chartered accountancy firm. The CIOT has made its representation for the Autumn Statement 2023, and also completed the submission response to the recent HM Revenue and Customs consultations on Decentralised Finance (Defi) and the need to reform the regulation framework.

article thumbnail

Seed Investment Scheme (SEIS) expansion from April 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. Current rules: the amount an investor can claim income tax relief on is restricted to £100,000 per tax year. This relates to the qualifying investment amount, rather than the tax relief). Discuss plans with your tax advisor early. Investment limit.

article thumbnail

What are the tax Implications associated with Cryptoassets?

Menzies

Menzies LLP - A leading chartered accountancy firm. And are there tax consequences you should be aware of? In this article we will look to provide an explanation of the tax implications that may arise for those involved with Cryptoassets. Income Tax. Income Tax rates. But what does it all mean?

Tax 52