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Rental Income

Menzies

Menzies LLP - A leading chartered accountancy firm. One of the main aspects you need to think about when becoming a landlord is the tax position and ensuring that you meet the tax reporting requirements. The income will be taxed at your marginal rate.

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Autumn Budget 2024: Tax Service Line Wishlist & Predictions

Menzies

Menzies LLP - A leading chartered accountancy firm. With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. If this area is targeted, we may see the introduction of a top rate for gains above a certain threshold or even an alignment with income tax rates.

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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?

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How to set up as a self-employed barrister

Menzies

Menzies LLP - A leading chartered accountancy firm. For a self-employed barrister, we would recommend that you make efforts to set aside money to pay tax and student loans and make voluntary Class 2 NI payments to help qualify you for benefits (e.g. state pensions and allowances). We’d love to talk and show you more!

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Spring forecast 2025 wish list: Technology

Menzies

Menzies LLP - A leading chartered accountancy firm. We explore potential tax reversals, digital investment commitments, and the impact of policy changes on start-ups, growth, and digital transformation initiatives. The rate of tax is set to increase from 10% to 14% from April 2025 and 18% from April 2026.

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Autumn Budget 2024 Commentary: Technology

Menzies

Menzies LLP - A leading chartered accountancy firm. No increase in taxes on ‘working people’ As promised, the Chancellor did not raise ‘taxes for working people’, i.e. income tax and employee’s National Insurance. Nor has the Chancellor increased VAT.