Starting January 2025, HMRC will impose a £100 fine on UK households that fail to meet the Self Assessment Tax Return deadline. With just over a month left to file, it’s crucial for taxpayers to act quickly to avoid penalties. If you’re one of the millions who need to file, it’s important to stay on […]
HMRC to Fine UK Households £100 for Missing Self-Assessment Tax Return Deadline Read More »
The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there’s no better time to get your Self Assessment wrapped up in time for Christmas. Completing your Self-Assessment Tax Return (SATR) early not only saves you stress later but ensures you can enjoy the holidays without
As the deadline for filing Self Assessment tax returns approaches, cryptoasset users find themselves navigating through the complexities of tax regulations, ensuring compliance with the HMRC. In this guide, we’ll explore essential advice for cryptoasset users to streamline the process and avoid penalties before the looming deadline. Understanding HMRC Tax Penalties on Crypto Tax :
Self Assessment Tax Return Advice for Cryptoasset Users Before the Deadline Read More »
Stamp duty is a tax paid by property buyers when purchasing a property or land. Recent updates, especially the stamp duty changes for first-time buyers, are set to take effect in April 2025, bringing new rules that buyers, sellers, and investors must understand. What Are the Stamp Duty Changes for First Time Buyers? For first-time
Stamp Duty Changes 2025: What It Means for Buyers and Sellers Read More »
Forensic accounting combines accounting expertise with investigative techniques to detect and analyze financial crimes such as fraud, embezzlement, and money laundering. Forensic accountants specialize in tracing funds, identifying hidden assets, and assisting with asset recovery. They also conduct thorough due diligence reviews and provide clear, detailed reports for legal purposes. Forensic accounting plays a crucial
Forensic Accounting and Advisory Services: Brayan & Spencer Associates Read More »
If your company has received a winding-up order, it’s a critical situation, but not necessarily the end of the road. A winding-up order signifies that a court has ordered your company to be liquidated, often due to unpaid debts. However, in some cases, you can apply to have the order canceled (or ‘rescinded’), giving your
How to Cancel a Winding Up Order: A Step by Step Guide Read More »
A Family Investment Company (FIC) is a private company structure in the UK, commonly used by families to manage and control their wealth while benefiting from the lower corporate tax rates compared to personal income tax. It can serve as an alternative to trusts for estate planning, providing a flexible way to pass on wealth
The 2024-2025 UK budget has been released, and while it doesn’t bring sweeping changes, some important adjustments could affect both individuals and businesses. These changes, especially around thresholds, capital gains, and stamp duty, may have implications for your finances and tax planning. Let’s break down what you need to know in simple terms so you
UK Budget 2024 -2025: Key Tax Changes Impacting You and Your Finances Read More »
Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in the UK. Understanding how IHT rules apply to Indian citizens and how to navigate cross-border inheritance tax planning can help in managing potential liabilities effectively. Here’s a detailed look at how Indian domicile status impacts
Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK? Read More »
As regulations around FGas (fluorinated greenhouse gases) become increasingly stringent, it is essential for businesses to prioritize compliance and environmental responsibility. At BSassociate.co.uk, we offer comprehensive FGas audit and compliance services to help organizations meet their obligations in London and contribute to a greener future. I am Pat Sharma, certified F Gas auditor works in
Ensuring Compliance and Efficiency: Our Comprehensive FGas Audit Services Read More »
