Business Guides

Cryptoassets: How are they taxed?

Cryptocurrencies continue to become more mainstream, and the taxman’s very aware of the gains investors have made in the last five or six years. Back in 2009, investors could snap up one Bitcoin for $1. Fast forward to January 2022 and it would cost $47,000 (£34,700)...

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Is your business planning for redundancies?

We may only be three months into 2022 but plenty of big employers – both here in the UK and overseas – are making employees redundant for a myriad of reasons. OVO Energy is reportedly trying to control costs by cutting 1,700 jobs as gas market prices soar to record...

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Insider: March 2022

The tax authority said more than 10.2 million returns were filed ahead of the original deadline, leaving 2.3m still to file. Late-filers had until 28 February 2022 to file their 2020/21 tax returns online before being fined, due to pressures ensuing from the pandemic....

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Is your business planning for redundancies?

We may only be three months into 2022 but plenty of big employers – both here in the UK and overseas – are making employees redundant for a myriad of reasons. OVO Energy is reportedly trying to control costs by cutting 1,700 jobs as gas market prices soar to record...

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Insider: March 2022

TWO MILLION PEOPLE MISSED SELF-ASSESSMENT DEADLINE More than two million people missed a self-assessment tax return deadline on 31 January 2022, according to HMRC. The tax authority said more than 10.2 million returns were filed ahead of the original deadline, leaving...

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Tax Card 2022/23

STAMP DUTY Consideration on shares over £1,000 = 0.5% PROPERTY TAXES Incremental rates of tax are only payable on the part of the property price within each band. An extra 3% rate (4% in Scotland) applies to purchases of additional residential property above £40,000...

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TC Group Charity News 2022 – Winter Edition

Our Charity News includes the latest guidance and support available for the not-for-profit sector as COVID-19 restrictions ease. We also consider the impact of recent reporting and tax developments and other pertinent issues,...

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How to value your business in 2022

The last year has been challenging for all of us, let alone business owners who’ve had to claim emergency support and battled hard to stay afloat. Having survived those choppy waters, maybe it’s time to get your business valued as thoughts drift towards an exit...

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Utilising your pension to cut inheritance tax

Inheritance tax was thought to be ripe for reform in last year’s Autumn Budget but, as it happened, it was left untouched for another tax year. What that means is the £325,000 nil-rate band has been in place since 2009, while the 40% standard rate of tax that can...

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Insider: February 2022

HMRC WAIVES PENALTIES AGAIN FOR LATE SELF-ASSESSMENT   Anyone who missed last month’s self-assessment deadline has until 28 February 2022 to file their tax returns online before being fined. HMRC said last month that fines would not be enforced on taxpayers who...

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