Carbon Accountancy

Mark your calendar for 30th December 2024! 📅 If your tax liability is under £3,000, and you prefer to have it collected through your PAYE tax code for the 2025/26 tax year, make sure to submit your online Self-Assessment tax return for the 2023/24 tax year by this date. 🗓️ Submitting on time means the owed tax can be spread out over the next tax year, easing immediate payment pressures and helping you manage your finances more smoothly. 🔗 Learn more here: Pay your Self Assessment tax bill through your tax code > https://buff.ly/3JRDnbn If you have any tax questions or need further guidance, feel free to reach out. 😊 https://buff.ly/4iwo2PP #TaxDeadline #FinancialPlanning #AskCarbon

Facing an HMRC enquiry can be daunting, but you don't have to go through it alone. 💼 Carbon Accountancy offers expert support for both limited and full scope enquiries, as well as COP9 investigations. Our friendly and efficient team will guide you through the process, handle voluntary disclosures, negotiate closures, and settle any taxes, penalties, and interest due. Don't let tax investigations stress you out. Get in touch with us today to discuss how we can help! 👉 https://buff.ly/3Vm95G5 #HMRCEnquiries #TaxSupport #AskCarbon

Don't let your hard-earned innovations go unnoticed! Ever wondered how to claim Research and Development (R&D) tax relief? 🤔 It’s simpler than you might think! R&D tax relief can significantly reduce your business’s tax bill, fueling more innovation and growth. 🎥 Watch this video by HMRC to learn the steps to claim R&D tax relief and make the most of your innovative efforts: https://buff.ly/3Vv5ZiS #InnovationFunding #TaxRelief

📢 Attention, high earners! 📢 Are you maximizing your financial potential? Except in Scotland, the point at which you start to pay 40% income tax is £50,271 for 2024/25, having increased at less than two-thirds of the rate of inflation over the past ten years. The rate increases to 45% on income over £125,140. Over 3 million more people pay higher or additional rate tax in tax year 2024/25 than in 2020/21. You may also be feeling the impact of the tax on child benefit, which applies to those with income over £60,000, or you may be subject to tax on dividends. In Scotland, more tax is paid by high earners, up to a maximum rate of 48% in 2024/25. The message is clear: if you want to reduce the amount of tax that you pay the solution is in your own hands. Planning could help you to lessen the rising tax burden – and we’re here to help. 🧐 Discover the ins and outs of pension and tax planning tailored specifically for high earners. It's time to take control of your financial future. 💼💡 This guide explores a key tax planning opportunity: making pension contributions > Read here https://buff.ly/3Zkqw8Q #PensionPlanning #TaxStrategies #AskCarbon

Curious about why your tax bill might change when the State Pension increases? 📈 Find out how these changes can affect the amount of tax you pay. 🔗 Watch the video: How State Pension Increases Affect Your Tax > https://buff.ly/3VjA8BJ #TaxAdvice #PensionPlanning

🎄 The Big Give Christmas Challenge 2024 is live! 🎄 Join us in supporting our friends Breadwinners, a fantastic social enterprise and grassroots charity that empowers young refugees through work experience, training, and mentoring. From 3rd to 10th December, double your impact by donating here ➡️ https://buff.ly/4f3vcrA #ChristmasChallenge #GivingTuesday2024

🌍 Exporting goods from Great Britain to the EU? Here’s what you need to know: preparing to export, obtaining necessary licences and certificates, understanding zero-rated VAT supplies, and getting your business ready for export declarations. Watch this guide for more details ➡️ https://buff.ly/3NUGjYN #Exporting #BusinessGrowth

Income timing 📅: It’s often a good idea to manage the timing of your income to delay a tax liability. For example, it may be worthwhile bringing forward your income if it would attract less tax in 2024/25 than in the next tax year – perhaps because you expect a much higher income in 2025/26. You may also want to consider tax shelter investments, such as investment bonds, which can defer all your personal income tax liability to a more convenient time. Learn more in our guide with strategies for a high tax environment ➡️ https://buff.ly/450PIVQ #IncomeTax #TaxRelief #AskCarbon

📅 Reminder: The deadline for filing annual accounts for companies with a financial year ending 28th February 2024 is 30th November 2024. Ensure you file on time to avoid penalties. For detailed guidance on when and how to file your annual accounts, visit the Companies House blog > https://buff.ly/3Hn4BpS #BusinessCompliance #CompanyAccounts

🌟 Are you looking for expert guidance on personal and business taxes? Carbon Accountancy offers a comprehensive range of tax services, including personal tax returns, company tax returns, VAT advice, PAYE/NI compliance, and assistance with tax investigations. Our friendly, efficient, and cost-effective approach ensures your financial affairs are structured in the most tax-efficient manner. Stay ahead of the curve with our tax planning services, tailored to minimize your tax exposure now and in the future. Plus, we regularly review financial structures to adapt to changing tax landscapes. Ready to optimize your tax strategy? Get in touch today! 👉 https://buff.ly/3SfJtrj #TaxPlanning #BusinessAccountant #AskCarbon