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30 Tax Myths in 30 Days: Day 7 Cash Income Doesn't Need to be Declared! Did you know that cash income must be declared? There's a myth that cash transactions can go unreported, but HMRC requires all income to be declared, regardless of how it's received. Confused about declaring cash income? Click the link to book a free consultation and keep your business on the right side of tax law https://lnkd.in/eByKVqPD

30 Tax Myths in 30 Days: Day 7 Cash Income Doesn't Need to be Declared! Did you know that cash income must be declared? There's a myth that cash transactions can go unreported, but HMRC requires all income to be declared, regardless of how it's received. Confused about declaring cash income? Click the link to book a free consultation and keep your business on the right side of tax law https://lnkd.in/erbcBQsu

🌟Over 69.92 lakh ITRs were filed on 31st July 2024, with a record-breaking 5.07 lakh filings in just one hour between 7:00 pm and 8:00 pm! Trust Delfyle to keep you ahead in the race to meet your tax deadlines. #delfyle #TaxFiling #DelfyleUpdates #FinancialEfficiency

📢 Attention all UK taxpayers! This is a crucial reminder that the deadline for your second payment on account is just around the corner. With only one day left, it's essential to take action to avoid any penalties or interest charges. 💡 If you’re unsure about your payment amount or how to proceed, don't hesitate to contact us directly or consult with our tax professional. #TaxDeadline #PaymentOnAccount #HMRC #UKTax #TaxTips #SmallBusiness

The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for the fiscal year 2024 to October 14, following requests from trade associations and the general public. Initially, the deadline was September 30, with the FBR previously stating no further extensions would be granted. However, due to system-related technical issues, the extension was granted to facilitate taxpayers. Over 3.5 million individuals have already submitted their returns successfully. Stay tuned to our website for breaking news and latest updates: https://lnkd.in/d934bpy7 . . . #InsightPakistan #IncomeTax #FBRUpdate #TaxReturnDeadline #FiscalYear2024 #TaxFiling #Finance #TaxAlert #FBR

Out now: Dr Sara Closs-Davies FCCA CTA (Alliance Manchester Business School) , Dr Burkinshaw Lynda (Sheffield University Management School) & Professor Jane Frecknall-Hughes (University of Nottingham) examine interaction between HMRC and  vulnerable groups of people in their recent article: Is the HMRC Charter Fit for Purpose? Experiences of Tax Practitioners and Vulnerable Citizens.  #uktax #hmrccharter #taxresearch #britishtaxsystem #hmrc https://lnkd.in/eCWJPS_2

"𝐆𝐨𝐭 𝐚 𝐋𝐞𝐭𝐭𝐞𝐫 𝐟𝐫𝐨𝐦 𝐇𝐌𝐑𝐂 𝐀𝐛𝐨𝐮𝐭 𝐔𝐧𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐈𝐧𝐜𝐨𝐦𝐞? 𝐇𝐞𝐫𝐞’𝐬 𝐖𝐡𝐚𝐭 𝐭𝐨 𝐃𝐨 𝐍𝐞𝐱𝐭!" Have you received a letter from HMRC about undisclosed income? This means HMRC believes you haven't reported all your income or financial gains on your tax returns. It’s important to provide the required information to HMRC within the given deadline to avoid significant penalties. UK TAX POINT’s expertise can reduce your stress and resolve your problems! Contact to learn more: https://uktaxpoint.co.uk/ 020 3039 3389 [email protected] #UndisclosedIncome #HMRC #TaxInvestigation #UnreportedEarnings #FinancialDiscrepancies #TaxCompliance #HiddenIncome #IncomeDeclaration #TaxAudit #IncomeVerification #TaxPenalties #TaxEvasion #IncomeDisclosure #FinancialRecords #TaxLiabilities

Some of our most popular courses include “How to File a Tax Extension” and “Common Tax Penalties and Fines and How to Avoid Them.” Sign up at a discounted rate (only $9.95/month) today. #TaxExperts #taxadvice #taxdeductions #taxcredits #financialplanning #taxseason #savemoney #financialadvice #TaxTipTuesday

Debunking the self assessment myths. There are plenty of myths surrounding the self assessment system in the UK. Who does and doesn't need to file a return, what HMRC will and won't do, when and how to pay are all commonly misunderstood. However, it is important to know your obligations under self assessment and avoid penalties from the tax authority. Here, we take a look at five of the most common self assessment myths https://bit.ly/4eSo81X #SelfAssessmentMyths #UKTax #HMRC #TaxObligations #TaxPenalties #HMRCMyths #TaxFilingTips

Do you live abroad and planning to sell a UK property or land? If so, there will be Capital Gains Tax (CGT) implications on the sale, regardless of profit or loss. HMRC allow you to calculate the gain in 3 ways. Listen to Laura Sant for information on calculating your Non-Resident Capital Gains Tax using the straight-line time apportionment method or the whole gain, whole loss method. LSR Partners LLP are a firm of UK tax advisors with specific expertise in UK tax regulations for those with financial interests both in the UK and abroad. Contact us on +44 330 165 5340, email [email protected] or visit lsrpartners.com. UK tax clarity for global clients - Pay the right tax in the right place at the right time. #expattax #internationaltax #uktax #nonresidentlandlord #hmrc #compliance #rebasing