Posts Categorized: Blog

New Plastic Packaging Tax 2022

20,000 UK Businesses Liable for New Plastic Packaging Tax 2022: Start Preparing Now The Plastic Packaging Tax is a new tax set to be introduced in April 2022 Businesses to be taxed on plastic packaging that doesn’t contain 30% recycled plastic Adjust your business practices now to avoid being hit What is the Plastic Packaging… Read more »

New UK VAT Penalties Revision 2022

‘Overly Complex’ New UK VAT Penalties Revision to Hit UK Businesses Next Year HMRC will enforce a new points-based penalty system for VAT and ITSA from 2022 The system aims to be ‘simple, fair and effective but could be ‘overly complex,’ the ICAEW warns Soften the impact by getting to grips with the changes as… Read more »

6 Money-saving tips by a Tax Expert

Money-saving tips by a Tax Expert. Tax Expert is the brainchild of Ilyas Patel, one of the UK’s most well-known entrepreneurial tax advisors. Over the years, his expertise at handling a diverse array of complicated tax issues have benefited countless clients. Through Tax Expert, he hopes to continue delivering high-quality solutions to clients with a… Read more »

Four quick tips for filing your tax return close to the deadline>>

1. Get your paperwork in order It’s one of the main reasons people leave their tax returns to the last minute: not keeping their records organised during the preceding 12 months. The fundamentals, though, boil down to just two things. You’ll first need details of any untaxed income from the 2019/20 financial year (so any… Read more »

We’re Moving!

We’re pleased to announce that as of Monday the 12th October 2020 we will be moving to our new office! After many years at 34, Watling Street Road, our continued growth means that we need an office which can accommodate our future potential. Our new address is: Soloman House Belgrave Court Fulwood Preston PR2 9PL… Read more »

Why you need the Tax Expert for R&D Tax Credits

In May 2020 the case of AHK Recruitment v HMRC finally came to a close. This case has big implications in the world of Research and Development (R&D) Tax Credits. In this case the Tribunal upheld the decision from HMRC that the R&D was not eligible for tax credits, but why? The case came down… Read more »

Tax Expert Earns First Review on Clutch!

Accounting and financial paperwork for a company can be an additional hassle. However, with proper tax keeping and finance practices, companies can focus on maximizing their quantified sales and revenue in a highly efficient manner.    We want our clients to reach their full potential, and for them to do that, we are here to… Read more »

Inheritance Matters …. IHT

Plan to legally save £100,000s on your estate … Inheritance Tax can cost loved ones hundreds of thousands in the event of your death, yet it’s possible to legally avoid huge swathes of it, or possibly pay none at all. The super-rich rarely pay IHT. Increasingly, the burden has fallen on the middle classes –… Read more »

Main Reason Individuals Set Up Trusts

One of the well-known reasons why settlors set up a trust is to make use of the nil rate band which allows them to transfer assets up to the Inheritance Tax threshold of £325,000 tax free if they survived for seven years. However, many believe that this is not the only reason why they set… Read more »