Tax Planning Before New Tax Year

Tax Reliefs 2021 - 2022

With the end of the personal tax year on 5 April 2022, there is still time to use unused tax reliefs to optimise the tax position. Clearly adequate funds need to be in place to pay for day-to-day lifestyle and cover the essential outgoings but there are several ways to shield income and savings from tax and allow you to … Read More

Crypto assets – have you received a ‘nudge letter’ from HMRC?

crypto assets

We’re seeing an increase in ‘nudge letters’ sent by HMRC to taxpayers suspected of holding crypto assets. The rise of the nudge letter Under increased powers of access, HMRC now works with a larger number of external organisations, exchanging and receiving information about taxpayers’ financial interests. Letters are being sent to taxpayers believed to hold crypto assets based on data … Read More

Key tax & accounting deadlines to 31 January 2022

tax & accounting deadlines

With Christmas fast approaching and the busy January tax season soon after, here’s a reminder of the approaching tax & accounting deadlines affecting businesses. November 2021 1 November – Deadline for corporation tax payment for accounting period ended 31 January 2021 7 November – VAT returns and payments for quarter ended 30 September 2021 14 November – CTSA quarterly instalments … Read More

Curo featured in Economia magazine

We’re delighted to be featured in this month’s Economia magazine, the official publication of the Institute of Chartered Accountants in England and Wales (ICAEW). The article covers Curo’s early days, issues faced and how the business has expanded over the years. It also explains Curo’s unique approach to accountancy which has led to the firm being recognised as one of … Read More

How to avoid a fake accountant

Accountants are all the same, right? Wrong. Just about anyone who deals with numbers could call themselves an accountant. They don’t have to be trained or qualified in anything or be subject to monitoring from any recognised professional body. Being ‘chartered’ means someone is professionally qualified and includes not only accountants but also surveyors and engineers. Chartered professionals have had … Read More

Landlords in latest tax amnesty

Landlords are the latest in HMRC’s tax amnesty drive. If you own and rent out a residential property, HMRC is urging you to bring your tax affairs up to date before an Inspector knocks on your door. It’s estimated that up to 1.5m landlords are underpaying as much as £500m in tax every year in the UK and this sector … Read More

Employer Bulletin from HMRC

HMRC has this week published a handy ‘Employer Bulletin’ packed full of information to help employers fulfil their tax obligations. The information includes: New helpline numbers RTI top tips Info on pension auto enrolment Tax credits Toolkits to reduce errors plus a range of other useful topics. Curo’s payroll department can assist and advise on your obligations in this area … Read More

Act to retain your child benefit and child tax credits

For those still in receipt of child benefit and/or child tax credits, you may be at risk of losing these amounts unless you correctly notify HMRC of your child’s circumstances. Child benefit stops on the 31st August following a child’s 16th birthday unless they remain in education or training. The same applies to the child tax credit. However, the payments can only continue provided … Read More

Have you notified HMRC of chargeability to income tax?

If you’re chargeable to income tax or capital gains tax for the tax year 2012/13 and NOT already registered for Self Assessment, the deadline for notifying HMRC is 5 October 2013. The correct forms are as follows: CWF1 for self employment SA1 for non self-employed income SA401 for partners If you’d like to discuss your tax position, please get in touch with … Read More

Curo Chartered Accountants now in London

We’re delighted to announce that Curo Chartered Accountants now has a base in central London, making it easier for us to meet with our southern-based clients and contacts. We’re still based in our offices in Bromsgrove and it’s business as usual from all of the team. Curo’s London address is in the heart of Mayfair (map here) and please get … Read More