Tax Tips Newsletter

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12/02/2025

Our Tax Team – Louise, Ian, Rachel (L-R)

Welcome to Davies Tracey’s Tax Tips Newsletter, designed to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and as such, this month’s news and tips include:

Click a link above to read an article, or skip straight to our regular content:

Question & Answer section (click here to send us a question for next time)
Key Tax Dates

January obviously saw our Tax Team at their busiest, with over 850 Self Assessments completed by the end of the month. Now it’s the turn of our Payroll Team, who are offering cost reviews to clients given that Employers’ National Insurance rates are due to increase. If you own a small business and want to know what your costs from April will look like, find out more about payroll cost reviews here.

If you have any questions on topics covered in this newsletter, please give us a call for answers.

We’re here to help – on 01642 606003.

Spring Statement announced: more tax changes to come?

The debates and arguments over the merits or otherwise of some of the tax changes from the Budget have barely settled down, even two months after it happened. Read More...

Millions at risk of fines as Self-Assessment deadline looms

With only days to go until the Self-Assessment Tax Return deadline (at the time of writing), millions of people were still apparently yet to submit theirs and pay up, as warnings were issued over fines for failing to comply. Read More...

Employment Allowance: common errors by businesses revealed

A list of the biggest mistakes and errors made by businesses when claiming Employment Allowance and reporting their Apprenticeship Levy has been revealed. Read More...

Changes for Companies House address rules

Changes have taken effect regarding Companies House rules on the public register. Read More...

February Questions and Answers

Q: I’ve started a new business this year selling my hand-made craft items. At this stage it’s only earning me a relatively modest income. Up until now my profits are just £600 but I do have a big order that is set to earn me £3,500 in the next two months. Read More...

February Key Dates

The deadline to claim a deferral of class 1 NIC for employees with more than one employment. Read More...

About Us

We always appreciate feedback on your experience of our services, so please take a few moments to leave us a Google review by clicking here.

Based in the Tees Valley, supporting clients in the northern region and beyond, our team delivers everything you would expect from first-class accountants. Our services aim to help our business clients to achieve greater profitability, and our individual clients to enjoy greater wealth.

Swan House Westpoint Road Teesdale Business Park Stockton-on-Tees TS17 6BP

Davies Tracey is a trading name of Davies Tracey Limited