Tax Tips Newsletter

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30/12/2024

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:

December means all things Christmas (pass those mince pies!) and for some of our clients, whose business is seasonal, it means they’ll undergo their busiest time. So we’re taking the opportunity of this newsletter to remind you what is necessary for employees on temporary contracts. Seasonal or temporary staff might be eligible for automatic enrolment into a workplace pension, even if they work variable hours/pay, and/or only for a few days. It’s down to you as the employer to check if they do qualify, and employers who fail to comply risk being fined. More on this here.

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

We’re here to help – on 01642 606003.
Tax changes to progress to law in the new year
The 2024-25 Finance Bill is on course to complete in the new year. This will enact the many tax measures announced in the Autumn Budget into law. Read More...
 
Self-Assessment scammers warning as January deadline nears
It's sadly become all too common a trend in recent times, that the Self-Assessment Tax Returns deadline has become a time for criminals to exploit and target. Read More...
 
Treasury coffers swell from IHT bills - even before imminent reforms set in
Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget. Read More...
 
Stamp Duty tax receipt trends revealed in new reports
Among the changes we saw at Budget 2024 related to Stamp Duty - the tax you pay when you buy a new property. Read More...
 
January Questions and Answers
Q: I use various online marketplaces to sell my unwanted items - from clothes to old phones and various other things. Read More...
 
January Key Dates
19 January: For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you’ll owe HMRC Read More...
 
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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.
 
 

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