• Changes to tax relief claims for employment related expenses | Whyfield Accountants in Truro, Cornwall

    Changes to Tax Relief Claims

    Changes to tax relief claims for employment-related expenses along with the evidence that now needs to be supplied to support their claim.

    Tax
    Published 14.11.24
  • Capital Gains Tax 60 day pay and fine for residential properties | Whyfield accountants in Truro

    Selling Property? Get to know the 60-Day Capital Gains Tax Rule

    Anyone selling residential property must report and pay any Capital Gains Tax within 60 days, with strict penalties for late filing—read on to find out how to stay compliant.

    Tax
    Published 03.10.24
  • Key tax changes for Furnished Holiday Lets (FHL) effective from April 2025 | Whyfield accountants in Truro

    Upcoming Furnished Holiday Let (FHL) tax changes

    Key updates that property owners of FHLs need to know, ahead of 6th April 2025, affecting areas such as tax relief on loan interest, pension contributions, capital allowances, and more.

    Tax
    Published 24.09.24
  • Spring Budget 2024 from the Chancellor of the Exchequer | An easy-read guide from Whyfield Accountants in Cornwall

    Spring Budget 2024

    Read our breakdown of the Chancellor’s Spring Budget for 2024. This is what we know so far…

    Tax
    Published 06.03.24
  • National Insurance reduction information | Whyfield Accountants | Truro, Cornwall

    Employees will now be paying less tax!

    The Chancellor’s recent National Insurance cut is now in place. But how will it impact your pay packet? While the 2p reduction brings immediate savings, we hear from experts to highlight considerations regarding frozen tax thresholds.

    Tax
    Published 05.01.24
  • Trading Allowance for hobbies and side hustles | Whyfield Accountants in Cornwall

    Trading Allowance for selling second hand and handmade

    It’s the beginning of the new year, and you’ve decided to finally declutter your wardrobe by selling some pre-loved pieces on platforms like Depop, Vinted and eBay. Do you need to pay tax on that?

    Tax
    Published 03.01.24
  • Xero Certified Accountants | Whyfield

    The Advantages of Working with a Xero Certified Accountant

    By undertaking cloud accounting software training, you can ensure you are maximising your return on the investment of a digital system.

    Tax
    Published 23.09.23
  • VAT Returns Made Easy | Processes & Deadlines | Whyfield

    VAT Returns made easy: understanding the process and deadlines

    If you have your own business, then you will need to consider whether the VAT rules and regulations apply to you and the service or products you supply.

    Tax
    Published 13.07.23
  • Double Tax Treaty | Whyfield

    Double Tax Treaty

    We hear from John Riseborough, Tax Advisor for Croner-I, as he answers a question about the Double Tax Treaty. And we answer What is the ‘Double Tax Treaty’?

    Tax
    Published 02.05.23
  • Corporation Tax Increase UK | Whyfield

    The Corporation Tax increase

    From 1st April 2023, the main rate of Corporation Tax will increase by 6%, from 19% to 25%.
    This rate increase has been on the cards for some time, having first been announced in 2021’s Spring Budget.

    Budget
    Published 30.03.23
  • Spring Budget breakdown | Whyfield

    Spring Budget 2023

    Today we heard from the Chancellor who delivered his first budget and here’s what we know so far…

    Tax
    Published 15.03.23
  • Radical changes for late vat payments | Whyfield accountants in Truro, Cornwall

    Radical Changes to Late VAT payments

    A new penalty regime has been introduced by HMRC for late VAT payments. We run through the finer details here.

    Tax
    Published 15.02.23
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