Barter Durgan Chartered Accountants

04 Feb 25

Avoiding the last-minute rush: A guide for business owners on preparing next year’s tax return

The annual self-assessment tax return deadline has just passed, and for many business owners, the experience may have been a mad scramble to gather documents, double-check figures, and submit their returns and pay the tax on time. If that was your situation, you were in good company! HM Revenue and…

03 Feb 25

Why you should prioritise tax planning before the tax year ends

As the UK tax year-end approaches on 5 April, it’s an excellent time for you to review your business finances and explore tax planning opportunities, particularly if you are self-employed. Tax planning can help you to reduce tax liabilities, boost your cash flow and put you in a stronger financial…

06 Jan 25

Christmas tax filing: 4,409 people chose Christmas Day to file their tax returns!

HM Revenue and Customs (HMRC) have revealed that 4,409 people chose Christmas Day to file their tax returns, ensuring their 2023-2024 tax affairs were in order well before the 31 January deadline. In total, 40,072 taxpayers submitted their returns over the Christmas break, proving that even amidst the festive cheer,…

10 Dec 24

Be wary of self assessment scams.

A trust is an ideal way for individuals to transfer assets either during life or after their passing. At a basic level, a trust is a separate.

27 Jan 24

Only a few days left to file tax returns

There are only a few days left now to file 2023-24 tax returns before the January 31st deadline. Failing to meet the deadline can result in penalties as well as interest on tax that’s paid late. If you are self-employed and usually complete your own tax return, you may find…