For business owners in the UK, mastering Corporation Tax is more than a legal necessity—it’s a strategic asset... The post How to Reduce Corporation Tax appeared first on Kirkwood ..read more

For most people, the letters ‘HMRC’ fill them with dread and anxiety. This is largely because when it... The post Decoding a List of Tax Codes and What They Mean appeared first on Kirkwood ..read more

At Christmas, we all know it’s a time for giving, though it’s important to know where HM Revenue... The post Tax at Christmas, what you need to know appeared first on Kirkwood ..read more

Covid-19 has changed many aspects of life, including your taxes. In light of these changes, HMRC is reminding... The post What you need to know post-Covid tax relief & returns appeared first on Kirkwood ..read more

Here at Kirkwood Wilson, we know that times are tough and they are likely to remain challenging for... The post Autumn Statement: Business strategy examples in challenging times appeared first on Kirkwood ..read more

Since the mini-budget announcement on Friday 23 September 2022, former Prime Minister Liz Truss’ government policy outlining key... The post What are economic impacts: Fiscal U-turn appeared first on Kirkwood ..read more

HMRC scam calls are on the rise and self-assessment customers in particular are warned to be vigilant. HMRC... The post HMRC Scam Calls appeared first on Kirkwood ..read more

HMRC has seen a growing trend in customers submitting their Self Assessment returns early. In the last five... The post Submitting your Self Assessment return early appeared first on Kirkwood ..read more

For many in the UK, the past couple of years have been a struggle financially. With energy bills... The post How to cope with the rising cost of living appeared first on Kirkwood ..read more

With Christmas on its way, we all know it’s a time for giving, though it’s important to know where HMRC stands on gifts for staff. When you are planning Christmas at work, the first temptation may be to get everything sorted quickly. However, there may be some tax implications that you need to keep in mind.  If you spend over a certain amount on gifts, you may end up needing to pay National Insurance and tax. You could also face penalties if you do not declare anything taxable. Read on to find out ‘can a Christmas bonus be tax-free’ and how to choose your gifts for staff while complying w ..read more