Big changes are coming in April 2025! The UK is abolishing the Furnished Holiday Lettings (FHL) regime. This means no capital allowances, or special capital gains tax reliefs for FHL properties. Why the change?🔄 LevellingContinue reading

The deadline for National Insurance buy back has been extended until the end of July 2023. This allows you to buy back National Insurance years to 2006. This could potentially boost your pension pot byContinue reading

Xero is an accounting software that allows us to work on a client’s accounts all from one secure place. We are excited to add this to our already wide range of accounting software.

If you became self-employed in the 2021/22 tax year, you need to register for self-employment by the 5th of October 2022. You can do this by following the link below, but if you are strugglingContinue reading

Did you know that if you are married, you could be eligible for a tax savings of up to £252? The marriage allowance means the lower earner can transfer part of their personal allowance toContinue reading

over 45,000 graduates overpaid their student loans in the 2020/21 period because their payments did not stop after the loan had been repaid in full. this equates to around £375 per person. this overpayment canContinue reading

We offer tax returns as a service to our clients at Munro Accounting Services, but if you are submitting your own tax return, these are some points you should keep in mind: The first 3Continue reading

The High Court has ruled that the Uber business model is unlawful due to the business not charging VAT on fares. This means that Uber is now operating the business as opposed to the driversContinue reading

MPs have been found to be challenging large amounts of money from private consulting work through personal service companies, which may have significantly reduced their tax bills. This type of arrangement can help avoid aContinue reading

From the 1st of April 2022, the national minimum wage and living wage will increase. For workers aged 23 and over, this will increase from £8.91 to £9.50. For workers aged between 21 and 22,Continue reading