Tax Tips Newsletter

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23/01/2025

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:

As we enter 2025, we’ve been looking ahead to the accounting trends anticipated this year, and are already getting questions from clients on what will clearly be hot topics:

Remote working – Challenges include tax compliance, time tracking, and synchronising payroll processes. If you have any questions on employer considerations for remote working, please don’t hesitate to ask.
Cloud based accounting software – The global cloud accounting software market is forecasted to grow at a significant rate, which is not surprising as cloud accounting software solutions allow businesses to streamline their processes, enhance visibility, reduce human error and increase productivity through easy integrations. Let us know if you would like to hear our software recommendations.

If you have any other questions on 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...
 
About Us

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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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