Income Tax – Acumeus

May 13, 2025
By Mital Patel
Income Tax

What Does Making Tax Digital (MTD) Mean for the Self-Employed and Landlords?

You may have heard the term “Making Tax Digital” (MTD) and wondered what it means and how it affects you if you are a self-employed (sole trader) or a landlord. In this blog, we’ll explain MTD in simple terms, why it’s happening, and what you need to do to stay compliant. What is Making Tax […]

February 23, 2025
By Mital Patel
Capital Gains Tax, Corporation Tax, IHT, Income Tax

Pre-Year-End Tax Planning : Strategies to Optimise Your Tax Position

As the tax year approaches its end on 5 April 2025, it’s the perfect time to review your tax position and take proactive steps to minimise your tax liability. Proper tax planning can help individuals and businesses save money while ensuring compliance with tax regulations. Here are some effective pre-year-end tax planning strategies to consider. […]

August 27, 2024
By Mital Patel
Income Tax

Will Paying Voluntary National Insurance Contributions (NICs) Boost Your Pension?

When it comes to planning for retirement, one of the key components is understanding how your State Pension will be calculated. Many people are surprised to learn that the amount they receive in their State Pension is directly linked to their National Insurance contributions (NICs). In some cases, you might have gaps in your NIC […]

August 15, 2024
By Mital Patel
Income Tax

The Benefits of Filing Your Self-Assessment Tax Return Early

Filing your self-assessment tax return may not be the most exciting task, but it’s one of those important responsibilities that can have a big impact on your finances. Every year, millions of people in the UK are required to submit their tax returns. While the deadline usually looms on 31 January, there are some excellent […]

August 6, 2024
By Mital Patel
Income Tax

Personal Tax Planning Strategies for Higher Rate Taxpayers

As the end of the 2024/25 tax year approaches on 5 April 2025, it’s crucial for higher rate taxpayers to take a proactive approach to personal tax planning. Higher rate taxpayers – those earning between £50,270 and £125,140 – face a tax rate of 40% on income over the basic rate threshold. Effective tax planning […]

June 8, 2024
By Mital Patel
Income Tax

Tax Relief Options for Dental Associates

Whether your business trades as a limited company, partnership or as a self-employed, understanding and utilising available tax relief options can significantly reduce your tax burden and boost your financial health. Tax relief means getting deductions and allowances from HM Revenue and Customs (HMRC) to lower your overall tax bill.