Wem & Co Chartered Accountants

HMRC has announced the total amount paid in tax from cryptocurrency gains in the 2024/2025 tax year.

Since the crackdown on crypto tax, it is more important than ever to understand how tax should be paid on crypto gains.

Want to know more? Check out our latest blog: https://ow.ly/L3WG50ZIa0p

Summer is officially over as the Great British Summer Savings scheme ends.

Did the temporary relief on VAT do enough for businesses?

Read more: https://ow.ly/4yRU50ZHByA

Failing to notify HMRC of a Capital Gains Tax liability can result in a failure to notify penalty.

If you have recently sold shares in a business, it might be worth double-checking if there is tax to pay.

Read more here: https://ow.ly/ckUZ50ZG066

Got a Pikachu worth thousands? Or maybe you have landed on a stock that can make you a millionaire?

Before you sell them on, you need to be aware of the Capital Gains Tax implications associated with selling for a profit.

Want to know more? Check out our latest blog: https://ow.ly/wL1A50ZFwNl

Understanding the expectations of clients and customers is vital for keeping your business growing.

Is automatic tipping making it harder for businesses to manage these relationships?

Read more: https://ow.ly/kmGQ50ZF463

If your side hustle is picking up momentum and you are set to start paying tax, should you choose a sole trader or limited company structure?

With different tax implications, each structure can benefit different situations.

Read more here: https://ow.ly/PyiL50ZBPEx

HMRC has announced plans to automatically enroll sole traders and landlords earning over £50,000 into MTD after only around half of eligible taxpayers have completed their first quarterly filing.

The automatic enrolment process is set to begin in September, meaning there is now even more reason to make sure you are registered if you have not already done so.

Want to know more? Read our latest blog: https://ow.ly/hW6950ZBmvE

Location, sector and business size are increasingly causing a gap in hiring and paying power between businesses.

How can businesses endure the fluctuating economic conditions and get the team they need?

Read more: https://ow.ly/r1Gg50ZAN5P

The Great British Summer Saving Scheme is ending soon

VAT will return to 20% for affected services on 1 September.

Ensure your business is set for the upcoming changes.

Contact us for advice today.

HMRC is updating the Advisory Fuel Rates for company car users from 1 September - https://ow.ly/4QEi50ZzOkc

Stay up to date so your employees are reimbursed fairly.

Need advice? Contact us today.