Tag Archives: tax

Colin Murray – Embracing the Next Chapter!

Colin Murray – Embracing the Next Chapter! After 11 years of service to Moorgate and many more to the wider tax and accounting community, it is with heartfelt appreciation and thanks that we wave off Colin, to start the exciting next chapter in his life. With a remarkable career spanning 54 years, Colin’s exceptional professionalism, […]

Why should I file my Self Assessment tax return Early?

Why Should I File My Self-Assessment Tax Return Early? You don’t have to wait until January to file your Self Assessment tax return – as soon as the tax year ends, you can submit your tax return at a time that suits you. Did you know that more than 77,500 customers submitted their 2022/23 tax […]

Claiming Tax Relief on Expenses

Can I claim tax relief on expenses I incur for work?

How Do I Claim Tax Relief on Expenses I Incur for My Job? You might be able to claim tax relief if• you use your own money for things that you must buy for your job • you only use these things for your work You cannot claim tax relief if your employer either gives […]

Dealing with your Tax on Overseas Income

Returns for overseas income - Moorgates

Tax Returns for Overseas Income If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is. This is a very complex area of tax regulation, and the rules that […]

Self Assessment Tax

Why Should I Use An Accountant To Do My Self-Assessment Tax Return? Let’s be honest, no-one really wants to fill out their self-assessment tax return themselves. It’s a boring job that you do because you have to. And most likely, you put it off until the very last day possible before the 31st January deadline. […]

How Do I Pay Myself as a Director of My Own Limited Company?

Congratulations! As a Director of your own limited company you’re going places. Hopefully you’ve also earned some money and now you’re wondering, how you pay yourself? As a business owner and a Director of a Limited company you have options. Get Paid via PAYE or Payroll This is probably the easiest option available to you […]

What Is Payroll and Why Should I Outsource It?

Payroll is the process by which a business pays it employees. It covers keeping records of payments, paying taxes to HMRC on behalf of the employees and distributing money. It makes sure payments to employees are accurate and ensures that the correct statutory deductions have been made from their salaries. Payroll is a key area […]

How much Tax is there to pay on a ‘Cash Gift’?

How much Tax is there to pay on a ‘Cash Gift’? We received a call today from a prospective client asking us whether there would be any tax to pay by either him or the recipients of cash gifts he wanted to make. He had called 10 other accountants before us for advice: 7 of […]