Premier Accounts Blog
Stay up-to-date with Premier Accounts and industry news
Stay up-to-date with Premier Accounts and industry news
by | Feb 6, 2025 | HMRC notices
Umbrella companies offer an easy way for freelancers and contractors to get paid without running a limited company. They handle payroll and tax via PAYE, ensuring compliance and employment rights. But
by | Feb 6, 2025 | Pension
Private pensions can be a great way to pass on wealth, but tax implications depend on the age of the deceased and the type of pension. Some beneficiaries may receive funds tax-free, while others could
by | Feb 6, 2025 | Inheritance Tax
When someone dies, their personal representative (executor or administrator) must value their estate to determine if Inheritance Tax (IHT) is due. This involves assessing assets, debts, and handling
by | Feb 4, 2025 | Tax Diary
1 March 2025 – Due date for Corporation Tax due for the year ended 31 May 2024.
2 March 2025 – Self-Assessment tax for 2023-24 paid after this date will incur a 5% surcharge unless liabilities are
by | Feb 3, 2025 | Business Support
Expanding into international markets can be a game-changer for UK small businesses, opening up new revenue streams and increasing business resilience. With the right knowledge and support, even small
by | Feb 3, 2025 | Business Support
Cash flow is the backbone of any small business, yet late payments continue to be a major challenge for entrepreneurs across the UK. According to the Federation of Small Businesses (FSB), around
by | Jan 30, 2025 | Personal
From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers across the UK. Whether you’re on Plan 1, Plan 2, Plan 4, or repaying a postgraduate loan, here’s a
by | Jan 30, 2025 | Customs Duties
If you are moving goods across borders, an EORI number may be essential for customs clearance. Whether trading with the EU, Northern Ireland, or beyond, knowing which type you need—GB, XI, or
by | Jan 30, 2025 | Income Tax
Your tax code determines how much tax is deducted from your pay. While 1257L is the most common, different letters and numbers can affect how much you owe. From marriage allowance to emergency codes,
by | Jan 30, 2025 | Income Tax
From 6 April 2025, the remittance basis of taxation will be scrapped in favour of a residence-based system. A new 4-year Foreign Income and Gains regime offers tax relief for new arrivals, while