All you need to know about Second Job Tax

With finances and paying our tax being harder than normal the past few years, some of us have had to take on second jobs to help pay the bills. About 1.18 million of us in the UK have a second Job and it is always increasing. So what happens to our taxes when we...

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second job tax makinsons blog august 2021

Useful Financial Tips for Couples

Everyone has their own particular way of managing their finances. This is why it can often be an issue when new couples come together with their finances to try and make it work. It can be difficult to know where to start when it comes to managing both of your...

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Helpful Budgeting Tips

It can be difficult to keep track of your outgoings, especially when you lead a busy lifestyle. Losing track of your spending often leaves many feeling out of control and concerned. This is when it becomes important to budget. Not only does budgeting allow you to...

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Makinsons Blog Header June 2021 Budget Tips

Useful Online Finance Calculators

There are a great variety of useful online finance calculators available to help you understand your finances. Whether you are looking to work out your capital gains tax, inheritance tax or income tax – there is a finance calculator out there for you. It is...

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HMRC : Warning of new phishing campaigns.

HMRC have recently released an update warning the general public about new phishing campaigns. They have shared examples demonstrating how these scams work and have provided appropriate information explaining why they are illegitimate and how to report phishing...

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Makinsons HMRC Phishing Scams Blog April 2021

HMRC: New scheme for 2020 VAT deferrals

The announcement of the VAT Deferral New Payment Scheme will be a relief for many businesses. Here’s a look at what it is and what it means for you and your business. The pandemic affected most businesses last year. Due to this the UK Government announced a scheme...

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HMRC: New scheme for 2020 VAT deferrals

Eat out to help out

The world has started to open up, which has seen restaurants re-opening; our hungry bellies rejoice! With restaurants facing hard times throughout the coronavirus pandemic, the government have launched the ‘Eat Out to Help Out’ scheme. What does it involve? As it...

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Working safely during coronavirus

Guidance to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic. The government, in consultation with industry, has produced guidance to help ensure workplaces are as safe as possible. These 8 guides cover a...

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May Update Blog

10 Fun Facts About Accountancy

I regret that there is some stigma surrounding my profession in that is thought by some people to be boring.  I’m here to tell you that is far from the truth and I have some fun facts to help prove my case: The word ‘accounting’ comes from the French...

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MTD For VAT Compatible Software

As you may be aware, HRMC are moving towards all tax returns becoming digital.  They are calling the scheme Making Tax Digital and the first step concerns VAT. From 1st April 2019 all businesses with sales over the VAT threshold which are registered for...

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January Blog

Countdown To Self-Assessment Deadline!

It is that time of year again and the deadline for filing your tax return is looming – if you are unsure it is 31st January. So do you need to file a tax return?  You do if, during the last tax year (6th April 2018 to 5th April 2019), you...

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January Blog