Ultra Tax Ltd - Blog Posts

A Quick Guide to the National Minimum Wage in the UK Let’s talk about a topic that’s got everyone checking their payslips – the National...

Are you lying awake at night wondering if your business finances are truly in order? Or perhaps you're tired of sending emails into the...

Self-Assessment is the system used by HM Revenue & Customs (HMRC) to collect Income Tax in the UK. If you receive income that isn’t...

Cryptocurrency trading has grown rapidly, with more people investing, trading, and earning through digital assets. However, as crypto...

Value Added Tax (VAT) is a crucial part of the UK’s tax system. Whether you’re a business owner or a consumer, understanding VAT can help...

What Are Debtors? Debtors are individuals, businesses, or other entities that owe money to another party. This financial obligation...

Ultra Tax Ltd has always been more than just an accountancy firm—we’re a movement reshaping how businesses experience financial...

The Simple Assessment tax bill  is a system introduced by HM Revenue and Customs (HMRC)  in the UK to streamline tax payments for...

Running your business from home  is an increasingly popular choice for entrepreneurs and small business owners. Not only does it reduce...

The Shift in Expectations for Accountants For years, accountants have been seen as necessary but, let’s face it, not particularly...

As an employer, it is your legal obligation to inform HMRC when an employee leaves or retires, ensuring that the correct tax and National...

Dividends are an important source of income for business owners and investors, and understanding the dividend tax rates for 2023/24  is...

Dividends are a tax-efficient way for company shareholders to receive income. If you own a limited company or hold shares in a business,...

As a high earner in the UK, managing your tax liability becomes increasingly important as your income crosses key thresholds like...

Introduction to Tax Codes in the UK Tax codes are a crucial part of the UK's tax system, used by HM Revenue and Customs (HMRC) to...

When it comes to claiming a tax rebate, knowing what expenses you can include is key to ensuring you receive the maximum refund you're...

In the UK, the tax return represents a crucial document, typically known as the Self-Assessment tax return, which must be completed and...

IR35 can feel like a maze of rules and regulations. If you're working as a contractor or self-employed, you might’ve heard about it, but...

Tax codes can often seem confusing, especially when you're trying to understand how they affect your income and the amount of tax you...

If you’ve paid too much tax in previous years and never claimed a refund, you may still be eligible to get that money back from HMRC....