Zero One Consultants

25/10/2023

Last date to file your tax return 31/01/2024, please do so before 15/12/2023.
Just to be on the safe side

26/04/2022

Claim Your PAYE Expenses, if you are using your own car, sharing with your colleagues for work, travelling for work ideally community workers providing care facility to elderly, other community services, using your own equipment's and other tools, making phone calls, paying your professional and trade subscription and expenses.

18/03/2022

18/03/2022

22/07/2021

All of you might have heard about the phone calls trying to trap you in by saying
1. You won a lottery
2. Click here to collect your reward
3. Send us so and so admin charges and we send you your reward
4. You have been the victim of a fraud
5. Your national insurance number has been suspended
6. We are from HM Revenue & Customs (HMRC)
7. We are sending someone to grab you and put you in jail if you don’t pay this in cash to our representative/officer
And the list goes on with an unlimited number of silly threats. We at Zero One Consultants, you must remember HM Revenue & Customs (HMRC) or any other Government Agencies do not pay us to defend them, must advise you when you receive such a stupid call or a message threatening just ignore them don’t argue with them or lose your temperament with them.
If you want to make sure, is this right or wrong, ask them to send you a letter, not even an email then go to your accountant or solicitor if you feel its genuine or wish to investigate any irregularities in your financial or monetary affairs.
Zero One Consultants must stress you not to share any confidential details with them either.
1. Your full name
2. Date of birth
3. Address
4. National insurance number
5. UTR
6. Bank details
7. Or any other details the caller ask
And the most important thing is not to pay them any penny, your hard-earned penny. If you are too worried go to your accountant or solicitor or any qualified and regulated accountants for help.
Must Remember 99.99% of these calls are fake, the ones that are genuine will send you the letter or agree to send you the letter then must go and speak to a solicitor or any qualified and regulated accountants for help. This is not how HM Revenue & Customs (HMRC) or any Govt Agency or Organisation works.

19/03/2021

The most recent figures from the department for work and pensions show that there are now around 6 million people across the UK claiming universal credit.
The benefits payment is intended to help those out of work or on a low income with the cost of daily living.
there are changes coming in April which will see an increase of 0.5 percentage across all department for work and pensions delivered benefits including universal credit.
The rising payments also affect additional elements including childcarer and work capability due to claimants receiving the benefit.

19/03/2021

HMRC is encouraging married couples and people in civil partnerships across the UK to sign up for a tax break before the financial year ends on April 5
marriage allowance offers individuals the chance to transfer part of their personal allowance to their husband-wife or civil partner which could reduce their tax by up to £250 a year.

23/02/2021

For Business & Tax related guidance

You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:

23/02/2021

Corporation Tax

Chancellor to increase the Corporation Tax to 24% from 19%, a stingy hike of 5%. All of us understand the Govt's burden to pay the debt of Covid-19, but it is also the responsibility of the Govt to keep the business going by not putting too much tax burden on them. If the business lives and survives today or tomorrow, they will pay off the debt, but if the business will not survive, then who is going to pay the debt?

Reconsider the rise in TAX, and business is already paying a lot.

Rishi Sunak eyes increasing corporation tax to from 19% to 24% in November Budget in move which dismays small business groups.

23/02/2021

Marriage Allowance

Marriage Allowance lets you transfer £1,250 of your Personal Allowance to your husband, wife or civil partner. This reduces their tax by up to £250 in the tax year (6 April to 5 April the next year).

Do not be a victim of the Marriage Allowance Scam.
You can Backdate as well to get some money back from HM Revenue & Customs (HMRC)
It is simple and straight forward. You do not need anyone to deal with it but HM Revenue & Customs (HMRC). Ring them and tell them you are giving your allowance to your partner or taking allowance from your partner.

Telephone:
0300 200 3300
Outside the UK:
+44 135 535 9022

If you are confident enough, then do it online.

You can also find out information in:
• the official HMRC app

• your Personal tax account or Business tax account using HMRC online services

Marriage Allowance allows you to transfer some of your Personal Allowance to your husband, wife or civil partner: what you get and how to apply for free.

10/02/2021

HMRC warning: IR35 tax changes set to harm the self-employed - what do you need to know?

it may or may not be good for HMRC but it will certainly not be good at this time due to the high level of Uncertainties in the economy. May result in catastrophe but we just have to see that bridge before we cross that bridge.

IR35 does not mean the limited companies to be blanket ban but it does mean that the client/contractor/ the prospective deemed employee has to be evaluated for his work status.
https://www.gov.uk/guidance/understanding-off-payroll-working-ir35

Off-payroll working rules for clients, workers (contractors) and their intermediaries.