Aakash Kumbhat’s Post

Tax Notice Under Section 148 could be on its way if your income wasn't fully assessed. Learn what this means and how to respond before the August 31, 2024 deadline. https://lnkd.in/gmnCcd-u . . . #TaxNotice #Section148 #IncomeTax #TaxReassessment #Finance #TaxCompliance #TaxUpdate #ITR2024 #TaxLaw #AugustDeadline

Are you aware of HMRC’s new 'Advanced Notification Form' (ANF) requirement? The ANF must be sent to HMRC within six months following a company's financial year-end, a significant decrease from the previous 24-month deadline. Matt Timby has come across several cases where accountants are not aware of this change and have been left in a sticky situation when their client can't claim R&D tax relief for the last year... Don't get caught out! Read Matt's advice on staying ahead here: https://lnkd.in/eTzT4qVp #RandDTax #RDTax #UKAccountants #ResearchandDevelopment #AdvancedNotificationForm 

🚨 Important Notice: Last Call for Filing Belated/Revised Income Tax Returns for AY 2024-25 🚨 Attention all taxpayers! The deadline to file belated or revised Income Tax Returns (ITR) for the Assessment Year 2024-25 is fast approaching. 📅 Deadline: December 31, 2024 If you missed the original filing deadline or need to correct any errors in your return, make sure to file before this date. Please note that this is applicable only if the assessment has not been completed before December 31, 2024. 📞 Need help with filing? Don’t hesitate to reach out for guidance and support. #IncomeTax #ITR #TaxReturns #BelatedReturn #RevisedReturn #TaxCompliance #AssessmentYear2024 #TaxDeadline #Finance #Taxation

#UKaccountants are you aware of this and are you discussing this with your #clients - #HMRC's new Advanced Notification Form for R&D If you are unsure on the #researchanddevelopment tax credit rules, then get in touch with randd - R&D Tax Credits Experts #accountants #bestadvice Kyle Brady Matt Timby

Why you should avoid filing Income tax before 15 June 2024!! The income tax department has rolled out the tax filing portal for the assessment year 2023-24, with a deadline of 31st July 2024 approaching. While filing early seems efficient, rushing might lead to potential risks due to incomplete information in your annual income statements (AIS) and TDS Data. Here’s why you should hold off: -Important tax data like TDS and SFT is updated until June 15th or later, causing discrepancies when filing early -Salaried individuals should wait for Form16 from employers to reconcile with Form 26AS and AIS -Keep these considerations in mind to avoid future complications and ensure accurate tax filings we recommend filling should done after 15 June 2024 It's crucial to be patient and wait for updated data before proceeding with your tax filing strategy. 💼💡 #TaxFiling #IncomeTax #FinancialAdvice #StayCautious https://lnkd.in/dFk77pbK

🚗 Double-Cab Pickup (DCPU) Tax Changes: What You Need to Know! 🚗 As of 6 April 2025, double-cab pickups with a payload of one tonne or more will be treated as cars for tax purposes—impacting capital allowances and benefit-in-kind rates. If you purchase or lease one before this date, you can still get tax deductions, but what about VAT? Currently, there’s uncertainty whether VAT treatment will follow the new tax rules. It's crucial to stay ahead of these changes. Need clarity on tax treatment? Let Gowin Accounting Services guide you through the new rules and maximize your tax savings! 💼💡 https://buff.ly/3YZ7lVR 01256 578106 #accountingservices #accounting #bookkeeping #accountant #smallbusiness #taxes #tax #bookkeepingservices #business #accountingtips #finance #accountingfirm #bookkeeper #taxseason #accountants #entrepreneur #accountinglife source: https://buff.ly/49vUca2

🚨 Important Notice: Last Call for Filing Belated/Revised Income Tax Returns for AY 2024-25 🚨 Attention all taxpayers! The deadline to file belated or revised Income Tax Returns (ITR) for the Assessment Year 2024-25 is fast approaching. 📅 Deadline: December 31, 2024 If you missed the original filing deadline or need to correct any errors in your return, make sure to file before this date. Please note that this is applicable only if the assessment has not been completed before December 31, 2024. 📞 Need help with filing? Don’t hesitate to reach out for guidance and support. #Trispectadvisors #Trispect #IncomeTax #ITR #TaxReturns #BelatedReturn #RevisedReturn #TaxCompliance #AssessmentYear2024 #TaxDeadline #Finance #Taxation

Filing #Income #Tax #Return for FY 2023-24: Which is the #correct Income Tax Return #form for #salaried #taxpayers – ITR-1 or ITR-2? #Find out – #Agency Filing of #ITR for FY 2023-24: He Income tax return The #filing deadline for fiscal year 2023-24 is approaching and, if you're a salaried taxpayer You still wonder which one is the right one #ITR form If you want to use this year's tax return form, we've got you https://lnkd.in/dkN4VcmU #FilingofITRforFY #incometaxreturn #ITRform #ITR1 #ITR2 #salariedtaxpayer

https://lnkd.in/gSzMQZQ5 What is 1040 tax form? The 1040 tax form is the standard individual income tax return form used by taxpayers in the United States to report their annual income and calculate their tax liability. It is issued by the Internal Revenue Service (IRS) and is used to report various types of income, deductions, credits, and other financial information that may affect a taxpayer's tax liability. The form allows taxpayers to declare their income sources, claim deductions and credits, and calculate the amount of tax they owe or the refund they are entitled to receive. #1099contractor #1099s #smallbusiness #smallbusinessowners #profitandloss #balancesheet #cashflow #bookkeeper #propertyconsultant #propertyconsultancy #bookkeeping #accounting #cloudbookkeeping #cloudcomputing #reconciliation #incomestatement

🎄 12 Days of Tax Tips! 🎄 #8 – Spread Your Tax Bill with HMRC's Time to Pay Facility! Don’t stress over a lump-sum tax payment! HMRC’s Time to Pay facility lets you spread your tax bill into 12 monthly payments if you owe less than £30,000. It’s a great way to manage your finances and avoid a big upfront cost, but remember, interest applies after February 2024. Make sure to set it up within 60 days of your tax deadline. Take the pressure off your holiday budget and give yourself peace of mind! 🎅✨ #charteredaccountant #tax #accounting #finance #bookkeeping #accountingtips #taxdeadlines #selfassessment #taxtips #12DaysOfTaxTips #TaxPlanning #FinancialWellbeing