Pennington Williams’ Post

Were you a festive filer? 🗄📨 More than 40,000 taxpayers completed their self assessment returns over the Christmas break, according to figures from HMRC. On Christmas Day 4,400 people filed their tax return online while almost 12,000 submitted their tax return on Boxing Day. Christmas Eve was the busiest day for returns over the festive period with 23,731 filing their returns. Then numbers were released by the tax authority as it continues to encourage taxpayers to prepare and file their tax return ahead of the deadline on 31 January 2025. Did you get yours submitted over the Christmas break? There's still a couple of weeks till the deadline, we're here if you need any last minute help or advice. #selfassessmenttaxreturn #ukbusinessowner #selfassessment2025

More than 40,000 taxpayers completed their self assessment returns over the Christmas break, according to figures from HMRC. On Christmas Day, 4,400 people filed their tax return online while almost 12,000 submitted their tax return on Boxing Day. Christmas Eve was the busiest day for returns over the festive period with 23,731 filing their returns. Make sure you prepare and file your tax return ahead of the deadline on 31st January 2025! Go to GOV.UK and search ‘self assessment’ to get started today. #taxreturns #taxes

More than 40,000 taxpayers completed their self assessment returns over the Christmas break, according to figures from HMRC. On Christmas Day, 4,400 people filed their tax return online, while almost 12,000 submitted their tax return on Boxing Day. https://bit.ly/4fL1UhR

Limitations on tax benefits are like the bouncers at a club: they're there to protect the financial crowd from getting too rowdy. These limitations come in various flavors, like a buffet of tax restrictions. Imagine a generous spread capped by a sign that says, “No more than three helpings!” This could be a temporary exemption, like a limited time offer. But we’re talking tax here, not the latest burger at your favorite fast-food joint. You may also encounter ceilings on tax relief, which can feel like a game of limbo. These ceilings can restrict how much relief you can snag, whether that's a flat maximum or a percentage cap that leaves you wondering if the Taxman took a few too many dance lessons. So, while the idea of tax benefits is appealing, the limitations keep things interesting, ensuring that no one gets too carried away with the party!

🚨 Don't forget!🚨 The clock is ticking for our monthly declarations and payments of essential taxes and levies. ⏰ Mark your calendars for Wednesday, May 15th, 2024, to ensure timely compliance with wage tax, AOV/AWW, AZV, BBO, BAVP, BAZV, tourist levy, environmental levy, and gaming license obligations. Stay ahead and keep your business running smoothly! 💼💰 #TaxDeadline #GrantThorntonAruba #StayCompliant

📅 Over 92,000 Tax Returns Filed During the Festive Break As the 31 January self-assessment deadline approaches, many used their Christmas and New Year holidays to tick off their tax returns! 🎄 Christmas Filing Stats 🔸 Christmas Eve: 23,731 returns filed (peak: 1,108 between 11 a.m. and midday). 🔸 Christmas Day: 4,409 returns submitted (368 during festive lunch hour, 3–4 p.m.). 🔸 Boxing Day: 11,932 forms completed (highest: 1,108 from 4–5 p.m.). Read more 👉 https://buff.ly/4fO1Y0s Have you filed your tax return yet? ⏳

Many people are surprised to learn that they need to file a tax return, especially if they pay income tax through PAYE. With the deadline to notify HM Revenue & Customs looming, we explain who needs to file a return. Read blog by Chloe G. here: https://bit.ly/3MIZxA9

Furnished Holiday lets and the upcoming changes. On 29 July, the new government confirmed their intention to scrap tax reliefs associated with Furnished Holiday Lets (FHLs) with effect from 6 April 2025. If you own an FHL, it is crucial you review your plans and ensure you understand what this change means for you. Check out my blog post https://wix.to/2AQxvhQ #newblogpost

🎶 Union Dues: What You Need to Know for Tax Season Are you paying union dues to SAG-AFTRA, Actors' Equity, or another entertainment union? These dues can significantly impact your tax filings. Both basic membership dues and working dues are fully deductible, but you need to maintain records for each to claim these deductions. Learn more about what’s deductible and ensure you’re prepared when tax season rolls around. https://ow.ly/WpXS50UEuHO Let’s discuss how you can optimize your tax deductions this year!

Car allowances don't have to be a tax conundrum. Check out our latest article on how to report non-accountable car allowances to the IRS, and even better, how you can avoid the taxes altogether. https://hubs.li/Q02vCVVM0