Ultra Tax Ltd - Blog Posts

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....

Tax office reference numbers are crucial for managing your tax obligations as an employer in the UK. However, many business owners and...

A P60 is a crucial document for employees in the UK, summarising the income and tax they've paid over the course of the tax year. If...

Tax season can be a stressful time for many, but it doesn't have to be. By understanding how to maximise your tax refund, you can turn...

Understanding directors' loan accounts is crucial for maintaining financial compliance and optimising tax efficiency within your company....

As a business owner or self-employed professional, managing your expenses is crucial for maintaining profitability. One area where you...

If you’ve ever wondered about the 40% tax bracket  and how it affects your income, you’re in the right place. In this guide, Ultra Tax...

Introduction to UK Tax Codes Tax codes are essential in the UK tax system as they determine how much income tax should be deducted from...

Understanding the 1257L Tax Code | Tax Code 1257L Explained If you've ever looked at your payslip or tax documents and wondered, "What...

Comprehensive Guide to Tax Rebates: Maximise Your Tax Refund with Ultra Tax Ltd Introduction to Tax Rebates Navigating the world of tax...