Andy Gibbs, ATT, CTA

Andy is a qualified Chartered Tax Adviser (CTA), holds the STEP Advanced Certificate in Trust and Estate Accounting, and has dealt with both tax compliance and tax advisory projects across a range of industry sectors. He joined us from one of the big four accountancy firms where he looked after the affairs of high-net-worth individuals and private equity executives. Prior to this he worked at a local regional practice where he dealt with the affairs of owner managed businesses and private individuals. In January 2024 Andy was promoted from Head of Group Technical, to Director of Services, leading two of our Group companies which provide payroll and tax consulting support to our network of accountants. Andy also manages a highly qualified and experienced team providing technical support and offering practical solutions in relation to the accounting, tax and practice needs of TaxAssist franchisees and staff.

What will a new Government mean for you and your business?

Following a change in Government, we have reviewed the Labour Party manifesto, and produced a high-level summary of the key points that may affect you and your business.

Spring Budget 2024 summary and highlights

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget to the House of Commons on Wednesday 6th March.

Do I need to file a tax return if I sell my clothes online?

If I am selling on Vinted, when do I need to do a tax return, and how much tax would I pay, and do these new rules actually change anything for me?

Rise in inheritance tax receipts leaves more out of pocket

Inheritance Tax (IHT) is currently a trending topic of debate, with scarcely a day going by without rumours that IHT may be reduced, conflicting with contrary speculation that IHT may instead be incre...

Autumn Statement 2023 Summary and Highlights

The Chancellor, Jeremy Hunt, announced his second Autumn Statement to Parliament on Wednesday 22nd November, with a remit to bolster the UK economy and encourage fresh investment in businesses.

What are the tax implications if my employee wants to work abroad?

My employee has asked if they can work from overseas and I was wondering if there are any tax implications which may arise from this?

What data does HMRC use to investigate your business and personal fina...

The information HMRC holds on individuals and business has never been as comprehensive or readily accessible as it is now. Given the rise in social media and online data storage usage, HMRC is constan...

High earning employees’ tax affairs to become less certain

Following HMRC’s announcement that it would be raising the income threshold for completing a self-assessment tax return, concerns have been raised this will lead to some taxpayers paying too much tax,...

Can a Time to Pay arrangement help my cashflow?

My business is temporarily struggling with cashflow and I’m worried I won’t be able to pay HMRC my PAYE liability this month, will HMRC help me?

Tax and rule changes holiday home owners need to know

Holiday home owners need to be aware of several rule changes which could impact them. We look at the five main changes you need to be aware of:.

Budget 2023: Pension Tax Changes

As part of his Budget on 15th March, Chancellor Jeremy Hunt announced the following significant changes to the amounts individuals may save into their pensions.

How to reduce the impact of the April tax increases

At the start of a new tax year, it is critical to be aware of the tax changes being introduced from April 2024, so you can prepare your business and personal finances for the months ahead. We have put...

Should I register for the Construction Industry Scheme?

I’m newly self-employed and am about to start working in construction and have been told I need to register for the CIS scheme, what does this mean?

Companies – Tax Saving Opportunities

When it comes to company taxes, being proactive and looking at tax saving opportunities is essential for making your company more efficient. This guide will help you with your advance tax planning to...

What are the penalties if I submit my VAT return late?

I do my own VAT return and was late submitting my last one. I’ve heard a new VAT penalty system applies, can you confirm if this is now in place and will I have a penalty?

A sole trader’s guide to filing your first self-assessment tax return

It can be daunting having to file a self-assessment tax return for the first time. Read our guide to when you need to do it, the advantages of using an accountant and why submitting your tax return ea...

The top five accounting errors small businesses make

It is quite common for small business owners to make accounting errors unwittingly. Your focus is, understandably, on the success and growth of your business, so it is not surprising that errors happe...

Sole trader vs limited company – Which is better?

Choosing a business structure is one of the most important decisions a new business owner needs to make, but it can be difficult to understand your options. This guide outlines the differences between...

Guide to Capital Gains Tax for businesses

Find out everything your business needs to know about Capital Gains Tax, including how to calculate it, when to pay, and what it means when you're selling a business.

How do I get a tax refund if I am a subcontractor?

I’ve been working as a labourer for a couple of years now. One of my friends mentioned that he'd just got a big tax refund. How do I get a tax refund?

How to set up your own limited company

A limited company is a type of business entity. It is designed to be legally separate from its owners, who are known as shareholders in a limited company.

Tax tips to consider before the 5th April Year End

As we approach the end of the 2023/24 tax year, it is worth taking some time to make sure you have done all you can to ensure your tax affairs are as efficient as they can be.

What is a payment on account?

If you are self-employed or have income that is not taxed before you receive it, you may have a tax bill to pay, but are you aware how the tax stage payments can impact your cashflow?

How to pay yourself from your business

Every year when the personal allowance and the tax bands change, one of the biggest decisions you face, if you run a limited company, is how much and how to pay yourself from your business (dividends...