Understanding your tax code

Understanding your tax code

by | Aug 15, 2023 | XYZ explained

This is a fundamental area of your day-to-day finances that often gets ignored. Tax codes should be on your radar to check regularly as the information is personalised to your tax situation. Where to find your tax code, and what it means A tax code appears on your...
Financial audits – all you need to know

Financial audits – all you need to know

by | Jun 22, 2023 | XYZ explained

There’s a lot of mystique surrounding financial audits. Those words alone can give business owners cause for sleepless nights. The fear of incurring fines drives some business owners to spend time and money on preparing and completing unnecessary audits. This guide...
How to get through the new tax year

How to get through the new tax year

by | Apr 6, 2023 | XYZ explained

We’ve had a couple of months to catch our collective breath since the frenetic 31st January self-assessment deadline, but it’s just one of many. As one tax year ends, so another begins The tax year consists of numerous deadlines that differ for business and personal...
Winter-proof your property investment

Winter-proof your property investment

by | Dec 6, 2022 | XYZ explained

We may be enjoying a milder autumn, but winter is coming and property investors need to be vigilant. Winter 2022/23 will present more challenges to property owners and residents as we all try to cut the cost of heating our homes. Temperatures inside properties that...
What is inheritance tax?

What is inheritance tax?

by | Nov 16, 2022 | XYZ explained

Inheritance tax is a tax paid to the UK Government by the estate of someone after they die.  Also referred to as death duties, the amount of tax paid depends on many factors. Inheritance tax is calculated according to the value of money, property and possessions...