Thompson Elphick

We are a small progressive firm of accountants whose aim is to help our clients build their businesses through good value advice and tax planning.

[Thompson Elphick @ThomElph]

Landlord Tax & NI Rules You Need to Know
Landlords: Rental income brings tax & NI rules. Know when to register for self-assessment and how voluntary contributions affect your pension rights today. #PropertyTax #Landlords #NationalInsurance https://t.co/FshUK6N8GT

[Thompson Elphick @ThomElph]

Frozen Tax Thresholds Could Cost You More
Wage increases may feel positive, although frozen tax thresholds could mean more of your income is being taxed at higher rates. Many taxpayers are paying more tax despite... #FiscalDrag #TaxImpact #FinanceNews https://t.co/G0WwQ8xPgb

[Thompson Elphick @ThomElph]

VAT Payment Linked to Customer Cashflow
A VAT scheme lets eligible businesses pay VAT only when customers pay invoices, easing cash flow pressures. See if you qualify for this relief now. #VAT #SmallBusiness #CashFlow https://t.co/gb233Ab676

[Thompson Elphick @ThomElph]

Critical Software Choices for Making Tax Digital
Choosing the right software for Making Tax Digital is key as rules expand. Link digital records and file updates effortlessly with compatible tools today. #MakingTaxDigital #TaxTech #Compliance https://t.co/TXzgnEpi49

[Thompson Elphick @ThomElph]

Who Needs to Register for Self-Assessment?
If you earn from self-employment or untaxed income, you may need to register for self-assessment. Check your status before deadlines approach. #tax #finance #HMRC https://t.co/Wj0J1kzWYD

[Thompson Elphick @ThomElph]

Know Your UK Residence Status
Your UK residence status can affect how much tax you pay on worldwide income or just UK earnings. Are your UK ties stronger than you think? Find out now. #UKTax #ResidenceRules #Finance https://t.co/3UoW5b6AB0

[Thompson Elphick @ThomElph]

Time Away From Home Changes Tax Relief
Time spent away from your main home can reduce your tax relief on gains. Work overseas or second homes make a real difference. Stay informed today. #Tax #Property #Finance https://t.co/r3hfOyirrS

[Thompson Elphick @ThomElph]

60-day CGT deadline for residential properties
Selling UK residential property? CGT must be reported and paid within 60 days if Private Residence Relief doesn't cover the full gain. Know your deadlines! #CGT #PropertyTax #UKFinance https://t.co/CxBnkd6R2N

[Thompson Elphick @ThomElph]

Company car fuel repayment deadline nears
Company car fuel users: Repay any private fuel by 6 July or face a hefty tax charge based on your car's CO2 emissions and fuel multiplier. #CompanyCar #TaxTips #FuelCosts https://t.co/tSyhRYYhIZ

[Thompson Elphick @ThomElph]

Who pays Scottish Income Tax?
Who pays Income Tax at Scottish rates? It depends on where you live most during the year, even if you have homes in multiple UK locations. #IncomeTax #Scotland #TaxRules https://t.co/u7hB7LJ3Jh

[Thompson Elphick @ThomElph]

Rising Scams Around Winter Fuel Payment
Winter Fuel Payment scams are increasing. HMRC will never ask for bank details by text or email. Always verify through official https://t.co/Wh5ZK1PYXq tools before you respond. #WinterFuelPayment #HMRC #FraudAlert https://t.co/ry05vFOHKJ

[Thompson Elphick @ThomElph]

Higher VAT Rates for Limited Cost Traders
Limited cost traders under the VAT Flat Rate Scheme face a bigger VAT rate of 16.5%. Check your spending now to see if this applies to you. Stay informed! #VAT #Business #Finance https://t.co/tY2HAYBXV9

[Thompson Elphick @ThomElph]

Tax alert on settled property benefits
Keeping any income benefit from settled property changes how tax is applied. Understand the implications before gifting or transferring assets. #taxlaw #property #finance https://t.co/Gofn7gAlKj

[Thompson Elphick @ThomElph]

Key Vehicle & Travel Expense Rules for the Self-Employed
Self-employed? You might be able to claim vehicle and travel expenses to lower taxable profits. Claim fuel, repairs and hotels; but not fines or per... #taxrelief #selfemployed #businessexpenses https://t.co/KgGNOJUleF

[Thompson Elphick @ThomElph]

Capital Gains Tax Relief When Incorporating
Incorporation Relief can postpone Capital Gains Tax when shifting your business to a company, understand conditions and deadlines to manage your tax impact now. #TaxRelief #Incorporation #Business https://t.co/h9Y0cUxzOz

[Thompson Elphick @ThomElph]

Important Employer Reporting Deadlines
Employers must meet strict deadlines for reporting employee expenses and benefits or face penalties. Know your filing and payment dates today. #TaxNews #HMRC #Finance https://t.co/jKojBgdOY0

[Thompson Elphick @ThomElph]

Avoid Penalties by Meeting Company Filing Deadlines
Private limited companies: filing deadlines for accounts and tax returns must be met or face penalties from Companies House and HMRC. Stay compliant to avoid fines. #Compliance #Tax #UKBusiness https://t.co/dC457lsSzF

[Thompson Elphick @ThomElph]

Quarterly Tax Updates Due to HMRC
Quarterly Making Tax Digital income tax updates to HMRC have set deadlines. Even if no activity, submissions are required to avoid penalties. Stay on top of your filings now. #MakingTaxDigital #HMRC #TaxDeadlines https://t.co/xyvd5AiEvS

[Thompson Elphick @ThomElph]

UK vaping products to require duty stamps in 2026
UK vaping products must have duty stamps from October 2026. Manufacturers and retailers should apply early to avoid delays and keep trading legally. #vaping #regulations #UKbusiness https://t.co/CDvQmiCZCv

[Thompson Elphick @ThomElph]

How Time Away Impacts Property Tax Relief
Living away from your home? Some absences still count towards tax relief on property sales. Understand what qualifies before you sell exactly. #CapitalGainsTax #Property #TaxRelief https://t.co/gGSb9FfrWU