MMBA Chartered Certified Accountants & Registered Auditors

Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual ownership of the 'coins' are stored in a digital ledger with secure transaction records. Coins can be bought or sold with other currencies, used to purchase goods from sellers who are willing to accept cryptocurrencies as payment, make investments in various assets and as investments themselves. However, the 'downside' is that the system is unregulated with no central bank or government to support the currency should something go wrong. That’s where we come in: a cryptocurrency accountant UK offering a crypto tax service. It has taken a long time to be accepted as a currency in its own right but in April 2022 HMRC announced moves to recognise one type of cryptocurrency ('Stablecoins') as a valid form of payment. Such tokens are i ntended to maintain a 'stable' valu...

Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct student loan repayments in certain circumstances and to account for such payments ‘in like manner as income tax payable under the Taxes Acts’. There are two plan types for student loan repayments, which have different repayment thresholds. From April 2021, the thresholds are as follows: •                plan 1 with a 2021-22 threshold of £19,895 (£1,658 a month or £382 per week) rising from £19,390 in 2020-21); and •                plan 2 with a 2021-22 threshold of £27,295 (£2,275 a month or £525 per week) rising from £26,575 in 2020-21). Plan 1 loans are pre-September 2012 Income Contingent Student Loans and repayments will start when the £19,895 threshold is reached. Loans taken out post-September ...

A proper understanding of taxation and filing income tax on time is extremely important and does not really need to be stated . However, many people find taxation related matters extremely complicated and depend on Chartered Accountants Cambridge who handle there tax related issues and also look into the government notices on tax . If you are also one of those people then you should definitely look up for some qualified and certified chartered accountants online and hire their services as hiring a chartered accountant can make your life really easy . Apart from the regular taxation, we see a new type of tax called as crypto tax that has now become a new headache for a lot of people as people are not aware enough about it and this confusion has made a lot of people very uncomfortable . Owing to this lack of awareness and increasing confusion, we see that most people, therefore, depend on the crypto tax advisors for filing their income tax and every other crypto tax related matters ....