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. Andy also manages a highly qualified and experienced team at TaxAssist Accountants, providing technical support and offering practical solutions in relation to the accounting, tax and practice needs of TaxAssist practice owners and their staff.
Learn more at Andy's LinkedIn profile.
What businesses need to know about the temporary 5% VAT rate
The Government has announced a targeted and temporary VAT cut to encourage spending and support families during the summer holidays.
Find out moreClaiming business mileage on a private car
I am employed but have to use my own car for business journeys, what can I claim?
Find out moreAutumn Budget 2025 summary and highlights
The Chancellor Rachel Reeves delivered her Autumn Budget 2025 to the House of Commons on Wednesday, 26th November.
Find out moreGuide to Capital Gains Tax for businesses
Find out everything your business needs to know about Capital Gains Tax, including how to calculate CGT, when to pay it, and what it means when you're selling a business.
Find out moreHow have the tax rules for non-UK domiciled individuals changed from A...
I am an Australian living in the UK and have heard that the UK Government has changed the tax rules for non-UK domiciled individuals like me. What do I need to be aware of?
Find out moreSpring Statement 2025 summary and highlights
The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement to the House of Commons on Wednesday 26th March.
Find out moreHow to complete a VAT invoice
When it comes to accounting for VAT there is much to consider including keep VAT records and filing VAT returns by the deadlines. A major aspect of being a VAT registered business is VAT invoicing.
Find out moreHow to reduce your Corporation Tax bill
Running a company means making decisions to boost profits, offer good products and services and have great company culture. Alongside that, making decisions so that the company is tax-efficient and pa...
Find out moreAutumn Budget 2024 summary and highlights
The UK’s first female Chancellor of the Exchequer, Rachel Reeves, delivered her inaugural Autumn Budget to the House of Commons on Wednesday 30th October.
Find out moreCompanies – 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...
Find out moreHow to pay yourself from your business
When there are changes to tax rates and National Insurance thresholds and rates, one of the biggest decisions you face, if you run a limited company, is how much and how to pay yourself from your busi...
Find out moreWhat 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.
Find out moreReasons to file your tax return early
Although January is months away, did you know you can file your tax return any time after 6th April - here are 7 great reasons why you should file your tax return sooner rather than later.
Find out moreA 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...
Find out moreHow 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.
Find out moreSpring 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.
Find out moreTax 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:.
Find out moreTax 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.
Find out moreDo 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? Do these new rules actually change anything for me?
Find out moreAutumn 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.
Find out moreRise 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...
Find out moreWhat 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?
Find out moreWhat 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...
Find out moreHigh 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,...
Find out moreCan 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?
Find out moreHow 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?
Find out moreWhat 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?
Find out moreBudget 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.
Find out moreShould I register for the Construction Industry Scheme?
I’m newly self-employed and am about to start working in construction. I have been told I need to register for the CIS scheme, what does this mean?
Find out moreThe 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...
Find out moreWhat is double-entry bookkeeping?
Double-entry bookkeeping is a system of accounting for financial transactions. It underpins every bookkeeping system and reporting system used globally.
Find out more