Aran Wilkinson - Total Tax Solutions

25/08/2025

Thinking of buying a new Pick-Up for your business? Be Careful ⚠️

Since April 2025, double cab pick-ups now count as “cars”, slashing your tax relief.

Tax Savings with a Single Cab (£40,000)

*Commercial vehicle, 100% tax relief

- 20% taxpayer: **£8,000** savings.
- 40% taxpayer: **£16,000** savings.

Double Cab Pick-Up:
*Taxed as a car, only 18% relief in year 1.*
- 20% taxpayer: **£1,440** savings.
- 40% taxpayer: **£2,880** savings.

For a 40% tax payer who operates as a sole trader the double cab could mean you would pay an extra £13,120 in tax on a 40K vehicle!

📞 07532177144
📧 [email protected]

24/03/2025

Subcontractors, it’s nearly time to complete your 24/25 tax returns!

Key Tips:
1. I will need your income and expenditure between 6th April 24 & 5th April 25 (if you use online banking we can link up your bank statements using Streem Connect in just a couple of minutes)

2. Please ask your contractors for CIS statements which show a breakdown of your cis tax paid, this helps keep your tax return accurate and minimises the chance of a HMRC check

3. Please provide us with all business related expenses, main expenses are usually Motor / Mileage, tools, workwear, equipment hire, phone bills etc

4. if you have been “employed” during the tax year please provide any P45 or p60 documents you received from your employer as the pay and tax details from your document will need to be reported on the tax return

5. Please ensure your address is up to date with hmrc so we can request authorisation, we can then track the progress of your refund for you

6. Refund timescales vary and hmrc are very unpredictable so please be patient waiting for refunds

Once the tax year has finished (5th April) please get in touch on the below details to get started.

📞 07532177144
📧 [email protected]

31/10/2024

📊The Autumn budget is here! The budget outlines plans for the year ahead, including announcements on national insurance, capital gains tax, minimum wage and more.

Please see the below key points for business owners!

09/10/2024

Is your business looking to take on staff members but your not quite sure where to start? For a fixed monthly fee I can cover everything you require including:

✅ Preparation and submission of payroll under real-time information

✅ Providing staff payslips

✅ providing a workplace pension scheme

✅ Completing administration documents for PAYE, statutory sick, maternity pays, and any other liable procedures.

✅ End of year documents such as P60’s / P11D documents

Feel free to get in touch for a consultation.

📞 07532177144
📧 [email protected]

16/04/2024

For any clients that are employing staff members, please make sure you are staying compliant with the new increased national minimum wage ⚠️

24/10/2023

Tax Warning Update ⚠️ ❗️

HMRC is planning to launch major 'crackdown' on millions of UK taxpayers from January 2024

New regulations from January will require digital platforms such as eBay, Uber and Airbnb to report information about the income of their users directly to HMRC.

Until now, HMRC has been able to request this data on an ad hoc basis, but from January 1 it will start to be given to them automatically to check you are declaring,

You are allowed to earn up to £1,000 from side hustles without declaring to HMRC, anything above this must be declared on a self assessment tax return.

16/10/2023

Have you ever heard the expression 'CASH IS KING'?

Unfortunately, a business cannot operate without it and we don't just mean physical cash 💳💸

Here are our top 5 tips on improving your cash flow 📈

20/09/2023

🌟 Are you looking for an accountant? 🌟

📢 Have you recently embarked on a brand new business venture but feeling overwhelmed by accounting and tax matters? Fear not! Total Tax Solutions is here to guide you towards financial success! 💼💡

🏢 Step into our office where I can assist you in navigating the complicated world of accounting and taxes, allowing you to focus on what you do best: growing your business! 🚀💼

💼 I will sit down and take the time to understand your unique business requirements. We'll create a customized solution tailored specifically to your needs, ensuring maximum efficiency and compliance. 🤝✨

📞 Call or message me today to schedule a meeting, where we can collaborate to ensure your accounting and tax requirements are not just met, but exceeded! 📆📞

📧 [email protected]
📞 07532177144

19/07/2023

The deadline for second payments on account towards your self-assessment bill is approaching on the 31st July 2023 - please see the below information to help you understand payments on account.

10/07/2023

🌟 Property Accounting Services🌟

🏡 Rental Property Accounts: 🏡
Owning rental properties can be a lucrative venture, but managing the accounts can be overwhelming, we can ensure accurate tax returns and make sure you are taking advantage of all available tax reliefs. Let us handle the numbers while you reap the benefits of your investment.

🏡Capital Gains Tax on the sale of properties:🏡

Capital gains tax on the sale of a residential property can be a maze of regulations and calculations. I will guide you through every step of the process and help you understand the tax implications, identify deductions, and minimize your tax liabilities, so you can keep more of your hard-earned profits in your pocket. You must now report the sale of a property within 60 days from the date of completion.

Don't let accounting complexities hold you back. email me today at [email protected] to book a free consultation.

Accountant/Tax Advisor