CIGMA Accounting Ltd.

CIGMA Accounting Ltd. For over 10 years, we have offered expert Company Accounts, Tax & Self-Assessment services that have saved our clients money.

Contact us on WhatsApp +44 7872 308125 and quote "marketing" to find out how we can help you!

Tax and Termination Payments — Understanding the RulesWhen employment comes to an end, the tax treatment of any payment ...
18/06/2026

Tax and Termination Payments — Understanding the Rules

When employment comes to an end, the tax treatment of any payment received can be more complex than many people realise. Redundancy payments, settlement agreements and other termination payments may all be subject to different tax rules.

For employees and employers across Farringdon, Fulham, Wimbledon and wider London, understanding these rules is essential to ensure payments are structured and reported correctly.

At CIGMA Accounting, we help clients navigate employment tax issues and understand the implications of termination packages.

What’s inside:

✅ How termination payments are taxed
✅ The difference between taxable and non-taxable elements
✅ Employer PAYE obligations
✅ Common mistakes to avoid

We’re often asked:

💭 “Is a redundancy payment taxable?”
💭 “How much tax will I pay on a settlement?”
💭 “What reporting requirements apply?”

Read the full insight here 👇

🔗https://zurl.co/ZgFx0

Contact us:0204 551 8463 info@cigmaaccounting.co.ukBook your free MTD consultation today.
18/06/2026

Contact us:
0204 551 8463
[email protected]
Book your free MTD consultation today.

Do You Need to Register for Self Assessment? — Understanding Your HMRC ObligationsMany people assume that Self Assessmen...
17/06/2026

Do You Need to Register for Self Assessment? — Understanding Your HMRC Obligations

Many people assume that Self Assessment only applies to the self-employed. In reality, a range of circumstances can require you to register and submit a tax return to HMRC.

For individuals across Farringdon, Fulham, Wimbledon and wider London, understanding whether you need to register is essential to avoid penalties and ensure compliance.

At CIGMA Accounting, we help individuals determine their filing obligations and manage the Self Assessment process from registration through to submission.

What’s inside:

✅ Who needs to register for Self Assessment
✅ Common situations that trigger a tax return requirement
✅ Registration deadlines and key dates
✅ How to avoid common mistakes

We’re often asked:

💭 “Do I need to register for Self Assessment?”
💭 “What types of income require a tax return?”
💭 “What happens if I miss the registration deadline?”

Read the full insight here 👇

🔗 https://zurl.co/ohIIp

Working Out Your UK Residence Status — Why It Matters for Tax PlanningYour UK residence status plays a crucial role in d...
16/06/2026

Working Out Your UK Residence Status — Why It Matters for Tax Planning

Your UK residence status plays a crucial role in determining how your income, gains and overseas assets are taxed. Whether you travel frequently, work internationally or are considering relocating abroad, understanding your residency position is essential.

For individuals across Farringdon, Fulham, Wimbledon and wider London, the Statutory Residence Test can have significant implications for both UK and overseas tax obligations.

At CIGMA Accounting, we help clients assess their residence status and navigate the complexities of international tax planning with confidence.

What’s inside:

✅ How UK residence status is determined
✅ An overview of the Statutory Residence Test
✅ The impact on overseas income and gains
✅ Common residency planning considerations

We’re often asked:

💭 “Am I a UK tax resident?”
💭 “How many days can I spend outside the UK?”
💭 “Do I pay UK tax on overseas income?”

Read the full insight here 👇

🔗 https://zurl.co/7Q25A

Tax Effects of Living Away from Your Home — Understanding the RulesLiving away from your usual home for work or other re...
15/06/2026

Tax Effects of Living Away from Your Home — Understanding the Rules

Living away from your usual home for work or other reasons can create a range of tax considerations. The treatment of accommodation, travel and related expenses depends on the specific circumstances and HMRC's rules regarding temporary workplaces and employment expenses.

For individuals across Farringdon, Fulham, Wimbledon and wider London, understanding these rules can help ensure claims are made correctly and unexpected tax liabilities are avoided.

At CIGMA Accounting, we help clients navigate complex employment and personal tax issues with practical, clear advice.

What’s inside:

✅ When living away from home has tax implications
✅ Temporary workplace rules explained
✅ Travel and accommodation expense considerations
✅ Common mistakes to avoid

We’re often asked:

💭 “Can I claim accommodation costs?”
💭 “What is a temporary workplace?”
💭 “Are travel expenses tax deductible?”

Read the full insight here 👇

🔗https://zurl.co/KiS2H

Tax-Free Gifts for Inheritance Tax Purposes — What Families Should KnowMany people assume that giving away money or asse...
14/06/2026

Tax-Free Gifts for Inheritance Tax Purposes — What Families Should Know

Many people assume that giving away money or assets automatically reduces their Inheritance Tax exposure. However, the rules surrounding tax-free gifts and Inheritance Tax exemptions are more nuanced than many realise.

For individuals and families across Farringdon, Fulham, Wimbledon and wider London, understanding available exemptions can play an important role in effective estate planning.

At CIGMA Accounting, we help clients structure gifting strategies and understand the rules surrounding lifetime transfers and Inheritance Tax planning.

What’s inside:

✅ Tax-free gift exemptions explained
✅ Annual gifting allowances
✅ The seven-year rule and how it works
✅ Estate planning considerations for families

We’re often asked:

💭 “How much can I gift tax-free?”
💭 “What is the seven-year rule?”
💭 “How can gifting reduce Inheritance Tax?”

Read the full insight here 👇

🔗 https://zurl.co/E4nqw

Reclaiming VAT on Car Leasing Costs — What Businesses Need to KnowMany businesses lease vehicles without fully understan...
13/06/2026

Reclaiming VAT on Car Leasing Costs — What Businesses Need to Know

Many businesses lease vehicles without fully understanding the VAT recovery rules. Depending on how a vehicle is used, businesses may be able to reclaim part of the VAT charged on lease payments and certain running costs.

For businesses across Farringdon, Fulham, Wimbledon and wider London, understanding these rules can improve cash flow and ensure VAT returns are prepared correctly.

At CIGMA Accounting, we help businesses navigate VAT regulations and maximise legitimate claims while remaining fully compliant with HMRC requirements.

What’s inside:

✅ How VAT recovery works for leased vehicles
✅ The impact of business and private use
✅ VAT treatment of lease payments and running costs
✅ Record-keeping requirements for compliant claims

We’re often asked:

💭 “Can I reclaim VAT on a leased company car?”
💭 “How much VAT is recoverable?”
💭 “What records do I need to keep?”

Read the full insight here 👇

🔗 https://zurl.co/4FioV

Address

165-167 Highland House, The Broadway, Wimbledon
London
SW191NE

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

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