How to Fix a Property Return Anomaly
Disposal of a residential property can result in a tax bill, when it does this must be reported to HMRC within 60 days on a property disposal return (PDR).
DetailsDisposal of a residential property can result in a tax bill, when it does this must be reported to HMRC within 60 days on a property disposal return (PDR).
DetailsFrom the 15th August another increase in various rates of interest HMRC charges on unpaid taxes will kick in. What are the new rates and what’s affected?
DetailsRecent reports have shown that some taxpayers have been struggling to access their tax accounts on the Government Gateway, HMRC have now made this easier to do.
DetailsWith a new Prime Minister set to be announced on the 5th September, we take a closer look at what this means for small company owners.
DetailsWhat are the main HMRC penalties for not complying with Making Tax Digital for VAT (MTDfV) and how can you avoid them?
DetailsAre you eligible for HMRC’s extended Making Tax Digital (MTD) Income Tax Self Assessment (ITSA) Pilot scheme, and is it worth signing up early before it becomes compulsory?
DetailsWriting off an overdrawn director’s loan account can be tax efficient. The trouble is it can come with a large NI bill. Is there a more tax and NI efficient option?
DetailsThe Russia-Ukraine conflict has displaced millions of people. The government has now announced details of a tax-exempt scheme aimed at those who wish to offer accommodation to refugees. What’s the full story?
DetailsWith IR35 hitting the headlines again. We take a closer look at two of the most high profile IR35 cases, and highlight the key learnings SMEs can take away.
DetailsInterest rates are at their highest level since 2009. What is the full story and what does this mean for payments due to HMRC?
DetailsAs we emerge into the spring sunshine, many companies are now planning to go back to face-to-face dinners, golf and events. So, let’s have a quick refresher on what you can claim.
DetailsJoin us on 26th May for ‘Build A Group – Sizewell C Supply Chain Special’ as we bring together construction firms from across Essex to talk about the project timeline and how to secure a slice of the action that’s profitable.
DetailsThe government introduced several easements in response to the coronavirus pandemic. These were temporary measures that are set to end on 5 April. What do employers need to know?
DetailsThe National Insurance (NI) rates and thresholds are reviewed each year. HMRC has recently published the applicable amounts for the forthcoming 2022/23 year. What are the most important points for our clients to know?
DetailsThe National Insurance (NI) rates and thresholds are reviewed each year. HMRC has recently published the applicable amounts for the forthcoming 2022/23 year. What are the most important points for our clients to know?
DetailsAnyone who has tax to pay on the disposal of a UK residential property must complete a special capital gains tax (CGT) return and make a payment within a short space of time.
DetailsThe standard deadline for individuals filing a tax return is 31 January. Failure to meet this deadline usually means a £100 automatic penalty applies, even if no tax is owed. Why will an HMRC announcement bring relief to those struggling due to the pandemic?
DetailsIn some situations married couples and civil partners can elect how they split their joint income for tax purposes. It’s a useful tax-planning tool, but the drawback is that once made an election can’t be revoked. Is there a way around this?
DetailsIn some situations married couples and civil partners can elect how they split their joint income for tax purposes. It’s a useful tax-planning tool, but the drawback is that once made an election can’t be revoked. Is there a way around this?
DetailsHave you considered if your employee expenses procedure is up to scratch? Naturally, you want to keep costs as low as possible, and having a solid system in place to review employee expenditure claims should be part of that strategy.
DetailsHMRC updates its advisory rates for business miles undertaken in company cars quarterly. The latest figures are now available – what impact has the recent rise in fuel costs had?
DetailsIf you work in the construction sector,
you’re probably already familiar with the
Construction Industry Scheme (CIS).
But why should you outsource your CIS payroll?
The furlough scheme ended on 30 September 2021 and several other temporary coronavirus measures, including for stamp duty land tax (SDLT), came to an end at the same time. What do you need to warn your clients about?
DetailsThe Chancellor struck a very upbeat tone in the second Budget of 2021, increasing spending pledges significantly. But what were the key tax announcements?
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