How to Avoid Falling Foul of MTDfV Penalties
What are the main HMRC penalties for not complying with Making Tax Digital for VAT (MTDfV) and how can you avoid them?
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.
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?
DetailsThe First-tier Tribunal (FTT) has considered whether a taxpayer had a reasonable excuse for filing his tax returns late. While the issue was not unusual, the FTT’s ruling was. How might its decision help you reduce a late filing penalty?
DetailsCoronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar situation be avoided in future?
DetailsThe “super-deduction” is a new tax incentive for businesses to purchase equipment. The qualifying conditions have now been relaxed to allow the tax break for some previously excluded items. What’s the full story?
DetailsThe government plans to demand quarterly or monthly tax payments from companies and individuals who pay tax through self-assessment. It won’t happen for at least two years. Have your say by responding to the consultation.
DetailsSpecial rules apply to directors’ NI contributions. Normally they go unnoticed, but in a year that has been many directors cut their salary this might result in too much NI being paid.
DetailsOscar Fairchild responds to Chancellor Rishi Sunak’s 2021 Spring Budget
DetailsPostponed VAT accounting can help with cash flow, but what two key things must you do before you can use it?
DetailsIn this handy guide, we share the steps businesses can take if they’re worried they’ll struggle to repay the Government’s BBLS or CBILS financial support
DetailsIn this detailed guide, we look at the practical issues of MTD for businesses and business owners, especially those who are not used to keeping digital records or using bookkeeping or accounting software
DetailsNew rules will apply from April 2021 to make the Construction Industry Scheme (CIS) tougher. As a contractor or subcontractor in the industry what do you need to know?
DetailsThe government is altering the CO2 emissions threshold for capital allowances to encourage the use of electric cars. What’s changing?
DetailsResearch and Development tax credits are not just tax relief for high-tech and pharmaceutical or engineering companies. Our handy guide explains if your company could be eligible.…
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