The move towards making the submission of your tax return a digital-only process is carrying on at pace. This switch towards using zeroes and ones, rather than hard-copy paperwork, is being driven on the whole by HM Revenue & Customs’ (HMRC) own ambitiously timetabled Making Tax Digital initiative. But the big question for most businesses […]
As a business owner, there will be times when you come up against a financial obstacle that’s holding your business back. Whether it’s an unexpected tax bill, a problem with last year’s accounts or a sudden cash-flow issue, that’s the time that many people pick up the phone and ask their accountant to come riding […]
Do you own and let property? If so, there are a number of changes coming up that you need to be aware of. The way your rental income is calculated is changing – and, more importantly, so are the deductions you can make from your rents for income tax purposes. These changes include: An increase […]
For as long as I can remember (and that’s a long time!) rumours have abounded that dividends would become subject to National Insurance. At present there are considerable savings in National Insurance contributions (NIC) to be made if a minimal amount is paid as salary and any balance of a remuneration package is paid as […]
The following is an extract from an article about “Sweetheart” deals appearing today in economa, the ICAEW members magazine. The Tax Assurance Commissioner at HMRC has issued his first report about the large deals done with taxpayers under the new approach established by the department in the wake of the sweetheart deal furore Edward Troup, […]
