Making tax digital – the need to move your bookkeeping online

The digital revolution is not just something that’s just affected our personal lives – it’s also had a profound effect on the business world, with more and more businesses being run ‘virtually’ in the cloud and basing their financial systems around an online approach to doing business. And this move to digital finance is something […]

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Are you ready for the changes to small business legislation?

Identifying your Persons with Significant Control and preparing a Confirmation Statement As a small business, you’re no doubt fed up with the ever-changing nature of business legislation. But the Small Business, Enterprise and Employment Act is a change in the law that you really do need to pay attention to, as it’s going to have […]

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Changes to the taxation of dividend income – don’t lose out!

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 […]

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Inheritance Tax Made Simple

Inheritance tax (also referred to as IHT) has become a bugbear for so many. It has unique features and in a way is very easy to collect (because the authorities meet with least resistance).  But because it is relatively easy for those with wealth to minimise it, if not avoid it altogether, it’s sometimes even […]

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If only we could have “Sweetheart” deals!

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, […]

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