MTD Coming Soon For Income Tax
August 9, 2021
VAT registered businesses making taxable supplies above the £85,000 registration threshold have been grappling with Making Tax Digital (MTD) since April 2019. The next roll-out
Tax Matters
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Our articles include tips on Tax and advise on handling your business resources and finances, as well as information on Employee well-being.
Some of our articles are specifically tailored to charities and Not for Profit organisations.
Guidance On SEISS Turnover Test Issued By HMRC
August 9, 2021
The fifth (and final) SEISS grant has been available for the self-employed to claim since the end of July. HMRC has been contacting those traders
Company Loss- Relief Can Be Claimed Early
August 9, 2021
Relief Can Be Claimed Early Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible
Pension Contribution- Is Tax Efficient for Both Employee and Employer
July 13, 2021
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit if the annual input limit is not
Beware, Mini-Umbrella Company Fraud!
June 8, 2021
HMRC are urging businesses to look out for the use of mini-umbrella companies (MUCs) to pay contractors supplying their labour via agencies and other intermediaries.
Mental Health Issues? What may we do?
June 8, 2021
Supporting your team through turbulent and stressful times. After dealing with the effects of the pandemic for over a year, many people are feeling isolated
Do Your Shares Qualify For CGT Business Asset Disposal Relief?
June 8, 2021
A recent case before the tax tribunal has confirmed that all of a company’s shares are ordinary shares except those that carry a fixed rate
5 Common Tax Allowable Deductions that Small Business Owners Often Overlook
June 8, 2021
They say that only two things are certain in life: death and taxes. Paying tax is inevitable but there are things you can do to
Making Tax Digital Extended To More Businesses
May 28, 2021
Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD)
The New Enhanced Loss Relief Rules may result In Extra Tax Refunds
April 13, 2021
In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means
