News
A furnished holiday letting won’t just give your customers much needed relief
15 May 2017
Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as the tax implications can be enormous.
Read more...
New civil penalty notices are now in effect for residential landlords
15 May 2017
A range of provisions which allow civil penalties to be levied against residential landlords who commit offences under the Housing Act 2004 came into effect last month.
Read more...
Finance Bill shrinks in the parliamentary wash-up as PM announces snap election
15 May 2017
The announcement of a snap general election to take place on 8 June 2017 had an immediate impact on some of the most eye-catching announcements from the Spring Budget, with the parliamentary wash-up seeing key clauses dropped from the Finance Bill.
Read more...
Could you benefit from Tax-Free Childcare?
08 May 2017
Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in.Tax-Free Childcare will be open to working families – defined as couples or individuals who are each expected to earn on average at least £120 per week – including self-employed workers.
Read more...
HMRC goes “nuclear” in pursuit of unpaid taxes
08 May 2017
HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion.
Read more...
HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax
08 May 2017
Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay the appropriate tax on their sales, according to a new study.
Read more...
Online VAT fraud and error costing UK dear
08 May 2017
A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year.
Read more...
P11D dispensations have been dispensed with
08 May 2017
Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with. Until the beginning of the 2016-17 tax year, employers who did not have a dispensation...
Read more...
Making Tax Digital: Cash basis accounting for landlords
12 April 2017
As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000.
Read more...
Record number of employers underpaying workers
12 April 2017
As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date.
Read more...
Case Studies
-
Smiles all round for dental practice
-
Customer care is top of the list for packaging business
-
Taxing demands with old school charm
-
A shared passion for architecture and a head for numbers
-
A modern approach required for music moguls
-
Sometimes a business does exactly as it says on the tin
-
A taste for growth, a thirst for knowledge
-
Cut above the rest in personal management style
-
Child's play with proactive accounts management