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Making Tax Digital – common sense prevails
Making Tax Digital (MTD) is the government’s latest attempt to fully digitise the process of collecting data from taxpayers so they can speed up the
Tax payments due 31 July 2017
If you are self-employed, or registered for self-assessment, we are approaching “that” time of the year: your second instalment on account for 2016-17, is due
Life in the Cloud
There seems to be a trend supporting the movement of our computer software and data to the “cloud”. Not the fluffy white variety, but servers
What is tax free these days
Surprisingly, there is quite a lot. As long as you are resident in the UK for tax purposes you will probably qualify for the following
Tax Diary July/August 2017
1 July 2017 – Due date for Corporation Tax due for the year ended 30 September 2016. 6 July 2017 – Complete and submit forms
McLaren racing team lose tax appeal
It is a well-established feature of previous judgements that a fine imposed to punish an organisation should not be treated as tax deductible – the
Self-employed combined liability
Whether you pay Income Tax or National Insurance, the effect on your cash flow is the same. The payments are a necessary part of our
Making Tax Digital – are we making progress
There is evidence that HMRC’s Making Tax Digital (MTD) implementation team are working with advisors and their clients to beta test the computer systems that
Sole trader or limited company
We are often asked to judge whether it’s better for a business to be run as a sole trader, or incorporated as a limited company.
Landlords bear the brunt of recent tax changes
Recent budgets have done little to improve the financial position of landlords. One change stands out above the rest: the loss of higher rate tax
Investing in your business is still tax effective
If you crunch the numbers, and decide that investing in new technology, a new van, or other equipment will make a positive difference to your
When do NIC contributions stop
You are required to make National Insurance Contributions on your earnings, whether employed or self-employed, until you reach the State Retirement Age. The only exception
Need help joining the digital age
Computers are not everyone’s cup of tea. In fact, there are very few of us who can declare with some confidence that we are computer
National Insurance exemption
Employers, or more specifically, the persons in charge of processing their payroll, are hopefully checking the box to claim the National Insurance Employment Allowance (EA)?
Making the most of opportunity
There are a number of ways that director shareholders of private companies can withdraw funds from their businesses. We have listed below a number of