NI rates hiked – how much more will you pay?
Boris Johnson announced that NI and dividend tax rates will be hiked to help fund social care, pay for coronavirus support measures and clear the NHS backlog. Who will be affected and by how much?
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New Rise in Penalty Interest Rates
From the 15th August another increase in various rates of interest HMRC charges on unpaid taxes will kick in. What are the new rates and what’s affected?
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New guidance on property disposals
Anyone who has tax to pay on the disposal of a UK residential property must complete a special capital gains tax (CGT) return and make a payment within a short space of time.
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MTB Making Tax Digital
In this detailed guide, we look at the practical issues of MTD for businesses and business owners, especially those who are not used to keeping digital records or using bookkeeping or accounting software
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Making your joint income tax efficient
In some situations married couples and civil partners can elect how they split their joint income for tax purposes. It’s a useful tax-planning tool, but the drawback is that once made an election can’t be revoked. Is there a way around this?
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Making Tax Digital – our guide to help businesses get ready
Do you know whether your business is affected by the new Making Tax Digital rules? Find out everything you need to know in our handy guide to the new government plans…
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Make 2020 your best year yet…with five financial routines to power-up growth
Chartered accountant Susan Jackson Cousin shares practical, flexible business advice to help owners and management teams take a pragmatic approach to 2020 planning.
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Limited Company Expenses
As we emerge into the spring sunshine, many companies are now planning to go back to face-to-face dinners, golf and events. So, let’s have a quick refresher on what you can claim.
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Latest advisory fuel rates now available
HMRC updates its advisory rates for business miles undertaken in company cars quarterly. The latest figures are now available – what impact has the recent rise in fuel costs had?
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Late payment: avoid the traps hitting UK freelancers and micro businesses
FreeAgent reports that 47 per cent of invoices sent by UK freelancers and micro businesses last year were paid late. Our top tips help make sure you’re paid on time.
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Key HMRC Deadlines for small business owners
Print & Pin Guide: Avoid late filing and late payment penalties, fines & interest on late payment
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Is tax payable on compensation for damaged property?
Last year our client’s premises suffered extensive structural damage. The insurer compensated him before the repairs were made. If he doesn’t use all the money will he have to pay tax on it?
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IR35 in the Headlines
With IR35 hitting the headlines again. We take a closer look at two of the most high profile IR35 cases, and highlight the key learnings SMEs can take away.
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Interest rate rise – the HMRC implications
Interest rates are at their highest level since 2009. What is the full story and what does this mean for payments due to HMRC?
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Improve your business cash flow
To smooth out the peaks and troughs of your business’ cash flow you need to manage it smartly and set yourself on the right track by following our top tactics.
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How to manage credit control and make sure invoices are paid on time
Attention to detail and persistence are the keys to managing credit control and making sure your invoices are paid with the minimum of aggravation and delay. We share some simple tips to help your business speed cash flow.
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How to get your business VAT Return ready and HMRC compliant
The key to remaining stress free and avoiding ‘VAT sweats’ is to start with some simple VAT return best practice. Luckily we’re here to show you how…
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How to Fix a Property Return Anomaly
Disposal of a residential property can result in a tax bill, when it does this must be reported to HMRC within 60 days on a property disposal return (PDR).
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How to Avoid Falling Foul of MTDfV Penalties
What are the main HMRC penalties for not complying with Making Tax Digital for VAT (MTDfV) and how can you avoid them?
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How the Leadership Race Means more Tax Uncertainty for Owner Managers
With a new Prime Minister set to be announced on the 5th September, we take a closer look at what this means for small company owners.
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HMRC tightens CIS rules
New rules will apply from April 2021 to make the Construction Industry Scheme (CIS) tougher. As a contractor or subcontractor in the industry what do you need to know?
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HMRC plans to make self-assessment tax payable sooner
The government plans to demand quarterly or monthly tax payments from companies and individuals who pay tax through self-assessment. It won’t happen for at least two years. Have your say by responding to the consultation.
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HMRC confirms NI rates for 2022/23
The National Insurance (NI) rates and thresholds are reviewed each year. HMRC has recently published the applicable amounts for the forthcoming 2022/23 year. What are the most important points for our clients to know?
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HMRC announces one month late filing reprieve
The standard deadline for individuals filing a tax return is 31 January. Failure to meet this deadline usually means a £100 automatic penalty applies, even if no tax is owed. Why will an HMRC announcement bring relief to those struggling due to the pandemic?
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