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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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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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 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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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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Financial Reporting: The unsung hero of business growth
Oscar Fairchild MD Kim Redwood-Lee looks at automated financial reporting, and the critical role it’ll play in the race to be resilient and growth ready.
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Employee expenses procedure up to scratch?
Have you considered if your employee expenses procedure is up to scratch? Naturally, you want to keep costs as low as possible, and having a solid system in place to review employee expenditure claims should be part of that strategy.
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Cut in CO2 emissions thresholds for business cars
The government is altering the CO2 emissions threshold for capital allowances to encourage the use of electric cars. What’s changing?
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COVID Tax Concession Update
The government introduced several easements in response to the coronavirus pandemic. These were temporary measures that are set to end on 5 April. What do employers need to know?
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Clearing a director’s loan account tax efficiently
Writing off an overdrawn director’s loan account can be tax efficient. The trouble is it can come with a large NI bill. Is there a more tax and NI efficient option?
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Bookkeeper or Accountant: We help you decide
We look at the different roles of Bookkeeper and Accountant. Helping you to put in place the ‘day-to-day’ hands-on recording systems you need to avoid confusion, and drive down the inefficiencies of over-utilising an accountant.
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Autumn Budget 2021: key facts
The Chancellor struck a very upbeat tone in the second Budget of 2021, increasing spending pledges significantly. But what were the key tax announcements?
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Asset purchases: what can you claim against profits?
Concerned with your company’s profitability and effectiveness as you grow? Our handy guide to asset purchases and capital allowances will help, especially with the end of the current tax year looming.…
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Accounting for the crisis unfolding in construction
On the surface, construction is booming with residential property projects dotting the urban landscape. But there is also a growing crisis as the sector is squeezed by global supply chain issues, skills shortages, and skyrocketing prices.
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3 common bookkeeping mistakes and how to avoid them
From un-trained staff to the dreaded ‘profit & loss haze’, we share bookkeeping mistakes which have the power to de-rail your business…
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2021 Spring Budget: Clarity to Plan Ahead
Oscar Fairchild responds to Chancellor Rishi Sunak’s 2021 Spring Budget
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