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 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 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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Government Gateway Now Easier to Access
Recent reports have shown that some taxpayers have been struggling to access their tax accounts on the Government Gateway, HMRC have now made this easier to do.
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Facing Brexit: Financial management tips for small business
Amid the uncertainty of Britain’s departure from the EU, we look at a few key financial management improvements SMEs can make in order to achieve a little more certainty within their individual business.
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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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Eaziserv. Oscar Fairchild’s new HMRC compliant CIS payment solution
There are some exciting changes taking place at Oscar Fairchild. As part of our constant focus on client care we’re thrilled to share that we’re joining forces with highly respected London accountancy firm, The Eazitax Group.
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Cycling to work – keep it simple to avoid tax
A few of your employees have expressed an interest in the cycle-to-work tax break and with summer not far away you’re also tempted. However, there seems to be a mountain of literature to plough through. Is there a simple option?
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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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Business tax changes: 2019 round-up
It’s not just Making Tax Digital that you need to be aware of. There are a gambit of changes on the way for 2019/2020. Here’s our round-up.
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Build-A-Group Business Event
*NEW* Build-A-Group – Essex’s FREE Construction Networking Event. Join us on Friday 20th August for our free open-house business networking event at Billerciay Football Stadium.
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Build-A-Group Business Event
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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Build-A-Group ‘Sizewell C Special’ Event
Join us on 26th May for ‘Build A Group – Sizewell C Supply Chain Special’ as we bring together construction firms from across Essex to talk about the project timeline and how to secure a slice of the action that’s profitable.
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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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Are You Eligible for the Extended MTD ITSA Pilot?
Are you eligible for HMRC’s extended Making Tax Digital (MTD) Income Tax Self Assessment (ITSA) Pilot scheme, and is it worth signing up early before it becomes compulsory?
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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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A tax-saving tip for incorporating your business
Your accountant has suggested transferring your business to a limited company to save tax and NI, are there any steps you can take to make the transfer even more tax efficient?
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