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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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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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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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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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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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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