The First-tier Tribunal (FTT) has considered whether a taxpayer had a reasonable excuse for filing his tax returns late. While the issue was not unusual, the FTT’s ruling was. How might its decision help you reduce a late filing penalty?
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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?
Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar situation be avoided in future?
The “super-deduction” is a new tax incentive for businesses to purchase equipment. The qualifying conditions have now been relaxed to allow the tax break for some previously excluded items. What’s the full story?
Special rules apply to directors’ NI contributions. Normally they go unnoticed, but in a year that has been many directors cut their salary this might result in too much NI being paid.
Oscar Fairchild responds to Chancellor Rishi Sunak’s 2021 Spring Budget
Postponed VAT accounting can help with cash flow, but what two key things must you do before you can use it?