A new report has shown that the HMRC have more than doubled the number of penalties that it hands out for ‘deliberate’ errors on tax returns. 31,500 of the harshest …
Personal and Business Online Tax Accounts – Keep it simple!
Have you put off opening a Tax account online? Did you know that it’s easier to do and use than you think? It’s HMRC’s aim to move everyone to online …
How small and medium-sized businesses are using payroll systems to drive efficiency
We now live in a world where there is no escaping conversations about data and systems. As government and legislative obligations increase for business owners, accountancy software developers are continuously …
Cloud accounting 101
View PostHMRC are overcharging tax on savings drawn from pension pots – are you due a rebate?
If you are considering drawing out savings from your pension pot, then you need to be aware of the automatic tax HMRC are taking from your drawings. Since April …
A Director’s Loan account – what it is and how they work.
What is a Directors Loan? HMRC defines a director’s loan as when you (or other close family members) get money from your company that is not: a salary, dividend or …
The Government’s Independent Tax Advisor recommends a reduction in seven-year gifting rule
The Chancellor requested a review of inheritance tax, which resulted in recommendations for its simplification. The report by the Office of Tax Simplification (OTS) resulted in 11 recommendations, including: Reduce …
PAYE, what you need to know
View PostCompany Car Tax Guide
Are you thinking of investing in a company car, or want to know what you can claim as travel expenses? Our handy guide will give you all you need to …
New British Chamber of Commerce Research suggests UK tax system is ‘fundamentally unfair’
A new research report by the British Chambers of Commerce (BCC) has found that UK businesses feel that the UK tax system is ‘fundamentally unfair’ and that firms want more …
