Survival guide (for the self employed) Many self employed taxpayers and property landlords are unaware of HM Revenue and Custom’s radical plans to transform the tax online filing system. The Facts The way that you report your business profits to HMRC is changing. From April 2017 the cash reporting rules change for the self employed […]
Archive for Blog
Our (hopefully) insightful ramblings…things that occupy our mind!
Issuing new shares: An essential guide for company owners and advisers on how to issue new shares in a company together with a summary of planning points and the potential pitfalls if you fail to make a qualifying issue for tax purposes. Considerations: Share capital: what’s an ordinary share: How to determine whether a share is […]
Read extract or Click on Logo below to watch video: Getting started in business? This is a “taster” menu-checklist for advisers to talk over with new clients. Noting that we have many more guides covering each aspect on this webservice – see the main menu. Which trading vehicle is going to be most suitable for […]
Read extract or Click on Logo below to watch video: HMRC have confirmed PAYE late filing penalties will continue to be reviewed on a risk-assessed basis for the 2018/19 tax year rather than be issued automatically: this will include continuing to not charge penalties automatically if a FPS is filed late but within 3 days of the […]
Read extract or Click on Logo below to watch video: HMRC’s Making Tax Digital (MTD) proposals apply from April 2019 for VAT: from 2020 the self employed and landlords will be required to submit five tax returns per year. This brings about new challenges in terms of the design of penalties for late filing and […]