HM Revenue & Customs have spent over £100 million on a new ‘Super Computer’ designed to catch those who have not paid the correct amount of tax. The new computer called ‘Connect’ gathers data from a wide range of sources and creates profiles of taxpayers’ income. The … [Read more...]
Free Seasonal Gifts & Benefits
Free Seasonal Gifts & Benefits With Christmas just around the corner here’s a quick reminder of some tax free seasonal gifts & benefits to cheer up your December and show your staff they're appreciated. Staff Entertainment & Christmas Parties Entertaining is not … [Read more...]
New Dividend Tax
New Dividend Tax - Can I still save tax by operating through a limited company? An important question often asked by many small business owners is how to structure their business. A UK business can generally be structured as a sole trader, partnership or a company. Sole … [Read more...]
Budget Review 2016
Wednesday’s Budget was pitched as “A Budget for the next generation” and although some of the changes, such as the new dividend tax rules, had already been revealed in the Autumn Statement, there were still a few surprises such as a reduction in capital gains tax and corporation … [Read more...]
Tax Returns: Top Excuses For Late Filing
The taxman has revealed the top excuses it received from taxpayers for filing their tax returns late. From hungry rodents to broken washing machines, HMRC has published some interesting excuses that were all used in appeals against penalties. The excuses that hit the top ten list … [Read more...]
Tax Evasion: New Offence For Facilitating
The government will legislate for a new criminal offence for corporations that fail to take adequate steps to prevent tax evasion. HMRC has confirmed that in addition to the new criminal offence, the government will introduce a penalty for offshore evasion based on the value of … [Read more...]
Claim a Big Home Office Tax Deduction
If you’re running your own business and use part of your home for business purposes, even if it’s just a bit of paperwork or making some business calls, then claim a use of home tax deduction. You can claim a percentage of most of your household costs including council tax and … [Read more...]
Experts Views on How to Choose an Accountant
Choosing the right accountant is one of the most important decisions a small business can make. Read experts views on what questions you should be asking: How to Choose an Accountant For Your Small Business … [Read more...]
Best Ever 10 Year Mortgage Deals Launched
Santander has launched its lowest ever 10 year mortgage pegged at 3.44% until 2024, aimed at home buyers able to stump up a 40% deposit. The new mortgage, which the bank claims is the cheapest in the market, is the latest in a surge of 10 year deals from lenders cashing in on … [Read more...]
HMRC Raiding Bank Accounts
HMRC is pushing for new powers to raid the bank accounts of people who don’t pay their tax. The powers would allow HMRC to take money directly from your bank account without going to court first. [Tweet "HMRC Raiding Bank Accounts"] … [Read more...]