May 2, 2019
Unless you opt to register, or use, one of the available VAT special schemes, you are likely paying VAT to HMRC once a quarter based on the difference between the VAT added to your sales invoices less any VAT included in business purchases and...Read More...
May 1, 2019
If you die without stating your wishes, the law will determine how your assets are distributed amongst your family. The rules that govern the process are set out in the intestacy rules. And there are regional differences.
Consider a...Read More...
April 25, 2019
The following notes set out some of the factors you will need to consider if you are considering employing members of your family, younger workers or volunteers in your business.
If you hire family members you must:
- avoid... Read More...
April 23, 2019
For most of us in business the recent, and continuing, Brexit fiasco has meant that making meaningful investment decisions has proved to be problematic. What will our future trading relationship with Europe look like and how will that affect...Read More...
April 18, 2019
If you personally disposed of an asset that is subject to a capital gains tax (CGT) charge, at any time during the tax year ending 5 April 2019, any CGT due will need to be paid 31 January 2020.
Accordingly, if you know the amount of...Read More...
April 16, 2019
The first Debt Relief Order (DRO) was approved 10 years ago in April 2009 with the aim of assisting people with small levels of assets and little surplus income deal with their debts*.
Since then, the Insolvency Service has approved...Read More...
April 12, 2019
The government has given the green light to allow pension providers to create user-friendly services that display pension information for individuals on-line.
Savers will be in the driving seat with all the facts and figures about their...Read More...
April 12, 2019
A reminder that HMRC may consider extended options for settling your outstanding tax bill. The key is to contact HMRC, explain why you can’t pay on time, and discuss how you can settle any outstanding liabilities.
If you...Read More...
April 9, 2019
Since April 2017, you can earn £1,000 from a trading activity and £1,000 of property related income, without being liable to income tax.
These tax-free allowances on property and trading income are useful as families can...Read More...
April 5, 2019
There are three things that you can count on that HMRC will do:
- Calculate the amount of tax you owe based on the information they have gathered.
- Chase you for payment of this tax if not recovered by... Read More...
- The new State Pension - May 21, 2019
- Tax-free gains 2019-20 - May 16, 2019
- HMRC and the National Minimum Wage rates - May 14, 2019
- Landlords faced with another tax hit next year - May 9, 2019
- Employers what is Class 1a NIC? - May 8, 2019
- Tax Diary May/June 2019 - May 2, 2019
- Do not forget the payslips - May 2, 2019
- Income Tax – regional differences - May 2, 2019