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Tax Advice

Self-assessment taxpayers warned to watch out for scammers posing as HMRC

9th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

HMRC is warning self-assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline. Every year HMRC issues thousands of SMS messages and emails as part of
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Electric Vehicles – To buy or not to buy??

4th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: Electric Vehicles, EV,
Electric Vehicles – To buy or not to buy??

Or should we say to lease or not to lease?? In the company, or keep it personal?? Have you guessed what I’m talking about yet? Well, probably as it’s in the title, which we have to do from an SEO
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Crown Preference – what you need to know!

30th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: insolvency, Tax,
Crown Preference – what you need to know!

What is Crown preference? Why does it make a difference? Will it impact a personal guarantee? In the World of Covid, with Brexit around the corner, it is easy to forget that there is another change that will impact the
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Brexit imports and exports

27th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Brexit, export, import,
Brexit imports and exports

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import
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Tax relief for working at home

25th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
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Tax relief for working at home

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a
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Separation, divorce and tax…

24th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Tax Advice
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Separation, divorce and tax…

2020 has as we all know been one hell of a year. But it’s not just people’s physical and mental health, our NHS, jobs, businesses and finances which have been impacted.  Relationships and families have been hard hit, having been
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Self-assessment customers to benefit from enhanced payment plans

23rd November 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: self assessment,
Self-assessment customers to benefit from enhanced payment plans

Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements
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Capital Gains Tax Review 2020

18th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: capital gains tax, CGT,
Capital Gains Tax Review 2020

Capital Gains Tax Review – will it be changing? In my previous article about CGT we outlined what it is, and what the rates currently are. I also highlighted that the Chancellor had asked the Office of Tax Simplification (OTS)
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Capital Gains Tax – your guide

17th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: capital gains tax,
Capital Gains Tax – your guide

Why is everyone talking about Capital Gains Tax? Capital Gains tax, or CGT has been in the news a lot recently, as there is much speculation that this will be the first place that the government will go to try
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Annual Investment Allowance – time is running out

9th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
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Annual Investment Allowance – time is running out

The Annual Investment Allowance will revert to £200,000 on 1 January 2021, so you have just over six weeks to commit to any capital spend and take advantage of the temporary increase in Annual Investment Allowance of £1,000,000 which applies
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VAT deferral and enhanced Time to Pay for self-assessment

20th October 2020 | Written by In Accountancy | Categories : News, Tax Advice
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VAT deferral and enhanced Time to Pay for self-assessment

VAT Deferral – Over half a million businesses deferred VAT payments, which were due in March to June 2020, with these payments becoming due at the end of March 2021. As part of the Winter Economy Plan the government has
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The VAT reverse charge

14th October 2020 | Written by In Accountancy | Categories : News, Tax Advice
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The VAT reverse charge

HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021. The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part
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