More recent posts
-
Furlough scheme contribution doubles for employers
On 1 August employer contribution doubled to 20% and will remain at this level until the scheme ends on 30 September 2021. Employers must now pay 20% of…
-
Tax changes announced for self-employed and small businesses
The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed…
-
The tax impact of a divorce
The legalities surrounding divorce will soon be subject to modernisation, with an era of ‘no-fault divorce’ set to begin in Spring 2022. The related tax issues are likely…
-
Furlough… the end is in sight
The Coronavirus Job Retention Scheme (CJRS), commonly known as furlough, is approaching its final stages. What considerations do businesses need to be aware of? From 1 July 2021…
-
Watchdogs criticise HMRC performance
Both the Institute for Chartered Accountants (ICAEW) and the Association for Chartered Certified Accountants (ACCA) believe HMRC need to address “poor service levels”. The news comes from a…
-
OTS proposes CGT deadline extension
The Office of Tax Simplification (OTS) has recommended extending the payment deadline for Capital Gains Tax (CGT) for divorcing couples and those selling property. Introduced in April 2020,…
-
Balancing tax compliance with business growth
As many business owners look to bounce back from the COVID-19 pandemic, business growth often leads to additional tax compliance requirements. An evolution in your business may represent…
-
Business records for the self-employed
Keeping on top of your business records as well as separate personal records of your income is a crucial exercise if you’re self-employed as a sole trader, or…
-
The importance of cashflow
Profit and turnover levels are often the two most prominent factors business owners consider. However, the significance of cash should not be underestimated. Increased cashflow scrutiny is often…