News
HMRC goes “nuclear” in pursuit of unpaid taxes
08 May 2017
HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion.
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HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax
08 May 2017
Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay the appropriate tax on their sales, according to a new study.
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Online VAT fraud and error costing UK dear
08 May 2017
A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between £1bn and £1.5bn in lost tax revenue during the 2015/16 financial year.
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P11D dispensations have been dispensed with
08 May 2017
Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with. Until the beginning of the 2016-17 tax year, employers who did not have a dispensation...
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Making Tax Digital: Cash basis accounting for landlords
12 April 2017
As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000.
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Record number of employers underpaying workers
12 April 2017
As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date.
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Businesses are more buoyant, says the Bank of England
12 April 2017
New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead.
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Does Annual Tax on Enveloped Dwellings (ATED) apply to you?
12 April 2017
While changes affecting private residential landlords have made headlines in recent years, the ATED regime is a significant cost for companies, LLPs and partnerships that own a UK residential property valued at more than £500,000.
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Give your business’ finances a spring clean
12 April 2017
With the clocks now having sprung forward and the new tax year upon us, what better time to give your business’ finances a spring clean? There are a number of steps you can take to ensure that you make the most of 2017-18 and to set your business up for future success.
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Small businesses see changes to the VAT Flat Rate Scheme
04 April 2017
Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month.
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Case Studies
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Taxing demands with old school charm
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Customer care is top of the list for packaging business
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A taste for growth, a thirst for knowledge
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Sometimes a business does exactly as it says on the tin
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Cut above the rest in personal management style
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A modern approach required for music moguls
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A shared passion for architecture and a head for numbers
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Smiles all round for dental practice
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Child's play with proactive accounts management