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July 26, 2016

EXPENSES

You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the association’s costs be tax deductible?

Business clubs

Pooling ideas w...

July 21, 2016

CARS

Since 6 April 2016 certain types of benefit, mainly cars and vans, have been subject to new rules which mean that directors and employees can’t escape tax by paying their employer a fair price for the perk. What’s the full story?

The basis of benefits tax

Once upon a...

July 19, 2016

EXPENSES

If life for those working through an intermediary business wasn’t tricky enough already, HMRC now says draft legislation on the new travel and subsistence rules is wrong. What should you be doing to keep within the new rules?

New home-to-work travel rules

The 201...

July 14, 2016

INCOME TAX

For 2016/17 using your basic personal tax-free allowance, starting tax rate and the new zero rate bands for savings income and dividends allows you to engineer up to £22,000 tax free. How is it done?

Allowances and rate bands

You will know that for 2016/17 the...

July 12, 2016

PAYE

A decision on extending a concession on RTI late filing penalties has finally been issued. So is the news good or bad for your employer clients?

CONCESSION

The full (automatic) penalty regime for the late filing of full payment submissions under real time information...

July 7, 2016

Now that the UK has voted to leave the EU, what are some of the potential key tax implications for your clients' businesses?

It’s impossible to accurately determine the impact of Brexit as the terms of the exit haven’t been negotiated yet. Thankfully, much of the UK’s t...

July 7, 2016

CAPITAL ALLOWANCES

You’ve decided to upgrade your website and are laying out thousands on development and running costs. Your bookkeeper says that some of these are capital and therefore might not qualify for a tax deduction. Can this be right?

HMRC’s old view

HMRC’s view...

March 7, 2016

VAT

 

One of our subscribers uses a supplier who’s often late in sending its invoices. This sometimes results in a delay of nearly three months before they can reclaim the VAT. Can self-billing solve the problem?

 

Perfectly bad timing

 

Our subscriber runs a general buildin...

March 7, 2016

TAX CODES

 

Dividend tax again! Unless you’ve slept through the last nine months you’ll know about the new higher dividend tax rates which apply from 6 April 2016. If you’re a director shareholder who takes a large part of your income as dividends, you’ll feel the effect...

March 7, 2016

PROFIT EXTRACTION

 

Tax on dividends is increasing from April 2016 and the government is attacking the sheltering of income through companies. A safe, tax-efficient profit extraction method is needed, but is there anything that fits the bill?

 

Company owners’ tax woes

 

No...

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EXPENSES

You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a...

Can you get a tax deduction for business clubs?

July 26, 2016

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