This author has yet to write their bio.Meanwhile lets just say that we are proud Lizzie Robinson contributed a whooping 267 entries.
What is the CIS? The Construction Industry Scheme (CIS) was brought in by HMRC in 1971 to help minimise evasion in the construction industry, as well as to protect construction workers from being employed illegally and taken advantage of. The scheme works by contractors taking money from their subcontractor’s wages in order to cover their […]
As accountants we regularly field questions from our clients on a vast range of topics. We are always gratified that they place their trust in us to advise them in a sensible and straight forward way about the myriad of topics faced by business today. A common question is “how do we get more business?”. […]
If you are thinking of closing your limited company, there are a number of steps that need to be taken to ensure that you have followed the correct procedures as set down by the law and your Articles of Association. Please note that it is recommended that you seek professional advice as soon as possible […]
Anyone can start a business with a vague idea of what they want to do and a few marketable skills. However, to truly make it in business, you need to know what you’re doing. How you are going to not only create, but also develop your business and make it a success. This is where […]
As the years go by, government across the world are going digital in order to deliver services more efficiently. This goes for all areas of our lives, even how we pay our taxes. This year, HMRC are implementing Making Tax Digital, an initiative that intends to make all tax processes fully automated in the next […]
2019 looks to be the year that HMRC crackdown on tax avoidance once and for all, making sure that larger companies who have been hoarding wealth and avoiding tax by diverting profits finally get their comeuppance. One of the ways in which tax avoidance is being tackled is with the profit diversion compliance facility. What […]
If you are self-employed or a business owner, you’ll need to complete and file a tax return for each tax year. You need to be as clear and accurate as possible on your tax return so that you ensure that you are paying exactly the right amount. You also need to file your return on […]
The Requirement to Correct, or RTC, is a piece of legislation which demands that all UK taxpayers to get in touch with HMRC and notify them if they have offshore tax liabilities that had so far gone undeclared. This includes Capital Gains Tax, Income Tax, and Inheritance Tax. The final date for RTC was 30th […]
The self-assessment has been with us since its introduction in the tax year 1995/1996. Before the age of “tax doesn’t have to be taxing,” the responsibility of calculating what someone’s tax liability was belonged to HMRC. It will come as little surprise to anyone who has dealt with them that this frequently meant they were […]
Legislation comes into force in April 2019 that will force those who have used a disguised remuneration scheme to pay or receive wages to pay back the tax that they avoided, and thus owe to HMRC. But what does this mean and who is affected? What is disguised remuneration? Colloquially referred to as the ‘2019 […]
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