Research and Development Tax relief – what exactly is it? Research and development tax incentives effectively reward innovative firms, and encourage investment and diversification, and
If you have ever considered borrowing money from your company or loaning some of your own hard-earned cash to the business, then you will need
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2022, increasing mileage rates by between 1p and
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers. HMRC have just published the below press release,
Companies House has advised that their workload is so great at present that they are delaying penalty reviews, and are suspending any associated recovery action
VAT stands for ‘Value Added Tax’, and essentially is a sales tax on almost all goods and services considered ‘non-essential’ This article covers the VAT
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is set to come into effect from 6 April 2023, so what is it, who
The Government’s consultation on Basis Period Reform came to a close at the end of August, and the accountancy world is awaiting the outcome with
Since the pandemic, there has been a growing trend for small and medium-sized business owners to set down permanent roots in a garden office. If
This is such a well written article by Emma Rawson, published by AccountingWeb on 18th Jun 2021, that I am simply sharing it in full –
1. Understanding MTD compliance and Upcoming Changes What is MTD compliance? MTD compliant VAT-registered businesses have clear, fully processed digital records and use compatible cloud-accounting
If you have been required to work from home at any time during the COVID-19 pandemic in the tax year 2020/21 or 2021/22, and your
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