It all started with HMRC’s Making Tax Digital (MTD) initiative. As the government tries to modernise the tax system, improve accuracy and streamline processes, the roll-out of MTD for VAT …
Payroll – Staying Compliant
Meeting employment rights should be a priority for every business, especially when we know from Chancellor Sajid Javid’s that the National Living Wage (NLW) will likely rise over the next …
HMRC Myth Busting – what powers do they really have?
When faced with a HMRC tax inspection, you would be forgiven for thinking that they have the right to access your entire premises and any documents. In fact, this isn’t …
Updated: Our guide to salary and dividends – 2019/2020
Our guide to salary and dividends for limited company directors – 2019/2020 Looking for advice on profit extraction from your limited company? You’re a director and want to take a …
Are you up to date on the Changes to Capital Gains Tax reporting on Residential Properties?
The government has recently announced changes to Capital Gains Tax reporting for residential properties, but what are the key things you need to know? Richard Gold of Barnett Ravenscroft Accountants …
HMRC penalties are on the rise, don’t get caught out
A new report has shown that the HMRC have more than doubled the number of penalties that it hands out for ‘deliberate’ errors on tax returns. 31,500 of the harshest …
Personal and Business Online Tax Accounts – Keep it simple!
Have you put off opening a Tax account online? Did you know that it’s easier to do and use than you think? It’s HMRC’s aim to move everyone to online …
How small and medium-sized businesses are using payroll systems to drive efficiency
We now live in a world where there is no escaping conversations about data and systems. As government and legislative obligations increase for business owners, accountancy software developers are continuously …
Cloud accounting 101
View PostHMRC are overcharging tax on savings drawn from pension pots – are you due a rebate?
If you are considering drawing out savings from your pension pot, then you need to be aware of the automatic tax HMRC are taking from your drawings. Since April …
