Treating Your Staff And Customers At Christmas

Christmas is fast approaching, and many business owners think about treating their staff and customers at this time of year ...

HMRC Are Sending Nudge Letters About Cryptocurrency

If you've recently received communication from HMRC regarding cryptocurrency, don't ignore it ...

Are You Behind With Your Tax Bills?

As the economy continues to grow, we can expect to see a sea change in how HMRC approaches tax debt ...

CGT Filing Deadline Extended To 60 Days

The Government has extended the deadline for submission of a Capital Gains Tax return from 30 to 60 days ...

Inheritance Tax: Gifts Out Of Income A Very Valuable Relief

Out of all the tax reliefs and exemptions, probably the most generous of them all is this Inheritance Tax exemption ...

HMRC Is Collecting Information On You!

HMRC has many different sources of information that it can use to compile information about every UK taxpayer ...

Increase In The Taxation Of Dividends

For many years, dividends have been taxed at a lower rate. This means taking a small salary and then dividends on top ...

Important Changes To The Reporting Of Non-Taxable Trusts

New rules mean that Non-Taxable Trusts can register via HMRC's Trust Registration Service, and the deadline has been set ...

Expat Landlords Disclose Undeclared Rental Income

There are many expat landlords who moved from the UK and have let out their UK property without declaring income ...

Overview Of The Health And Social Care Levy

The controversial Health & Social Care Levy was passed by MPs last week. Many politicians are calling it the Care Tax ...

Inheritance Tax Residence Nil-Rate Band

Many people are not aware of the Residence Nil-Rate Band for Inheritance Tax. This is a very valuable relief ...

Methods HMRC Uses To Find Out About Rental Properties

One of the commonest questions I get asked about rental properties is how HMRC will discover a landlord's income ...

Capital Gains Tax: What Is Classed As Residential Property?

Changes to taxes over the years mean the tax treatment of residential property and commercial property is different ...

An Accountant Or A Tax Advisor

Accountants are the mainstay of the business world, but not everyone has a tax advisor. I think they're missing out ...

Private Residence Relief And Eligible Periods Of Absence

Many homeowners pay Capital Gains Tax on the sale of their property, but you can claim Private Residence Relief ...

HMRC Tax Penalties Are About To Change

HMRC is changing the way it calculates tax penalties to make things fairer and more consistent ...

Basis Periods To Be Abolished Due To Making Tax Digital

If your business is unincorporated, you may see a bumper tax bill in 2022/23 as your accounts are adjusted ...

HMRC Enquiries: What To Do When They Get In Touch!

I don't think anyone looks forward to a conversation with HMRC as their enquiries are both inconvenient and stressful ...