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 ...

The Benefits Of Company Pension Contributions

If you're looking to extract profits from your limited company, salary and dividends are the usual way to go ...

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 ...

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 ...

Dividend Payments During The Pandemic

Did you know that paying yourself illegal dividends means you could become personally liable for company liabilities?

Failure To Report SEISS Grants Correctly Causing Delays

According to HMRC, a number of Self-Assessment tax returns for the 2020/21 tax year contain inconsistencies ...

IT Contractor Loses Latest IR35 Case

An IT contractor providing services to a building society was ordered to stump up £74,523 in Income Tax and NI ...

Should You Set Up A Trust Or Family Investment Company?

If you're estate planning right now, you could be considering a Family Investment Company over a Family Trust ...

Reviewing Your PAYE Settlement Agreement For COVID-19

Employers meet the tax on benefits and expenses for an employee using a PAYE Settlement Agreement ...

P11D: Focus On Staff Entertaining

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...