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Legal & Financial
Digital tax accounts 'will be good for business and government'

Digital tax accounts 'will be good for business and government'

In the last few months, the government and HMRC have started to explain their roadmap for making tax digital. There have been complaints from some trade groups that plans requiring...

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Legal & Financial
OTS urges tax simplification for microbusinesses

OTS urges tax simplification for microbusinesses

The Office of Tax Simplification (OTS) has called for a series of changes to the tax system to ease the administrative burden felt by microbusinesses. In its small company taxation...

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Legal & Financial
End of tax year checklist for small businesses

End of tax year checklist for small businesses

With the end of the tax year looming, now is a good time to review your personal and business affairs to ensure you are tax efficient. Here, Bristol accountant James Comer runs through...

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Legal & Financial
HMRC collects extra £3.5bn from small business VAT

HMRC collects extra £3.5bn from small business VAT

HMRC has raised an additional £3.5bn in the last year through inquiries into the underpayment of VAT by small businesses, according to tax investigations insurance firm Professional Fee Protection...

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Legal & Financial
How to prepare for an HMRC VAT inspection

How to prepare for an HMRC VAT inspection

HMRC has the power to visit your business to inspect and review your VAT records. But how does this work and what are they looking for? Below Bristol based accountant James Comer runs through...

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Legal & Financial
Only weeks left to petition new dividend tax

Only weeks left to petition new dividend tax

Serena Humphrey almost didn't earn anything in her business from September to December last year. She feels so strongly against the new dividend tax changes coming into force this year, that she...

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Legal & Financial
Business or hobby: How does VATMOSS apply?

Business or hobby: How does VATMOSS apply?

Writing an article to define the difference between a hobby and a business is like trying to eat soup with a knife. Ultimately, there can be no single statement that states the dividing...

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Legal & Financial
Self assessment panic? Five things to do right now

Self assessment panic? Five things to do right now

For those of you who follow football, you may have noticed the anomaly that the January 2016 transfer window actually closes in February (11pm on 1 February). The footballing powers are giving...

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Legal & Financial
Small businesses urged to act on auto enrolment or risk fines

Small businesses urged to act on auto enrolment or risk fines

The Pensions Regulator (TPR) is warning small and micro businesses to get on top of their auto enrolment obligations for 2016 or risk fines. It has sent letters to employers, letting them...

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Legal & Financial
Digital Tax Accounts: The bigger picture

Digital Tax Accounts: The bigger picture

HMRC announced it would make its new digital tax accounts, available to everyone from April 2016, mandatory to the self-employed first. From 2017-18 most businesses, including those who...

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Legal & Financial
UKBF's self assessment season survival guide

UKBF's self assessment season survival guide

It's January and there's just days until the self assessment deadline, and you're still not sure what you've got to do? Never fear, UK Business Forums is here. Remember, a tax...

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