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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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...