News and Comment - Page 18 of 101 - Whitefield Tax - Isle of Wight Accountants

CGT and compensation on assets damaged, lost or destroyed

by Jessica Garbett | Dec 11, 2023 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What is the capital gains tax treatment? Compensation received by an individual for the loss or destruction of an asset is treated as a...

ICO publishes new guidance on monitoring workers

by Jessica Garbett | Dec 8, 2023 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The guidance from the Information Commissioner’s Office covers the workplace and beyond Employers will welcome new guidance from the UK...

Autumn Statement – Making Tax Digital Small Business Review

by Jessica Garbett | Dec 7, 2023 | ACCA, budget, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Pledge to simplify and improve the MTD for ITSA system for taxpayers and their representatives In December 2022, the government announced...

Change to FreeAgent Pricing from February 2024

by Jessica Garbett | Dec 7, 2023 | business issues, WhitefieldNews

As you may know we partner with FreeAgent for user friendly accounting software for our clients. FreeAgent recently advised us of a price rise from 1st February 2024. We are passing these increases on to our clients directly, with no profit uplift on our part. ...

Autumn Statement – Business rates in England

by Jessica Garbett | Dec 6, 2023 | ACCA, budget, business taxation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Small business multiplier frozen while the 75% RHL relief will be extended A third of properties in England have already been taken out of...

Autumn Statement – IR35 and calculating PAYE liability in cases of non-compliance

by Jessica Garbett | Dec 5, 2023 | ACCA, business taxation, IR35

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA New proposal likely to impact individuals who have been incorrectly determined as self-employed for the purposes of the off-payroll working...

Autumn Statement – Capital allowances and full expensing

by Jessica Garbett | Dec 4, 2023 | ACCA, budget, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Spring announcement on full expensing made permanent in Autumn Statement During its Spring Budget 2023, the government introduced two new...

Autumn Statement – Cash basis expansion adds flexibility for businesses

by Jessica Garbett | Dec 1, 2023 | ACCA, budget, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Legislation will remove turnover restrictions and allow businesses to move from cash basis to accruals and back Legislation will be...

Government delays or drops green and other property-related proposals

by Jessica Garbett | Nov 30, 2023 | ACCA, business issues, business taxation, capital taxation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The government has announced delays to various green and other proposals affecting property Property owners, landlords, tenants, managing...

Autumn Statement 2023 – Understanding Cash Basis Accounting Changes

by Jessica Garbett | Nov 22, 2023 | budget, business issues

In the Autumn Statement 2023 an announcement was made that, for unincorporated businesses, Cash Basis Accounting would become the default for reporting profits on Self Assessment rather than Accruals Basis Accounting. So, what does this mean? And is it a good thing?...

Autumn Statement 2023 – have the Pros and Cons of Incorporation Changed?

by Jessica Garbett | Nov 22, 2023 | budget, business taxation

Within the UK business tax system there is a split between incorporated and unincorporated structures. The former – incorporated structures – are companies with shareholders and directors, paying Corporation Tax on business profits, and Income Tax, NI and...

Autumn Statement 2023 – A first look

by Jessica Garbett | Nov 22, 2023 | budget, business issues, business taxation, capital taxation, pensions, personal finance, personal taxatation, politics

This is a first look at the Autumn Statement 2023, delivered 22nd November 2023. First, a few caveats This analysis is focused on the interests of a typical client of Whitefield Tax or our daughter business YogaTax – it is not a comprehensive review of all...

Small business owners losing sleep over money worries – ACCA

by Jessica Garbett | Nov 21, 2023 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Almost a third of small business decision-makers are struggling to sleep because of concerns about the challenges they are facing, according...

Practical issues relating to dividend distributions

by Jessica Garbett | Nov 18, 2023 | ACCA, business issues, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Answers to the most commonly asked questions around dividends and their disclosure in the accounts A dividend is a payment made by the...

Online traders face VAT avoidance clampdown

by Jessica Garbett | Nov 16, 2023 | ACCA, business taxation, VAT

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC has written to online marketplace traders as it seeks to reduce VAT avoidance As highlighted within Agents update issue 112, HMRC is...

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Next Entries »

CGT and compensation on assets damaged, lost or destroyed

ICO publishes new guidance on monitoring workers

Autumn Statement – Making Tax Digital Small Business Review

Change to FreeAgent Pricing from February 2024

Autumn Statement – Business rates in England

Autumn Statement – IR35 and calculating PAYE liability in cases of non-compliance

Autumn Statement – Capital allowances and full expensing

Autumn Statement – Cash basis expansion adds flexibility for businesses

Government delays or drops green and other property-related proposals

Autumn Statement 2023 – Understanding Cash Basis Accounting Changes

Autumn Statement 2023 – have the Pros and Cons of Incorporation Changed?

Autumn Statement 2023 – A first look

Small business owners losing sleep over money worries – ACCA

Practical issues relating to dividend distributions

Online traders face VAT avoidance clampdown

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