News and Comment - Page 30 of 101 - Whitefield Tax - Isle of Wight Accountants

ACCA: HMRC information and inspection powers

by Jessica Garbett | Feb 11, 2022 | ACCA, enquiries and tax disputes, HMRC

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Read our guide to understanding the investigation process One of HMRC’s responsibilities is to check that the correct amounts of tax have...

ACCA Guide to Preparing Your Annual Accounts

by Jessica Garbett | Feb 7, 2022 | 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 Preparing your annual accounts All companies must prepare annual accounts: for shareholders, and for returns to HMRC and Companies House....

ACCA: Latest changes to inheritance tax forms

by Jessica Garbett | Feb 4, 2022 | ACCA, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Increase in thresholds for reporting requirements IHT 205 from 1 January 2022 Following a review by the Office of Tax Simplification (OTS),...

ACCA Guide to VAT Accounting Schemes

by Jessica Garbett | Jan 31, 2022 | ACCA, VAT

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA VAT accounting schemes VAT accounting schemes can make your life easier, simplifying your VAT accounting and in some cases improving...

ACCA: Self-assessment tax returns for Landlords

by Jessica Garbett | Jan 28, 2022 | ACCA, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Do all landlords have to complete a tax return? The tax liability depends on the level of profits and the personal circumstances of each...

ACCA Guide to Home Expenses for the Self Employed

by Jessica Garbett | Jan 24, 2022 | 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 Home expenses to claim when you’re self employed: FAQs 13 FAQs people ask about expenses they can claim when running a business from...

ACCA: How does the base rate rise impact on HMRC’s rates?

by Jessica Garbett | Jan 21, 2022 | ACCA, HMRC

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A summary of interest rate increases On 15 December 2021, the Bank of England increased the base rate from 0.10% to 0.25%. As HMRC’s interest...

Employers – Covid SSP Recovery Portal Now Open

by Jessica Garbett | Jan 20, 2022 | business issues, business taxation, Covid19, employer returns

Back in December 2021 when Covid Omicron variant was spiking, Government announced that smaller employers would be able to recover Covid related SSP. As a recap, employers cannot normally reclaim SSP – Statutory Sick Pay – paid to employees. However in...

Warning From HMRC on Paying Self Employed Class 2 NI by 31 January 2022

by Jessica Garbett | Jan 19, 2022 | business taxation, Covid19

You may recall that HMRC recently announced an extension to the 2020-21 Self Assessment filing deadline from 31 January to 28 February 2022. HMRC extends Self Assessment Deadline for 2020-21 HMRC have made an announcement around paying Class 2 Self Employed NI. Long...

ACCA Guide to Tax Inspections and How to Avoid Them

by Jessica Garbett | Jan 17, 2022 | 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 Tax inspections and how to avoid them ‘Anybody running a business needs to be concerned about the possibility of facing a tax...

ACCA: Statutory Sick Pay Rebate Scheme

by Jessica Garbett | Jan 14, 2022 | ACCA, business issues, Covid19, employer returns

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The government is temporarily reintroducing the SSPRS to support employers facing heightened levels of sickness absence due to Covid-19 The...

ACCA Guide to Making Tax Digital: how to file a VAT return

by Jessica Garbett | Jan 10, 2022 | ACCA, VAT

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The rules on how to keep VAT records and submit VAT returns changed on 1 April 2019 Making Tax Digital (MTD) is the government’s plan to...

ACCA – Top Ten Common Tax Elections and Claims

by Jessica Garbett | Jan 7, 2022 | ACCA, business taxation, capital taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Common elections and claims that are useful tax planning or compliance tools Some of these claims have strict time limits, which should be...

HMRC extends Self Assessment Deadline for 2020-21

by Jessica Garbett | Jan 6, 2022 | business taxation, Covid19, HMRC, personal taxatation

Unsurprisingly given the chaos Coronavirus continues to cause, HMRC have extended the filing deadline for 2020-21 returns from 31 January 2022 to 28 February 2022. However the payment deadline hasn’t changed from 31st January, so interest will run from 1...

Christmas Hours at Whitefield & YogaTax

by Jessica Garbett | Dec 20, 2021 | WhitefieldNews

Our office will close be closed for the Christmas and New year Break from 3pm 23rd December, until Tuesday 4th January. Some staff may be away from 20th onward. If you have Companies House accounts filings due by 31 December 2021, then the approval accounts must...

ACCA: HMRC information and inspection powers

ACCA Guide to Preparing Your Annual Accounts

ACCA: Latest changes to inheritance tax forms

ACCA Guide to VAT Accounting Schemes

ACCA: Self-assessment tax returns for Landlords

ACCA Guide to Home Expenses for the Self Employed

ACCA: How does the base rate rise impact on HMRC’s rates?

Employers – Covid SSP Recovery Portal Now Open

Warning From HMRC on Paying Self Employed Class 2 NI by 31 January 2022

ACCA Guide to Tax Inspections and How to Avoid Them

ACCA: Statutory Sick Pay Rebate Scheme

ACCA Guide to Making Tax Digital: how to file a VAT return

ACCA – Top Ten Common Tax Elections and Claims

HMRC extends Self Assessment Deadline for 2020-21

Christmas Hours at Whitefield & YogaTax

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