by Jessica Garbett | May 1, 2018 | ACCA, business taxation, personal taxatation
SMEs are being consulted on changes which will encourage further training of staff. The government has published Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed. Changes...
by Jessica Garbett | Apr 24, 2018 | ACCA, business issues, business taxation, capital taxation
Changes in the pipeline for the corporate intangibles fixed assets regime As announced in the Autumn Budget, HMRC has launched a consultation document on a review of the corporate intangibles fixed assets regime (19 February 2018). Background The Intangible Fixed...
by Jessica Garbett | Apr 19, 2018 | ACCA, financial reporting
A look at the most common errors and misunderstandings. Accounts prepared under FRS 105 are now an accepted and popular option for micro-entities. However, there are a number of important points about their preparation and how the information is filed at Companies...
by Jessica Garbett | Apr 17, 2018 | ACCA, business issues
Examining the good, bad and ugly issues which affect end of life companies. There are many reasons why a company is dissolved, ranging from insolvency to simply having come to the end of its useful life. Whatever the reason, it is essential that the correct advice is...
by Jessica Garbett | Apr 12, 2018 | ACCA, VAT
Have your say on proposed changes to the VAT threshold. Practitioners and their clients may wish to consider the VAT threshold call for evidence. It examines the effect of the current VAT threshold on small businesses and attempts to identify whether or not the...
by Jessica Garbett | Apr 3, 2018 | ACCA, business taxation, personal taxatation
New rules for the tax treatment of termination payments of PILON. New rules for the tax treatment of termination payments of payments in lieu of notice (PILON) are being introduced from 6 April 2018. General tax law for termination payments In general, payments made...
by Jessica Garbett | Mar 29, 2018 | ACCA, personal taxatation
Why these changes are important HMRC has updated its guidance on the deemed domicile rules and this includes the changes that came into force from 6 April 2017. You should be aware of the changes and how these might affect you in the current tax year. The rules before...
by Jessica Garbett | Mar 29, 2018 | WhitefieldNews
We are very pleased to announce the completion today of a transaction to purchase N R Welch and Co of Shanklin. Here is our News Release this morning: Accountants Whitefield Tax have recently acquired Shanklin-based Neil Welch Accountants. Neil and Stephanie, his wife...
by Jessica Garbett | Mar 28, 2018 | ACCA, pensions, personal finance, personal taxatation
With various reliefs available, what is the true cost of pension contributions to individuals? An individual under 75 years of age is entitled to tax relief on the contributions they make to a registered pension scheme during a tax year. An individual is entitled to...
by Jessica Garbett | Mar 26, 2018 | ACCA, HMRC
Registration open for seven digital meetings hosted by HMRC. The latest updates are: What’s new for employers 2018: This meeting will give agents an overview of the employer payroll changes from 2018, including, the change to the Income Tax basic personal...
by Jessica Garbett | Mar 26, 2018 | ACCA, business taxation, employer returns, pension reform
Changes are coming, including to minimum contributions. There are several changes on the horizon, with the most significant being the change in minimum contributions as well as the authentication process for the declaration of compliance. This will impact on the...
by Jessica Garbett | Mar 22, 2018 | pension reform, pensions
This is in today from The Pensions Regulator, in their own words: On 6 April the minimum amount employers must pay into workplace pensions is going up On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying...
by Jessica Garbett | Mar 22, 2018 | ACCA, business issues, business taxation
The how, when and by whom relief can be claimed on losses. Who is eligible? Relief is available where a loan: is made to a UK-resident borrower is wholly for the purposes of a trade or to set up a trade, as long as they start trading has not been assigned by the...
by Jessica Garbett | Mar 19, 2018 | ACCA, business taxation, capital taxation, enquiries and tax disputes, HMRC, personal taxatation
Understanding the time limits for discovery assessments. The legislation that gives the power to HMRC to make a discovery assessment is section 29 Tax Management Act (TMA) 1970. Requirements for a discovery assessment HMRC cannot generally raise a discovery assessment...
by Jessica Garbett | Mar 13, 2018 | budget, business taxation, capital taxation, HMRC, IR35, personal taxatation, politics, property taxation
Please note this content was written contemporaneously, and may well now be superseded We were promised a very short Spring Statement with most of the juice reserved for Autumn Budgets, and that’s what we got in today’s – 13 March 2018 – Spring...
