Do I need to file a personal tax return for 2018?
There are just under four months to go before the tax returns for 2017/18 are due for filing and payment. Every year we are asked the same thing – ‘Do I need to fill in a tax return?’. …
Bizarre excuses for late filing of accounts
Companies House has released its list of most bizarre excuses that people have tried to use for not filing their company accounts on time. The rather unusual list of reasons companies gave for not filing their accounts is…
Why you shouldn’t wait until the last minute to file your personal tax returns
Self-assessment personal tax returns for the 17/18 tax year are due for filing, along with any payment due, by 31st January 2019 at the latest. But why would anyone leave it that late to file it? You can file…
Rise in losses from staff fraud
According to RSM the amount that businesses have lost as a result of staff fraud has doubled in the past year. ActionFraud stated that businesses reported losses because of staff fraud of £40m in 2016-17, but that has…
What is Making Tax Digital (MTD) ?
What is Making Tax Digital (MTD)? Making Tax Digital, known as MTD, is a Government initiative to simplify the UK tax system and make the recording and reporting of taxes easier for businesses. It will require all businesses…
Have we seen the end of the traditional 9 to 5 working day?
New research suggests that the traditional 9 to 5 working hours are now only the norm for the minority of workers. A newly published YouGov survey has found that only 6% of those answering were working the traditional…
Is the Christmas party tax allowable?
It may only be September, but many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax allowable for your…
Potential dividend allowance cut could “clobber” small businesses
The Chancellor of the Exchequer has been urged not to ‘clobber’ small business owners by taking away the Dividend Allowance. The Federation of Small Businesses (FSB) has expressed concern that the Chancellor will reduce the tax free dividend…
Ageing SME directors are driving down the value of their business – and it’s costing their retirement!
A new study by Moore Stephens has shown that ageing directors of SMEs are failing to make adequate exit plans from their business, and thus driving down its worth and what they make from it when they retire.…
Auto-enrolment pensions spot checks are on the increase
The Pensions Regulator is increasing the amount of auto-enrolment spot checks it carries out, looking across Essex, Kent, Hertfordshire, Bedfordshire and Cambridgeshire. Over the last 12 months it has concentrated its efforts in the larger cities of London,…