Disguised Remuneration – HMRC crackdown with the New Loan Charge
HMRC has started its crackdown on disguised remuneration – basically tax evasion – and is warning against joining schemes that advertise themselves as avoiding the new loan charge. They don’t avoid the charge and may land you in…
Top Ten Tips for staying cool at work
British Summertime is finally here! Although it usually only lasts a couple of days and the rest is a wash out, the temperatures in our work places can soar. Here are our top ten tips on how to…
Xero introduces Small Business Insights – for free!
Xero has introduced Small Business Insights for free for everyone! We make no secret that we love Xero here at Flamingo Accounting, but now they have given us another reason to love them more with the introduction of…
What does my tax code mean? 18/19
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold on you, and…
The most tax efficient way to pay yourself in 2018/19
The most tax efficient way to pay yourself in 2018/19 The last tax year ended 5th April and the 2018/19 started on the 6th, meaning that new rules and allowances apply – so you need to find the…
Information to keep for your tax return
Last week saw the end of the 17/18 tax year on 5th April, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of…
What is a P11D and do you need to complete one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC detailing benefits paid to their employees and the cash equivalents of those benefits. You will also need to file a P11D(b)…
What is the Research and development Tax Credit? And can you claim?
What is the Research and Development Tax Credit? And can you claim? The Research and Development Tax credit is a generous government scheme aimed at encouraging UK companies to take part in innovation and reward them for doing…
IR35: Are you employed or self-employed?
Are you employed or self-employed? And why does it even matter? Why should I be concerned about IR35? You should be concerned about IR35 because if HMRC take a different view to you on whether you are employed…
We are now a Bronze Partner with Xero!
We make no secret that we love Xero here at Flamingo Accounting! And now we are happy to be able to announce that we have been made a Xero Bronze Partner with them – and are already on…