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Five benefits of cloud accounting software
Switching to online accounting software means your businesses data is easily accessible, wherever you are, at any time, with any internet-enabled device.
Tax changes for overseas landlords with UK land and property
Any non-resident landlord (NRL) company with a UK property business will pay Corporation Tax instead of Income Tax from 6 April 2020.
End of year tax planning: Use your allowances before 5 April 2020
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
Trust registration changes are coming
New rules are coming into effect in 2020 meaning that all express trusts will need to be registered, whether or not they are liable to UK tax.
Changes to Making Tax Digital coming in April 2020
Thousands of businesses with £85,000+ turnover filed their VAT on HMRC’s Making Tax Digitals platform. HMRC have released new changes to MTD coming in April 2020.
Tax relief on professional fees and subscriptions
Did you know that you are allowed to claim tax relief on your annual professional fees or subscriptions to some HMRC approved professional organisations? The costs are tax-deductible generally where you must have a membership to do your job or it is helpful for your...
Brexit: What happens now the UK has left the EU?
HMRC has confirmed that the current rules on trade, travel, and business will continue to apply until the end of the Brexit transition period on 1 January 2021.
Tax returns: 5% penalty for being 30 days late
Did you know that you will be liable to a 5% penalty in addition to interest charges if your tax is paid more than 30 days late?
HMRC shares bizarre excuses and expense claims on tax returns
Vengeful witches and pet hamsters feature in HMRC's list of weirdest unsuccessful excuses and expenses claims from the last decade. The list includes one taxpayer who claimed their mother-in-law was a witch who had cursed them, hamsters and dogs that had eaten the...
Introduction of paid parental bereavement leave for parents
Parents in the UK who suffer the devastating loss of a child will be entitled to 2 weeks’ paid statutory leave to grieve.
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