Using a private vehicle for business entitles you and or your employees to claim mileage allowance to cover expenses. HMRC’s current mileage allowance rates are: 45p per mile for the...
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New Chancellor, Jeremy Hunt, has reversed most of the announcements made in late September. Mini Budget Decisions To Be Reversed: This unprecedented action means there will be: No reduction in...
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Ask yourself these important questions: Would you use an unqualified accountant? Does it matter which qualifications your accountant has? Why is being a ‘chartered’ accountant important? The answers are important!...
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Last week saw the new Chancellor’s Emergency Budget announcement. Whilst billed as a mini budget, it certainly included some big changes impacting businesses and individuals. We’ve summarised the key points…
HMRC investigations have risen by 60%. Wow! The leniency shown during the pandemic is long gone. Landlords with rental properties in the UK and overseas are being targeted, alongside individuals...
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Important Update: on 19 December 2022 the Government announced that the next stage of Making Tax Digital would be postponed from April 2024 to April 2026. The threshold for meeting...
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The number of people filing their tax returns on the first day of the new tax year has more than doubled in the last four years. Almost 30,000 more people...
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There was a significant ruling in the Supreme Court on 21 July which impacts those who are on zero hours contracts and calculating holiday pay. If you utilise this type...
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Have you received a request to submit an income tax return? Maybe you’ve just moved to the UK and this is your first experience of the UK tax system? Technology...
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A director’s loan account shows the net position between the company and the director, reflecting loans to and from directors, terms and the amount involved. If your company has directors’…
