HMRC has won a legal case over a contractor loan scheme, where they are now able to collect more than £40 million in unpaid taxes. Hyrax Resourcing Ltd is is an accounting company incorporated on the 19th of February, 2014….
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The P11D is a form UK employers must submit to the HMRC detailing the cash equivalents of benefits and expenses that they have paid to employees during the tax year. When is a P11D required? A P11D is required when…
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The regulations to bring into force Making Tax Digital for VAT are now law. This means that digital VAT returns will be required from 1 April 2019. MTDfV is the first phase of HMRC’s landmark Making Tax Digital (MTD) regime….
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On Tuesday 13 March The Chancellor Philip Hammond presented his first Spring Statement. His speech provided an update on the economy and a response to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of…
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Every year the HMRC are inundated, with weird and wonderful excuses to why people cannot meet the fast approaching January tax return deadline. Along with excuses they also get some fairly optimistic expense claims. Here are a few for starters…
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Accounting can be complicated. Whether you’re a small, medium or large business, if you don’t know what you’re doing, tackling your accounts can be a daunting task. Not only that, but there is also the added pressure of having to…
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If so, there may be some good news for you! The Government has recently announced their new Help to Save scheme. People on low incomes can expect to benefit from the scheme, to help them further build up their savings….
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It has recently been announced that the HMRC are introducing a new service called the Growth Support Service. This new service is put in place to help mid-sized businesses as they expand and grow. With around 170’000 mid-sized businesses registered…
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Bookkeeping is an essential part of running a successful business, whether the company is a one-man band or has hundreds of employees on the pay role. Bookkeeping can be an extremely time consuming task and can take you away from…
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However big or small, old or new your business is one of the most important aspects will be the accounts. This is often the heart of any company. Without proper management they can fall into disarray. Chartered accountants can ensure…
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As a business, it is important to keep with the latest news and how this could affect you and your business. Changes to legislation and governmental policies are important to note, as it’s even more important to ensure you’re business…
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Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is now being rolled out to parents, starting with those parents with the youngest children first. The new…
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