If you're self-employed or a landlord, big changes are coming in how you report your income to HMRC. Making Tax Digital for Income Tax (MTD IT) is part of the government’s plan to make the tax system more efficient, accurate and easier to manage. [...]
What Is a Pool Car? Everything You Need to Know About the Rules, Exceptions, and Record Keeping If your business provides a car for employees to share, and it’s used strictly for work, you might be able to classify it as a pool car. [...]
If you need to complete a Self Assessment tax return, we’re here to make it simple. Each year, HMRC requires millions of people to report their income through Self Assessment. Whether you are self-employed, a landlord, or have other untaxed income, knowing how the [...]
Many solicitors will refer to any charges that go over and above the basic fee for their services to the client as a ‘disbursement’. Disbursements may refer to expenses paid out on behalf of the client to a third party, for example. However, the term [...]
Now that a return to ‘normal’ is looking possible, we are talking to our clients about what happens next for businesses as they come out of lockdown. Many of you will have thought a lot about the future as a result of the last year, [...]
IR35 has been around for a long time, but some far-reaching changes mean that you might need to revisit this issue. We have set out some of the key questions you might have and explained what's changing and how to know if the changes apply [...]
What is Making Tax Digital? From 1st April all VAT registered businesses with a turnover over £85,000 will have to keep digital records and submit VAT returns using compatible software. Why? HMRC want to bring tax into the digital age, bringing together their internal systems [...]
