General

IR35: Guidance for Contractors

As of April 2020, changes to IR35 (off-payroll working rules) will likely affect contractors working through intermediaries.  From April 2020, medium and large organisations in the private sector will have to confirm the employment status of individual contractors, something which up until now, has been the responsibility of the contractors themselves (if working within the […]

Self-Assessment Tax Return: A Tale of Deadlines, Submissions and Excuses

The Self-Assessment Tax Return deadline is fast approaching, with final submissions due by Friday 31st January.   If you’re one of the millions of taxpayers still to file their online tax assessments then you may be feeling the pressure.  You can find more details about the Self-Assessment Tax Return and what you need to know […]

Your Self Assessment Tax Return and Why Not To Miss The Deadline

Your Self-Assessment Tax Return deadline is due, and in a bizarre set of circumstances, it’s potentially a race to ensure that you have it successfully submitted before the chime of Big Ben strikes on January 31st. Regardless of which side of the Brexit fence you sit, one thing we can all agree on is that […]

Surviving the Winter: How to Strengthen your Cashflow

As we mentioned in a recent Linked In post, the expression ‘Cash is King’ is still as relevant as ever.  It may be accused of being overused but the cash is king mantra still holds true, especially for those small businesses approaching the winter crunch. If you are worried about paying your bills and surviving […]

Keep Your Receipts!

When starting your own business there are a hundred and one things to think about, so it’s no wonder that the smaller aspects can easily get lost among the chaos.  James Caan once stated that “the biggest rookie error I’ve seen startups make is the reluctance to track transactions.” In other words, not keeping their […]

What is IR35 and how will it affect you?

What is it? Put simply, IR35 is tax legislation designed to combat tax evasion by workers and the businesses hiring them.  More specifically, those workers supplying their services to clients via an intermediary – often known as “umbrella companies” – where they would be seen as employees were that intermediary not to be used. Why […]

Protect Yourself from Fraud

Scammers and fraudsters have been around forever and being online is certainly no protection against people trying to separate you from your money.  Unfortunately scam e-mails are common-place these days but one particular scam always seems to pop up around this this time every year – HMRC fake e-mails. Everyone has received these fake messages […]

Payroll Submissions and the Easter Holidays

A new payroll year has started and, among the endless double checking and final submissions, the first awkward challenge is already here. The Easter bank holiday is falling in such a way this year that it’s possible for your usual payment date to fall on one of four non-banking days.  This year, through April 19th […]

Making Tax Digital: Statements and Delays

Delays to the implementation of Making Tax Digital were expected, perhaps inevitable, but what does that mean for you and your business?  Among the avalanche of recent Brexit news, there was a Spring Statement that seems to have flown comparatively under the radar. In this statement, there were two things in particular that stood out […]

I’ve overpaid tax!

I’ve overpaid tax, how can I get it back? If you have overpaid tax it’s understandable to want to claim this back as soon as possible. In order to do so, you will need to lodge the details of all your income and reliefs to HMRC. When can I do this? Those who are registered […]

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