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 […]

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 […]

How One Company Saved £9,000 in Tax with a Few Simple Steps

John & Elaine, the owner managers of ABC Technical Solutions Ltd were referred by another client because they were unhappy with their existing accountant. They had been with him for 10 years. For the last 3 years they had been asked to accept and sign off their accounts a matter of days before the filing […]

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 […]

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 […]

Do you need to keep a mileage log?

What is a mileage log?  If you use a vehicle for the purpose of your business, a mileage deduction is a great way to save a little extra tax. However, HMRC won’t just take your word for it, in order to claim this deduction you need proof. In other words, you need a mileage log.  […]

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