HMRC may contact you directly and ask for information by way of a “Compliance Check”. Here's what to do if you are contacted.
We have collated some useful information for the new tax year in this handy post. If you need to discuss any of them in more detail, simply let us know. Personal Allowance Increase The personal Allowance rises to £12,500. An Increase of £650 from the £11,850 allowance in 2018/19. The income limit
Find out about making tax digital with our Making Tax Digital Guide. What you’ll learn: What is Making Tax Digital? Does this affect my business? Is it compulsory? Are the tax rules changing? When does it start? What do I need to do? What is Making Tax Digital? Making Tax Digital (MTD) is an HMRC
For the past couple of months you'll have been hearing a lot about the new GDPR law and probably receiving a lot of emails from companies asking you to accept to remain on their mailing lists. So, how can you ensure your business complies? GDPR Re-cap It was announced that the new General Data Protection
Simply put, Management Accounting provides regular, timely financial and statistical information to enable you to make informed business decisions. This is vital for all businesses, as it is used to drive performance, inform strategy, maximise profit and highlight issues. Depending on the size of your business, Management Accounts, should be prepared on a monthly or
The total minimum contribution for automatic enrolment pensions increases from 2% to 5% of qualifying earnings on 6 April 2018, by law. This contribution will increase again on 6th April 2019 to a total minimum amount of 8%. As an employer you must ensure that you have increased the amount of their minimum contributions into their staff's automatic
Bitcoin is a new digital currency using peer-to-peer technology and no central authority or banks, otherwise known as a ‘cryptocurrency’. The bitcoin is currently trading at £7579.17 to 1BTC (February 2018), following a fall from £15,000 in December 2017. As the value of the bitcoin rises and falls, many are considering the tax implications of
If you noticed your tax return being a little higher this year, here may be the reason: Many company owners pay themselves in the form of dividends, rather than a salary. However, in 2016 a new regulation was introduced called the ‘Dividend Tax Allowance’ whereby only the first £5,000 of your dividend payment will be