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Off-payroll mistakes now penalised

The private sector off-payroll working rules have been in place since April 2021, but for the first 12 months businesses have benefitted from HMRC’s relaxed stance on penalties. HMRC will now, however, penalise mistakes made in applying the rules. HMRC will charge penalties for any inaccuracies relating to the operation...

Company insolvencies on an upward trend

Although showing a slight improvement from March, the number of company insolvencies in April of...

Energy – Easing the Pressure of Rising Cost

In late May, the former Chancellor announced new measures to counter the rising cost of...

Charitable giving pitfalls

Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax...

Goodwood – win a track experience with Paige

Buy a raffle ticket and stand a chance to win an experience of a lifetime, a track day at the...
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Financial reports – more disclosure on the cards for businesses

A downside to running a limited company is that financial reports are publicly available. However, micro-entities and small companies do...
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Small business owners – double hit from rising prices

Small business owners face a double hit when prices rise - on their own spending power, and less revenue from cash-strapped customers.
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Higher rate taxpayers: no longer a select club

There was a time when paying tax at more than the basic rate made you a member of a somewhat select club, but higher rate taxpayer numbers are rising sharply. If that’s you, then maybe now is the time to speak to a tax specialist.
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Making Tax Digital update – May 2022

Making Tax Digital (MTD) will become mandatory for the self-employed and landlords in 2024. Although there is no major news, a recent webinar co-hosted by HMRC has shed more light on the sign-up process, the use of spreadsheets and joining the pilot scheme. 
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Student loan rule changes from 2023

Student loan rule changes for England and Wales starting in 2023 will see many paying more than their predecessors. Read more here.
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