Using directors’ loans to benefit your business
Posted on August 1, 2024 Posted in - Blog, Blogs, HMRC, Loans
Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.
Category: HMRC
The ROI of investing in financial technology – Is it worth it?
Posted on July 30, 2024 Posted in - Blog, Blogs, HMRC
As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the efficiency of your business. In 2024, that means investing in financial technology, sometimes referred to as ‘fintech’.
Is your business running a workplace nursery scheme? Key steps to remain tax compliant
Posted on July 23, 2024 Posted in - Blogs, HMRC
HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.
AI in tax investigations – What does it mean for you?
Posted on June 5, 2024 Posted in - Blog, Blogs, Business, HMRC, Tax, Tax Blog
Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it.
Earning between £100,000 and £150,000? Your tax return is changing
Posted on May 15, 2024 Posted in - Blog, Blogs, Business, Business Advice, Finance, Financial Planning, HMRC, PAYE, Personal Tax, Self Assessment, Tax, Tax Blog, Tax News, Tax Planning
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
Changing your VAT details? Remain vigilant over latest fraud activity
Posted on May 7, 2024 Posted in - Blog, Blogs, Business, Business Advice, HMRC, SME, SMEs, SMEs / Business, VAT
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.
HMRC has clarified tax rules on commuting for hybrid and remote workers
Posted on April 24, 2024 Posted in - Blog, Blogs, Business, Business Blog, HMRC, Home working and expenses, Tax, Tax Blog, Tax News
In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.
Ahead of the 6 July deadline, remember that P11D rules are changing
Posted on April 23, 2024 Posted in - Blog, Blogs, Business, Business Advice, HMRC, Insurance, SME, SMEs, SMEs / Business
If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).
What are the benefits of using the HMRC app?
Posted on April 11, 2024 Posted in - Blog, Blogs, Business, Business Advice, Finance, HMRC, MTD, Tax, Tax Blog
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.
Due a tax rebate? Keep an eye on your account
Posted on April 9, 2024 Posted in - Blog, Blogs, Business, Finance, HMRC, Latest News, SMEs, SMEs / Business, Tax, Tax Blog, Tax News, Tax Planning
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.