As a consequence of the increasing amount of missing trader VAT fraud in the construction industry forthcoming changes will alter the way that vat is calculated and paid by affected businesses. From 1 October 2019… Read More
Developments in the world of blockchain and crypto currency move fast and much has changed since HMRC’s original guidance on the subject of crypto currency published in 2014. In that original guidance there was a… Read More
Since its introduction IR35 has been fraught with uncertainty and it has never produced the millions of extra tax revenue that the Government predicted. HMRC have very few officers working on IR35 cases and following… Read More
We are delighted to announce that we have successfully submitted our first VAT return under the new Making tax Digital for VAT service #MTDfB. This makes us one of the first firms in the country… Read More
We are delighted to be partnered with Oxford Brookes University on their ACES project (Accounting for Community: Engaging Students) This week 16 undergraduates came to our office in Abingdon for a Charity Accounting Workshop. As… Read More
With Brexit looming no-one was really expecting any earth shattering news but better than expected tax receipts allowed the chancellor to make some welcome tax cuts whilst taking the opportunity to tighten up some perceived… Read More
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules… Read More
At the very heart of direct taxation for the self-employed is the concept of “wholly and exclusively for the purposes of the trade”. In order for an expense to be tax deductible the sole purpose… Read More
Many of our director/shareholders quite legitimately take their remuneration in the form of a small salary and the remainder in dividends. In most cases this avoids expensive National insurance charges which can be 12% for… Read More
These are worrying times for anyone providing their services through a Personal service Company (PSC) and potentially affected by IR35. Deciding whether a contract falls within or outside of IR35 can be very difficult as… Read More
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