New rules for payslips
Prior to 6 April, it was only employees that had the right to receive an itemised payslip, disclosing not only the amount of monies to be received but also the number of hours worked. This right is, from 6 April extended to all workers.
Myth busting MTD
Even as the deadline for Making Tax Digital approaches, less than one month away, there is still an alarming number of myths and misconceptions regarding MTD which make the implementation process a mind field for most businesses.
When is a dividend not a dividend?
One of the problems for the small business owner is the tendency to treat the family company as a family money-box and anything taken out other than salary is, by default, a dividend.
Is it time to update your worker status?
Tax avoidance and evasion have been hot topics with HMRC over the last few years. As part of their mission to crack down on lost revenues, HMRC has severely tightened up the rules around engaging workers on a self-employed basis.
Making Tax Digital – myths busted
18 Feb 2019 With less than two months to go until the first implementation of Making Tax Digital (MTD), it is still causing anxiety for business owners and finance teams alike. I hear myths such as “I must move to the cloud” and “I have to send HMRC my VAT workings” all too frequently. Neither […]
Corporation Tax changes: instalment payments regime
This blog is a timely reminder of the current instalment payment regime in force for what are defined loosely as 'Large' corporation taxpayers.