Medium and large employers are now required to determine the employment status of contractors after major changes to the off-payroll working rules came into force this month.
IR35: with not long to go, are you prepared?
The ‘Off-Payroll Reforms’ for the Private Sector were supposed to begin in April 2020. However, the impact of coronavirus meant that the Government delayed its start until 6 April 2021 – meaning there is only a matter of weeks left to prepare.
Don’t miss Personal Tax allowances before the end of the Financial Year!
There are many tax reliefs available to individuals and some are often overlooked. Here are some ideas you could consider before the end of the tax year on 5 April, so check that you have made the best use of them. Income Tax Inter-spouse transfers – you can maximise capital gains and income tax rates and […]
Why are you required to provide ID to your accountant?
You may be unsure as to why you are required to provide proof of identity to your accountant, which we need to refresh on a periodic basis – here’s why we need to ask for this.
Providing identification to us is now much easier and hassle free
We are required by law to ask you to provide proof of your identity to us and refresh this on a periodic basis. Pre-Covid times, providing your proof of identity to us (as required by anti-money laundering regulations) was a simple matter of you providing documents at a face-to-face meeting (remember those?!?). The alternative was […]
Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales
New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced.
Year-end tax planning – what could you benefit from?
Businesses and individuals have just over a month before the tax year ends on 5 April 2021. Therefore, it is essential to utilise all the tax reliefs and allowances available to minimise your tax liabilities before this date.
Online sales tax proposal for Autumn Budget
The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.
Business owners put billions of pounds on the line to secure early CBILS loans, figures reveal
Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed.