Entries by Niki Freeman

Fee Protection Insurance

Targeted investigations by HMRC risk costing you and your business time and money. HMRC’s most recent report revealed that their compliance yield revenue reached record levels through targeting individuals and businesses like you. Investigations can cost you time and money but we can remove that risk and keep you protected with Fee Protection Insurance. Contact […]

HMRC Launch Further Help-to-Save Consultation

Following an earlier period of consultation, HMRC have published draft legislation along- side a further technical consultation document, setting out proposals for the main features, processes and requirements of the new Help-to-Save accounts scheme, which is set to commence in 2018. Help-to-Save will be targeted at working families on low incomes to help them build […]

HMRC Launch New Business Support Service

HMRC have launched a new service designed to directly help mid-sized businesses as they expand and grow. The new Growth Support Service (GSS) will be open to some 170,000 mid-sized businesses registered in the UK who are undergoing significant growth, and who either have a turnover of more than £10 million, or more than 20 […]

Update – Making Tax Digital for Business

In July, the Government confirmed that the Summer Finance Bill would be published in September, with the measures dropped from the pre-election Finance Bill being reintroduced in more or less the same form, from the initially planned commencement dates. Clauses dropped from the pre-election bill and expected to be brought back include those on Making […]

Case Study: Double glazing salesman was self-employed

Employment status tax cases often make the headlines in the professional press and the June 2017 case of Tomlinson was no exception. In this case, the First-tier Tribunal found that a double glazing salesman (Mr Malcolm Tomlinson) was self-employed and not an employee as he had claimed. As with most employment status cases, this case […]

New anti-money laundering regulations

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Pay) Regulations 2017 (SI 2017/692) took effect from 26 June 2017 and replace the previous 2007 Regulations with new statutory requirements for systems and procedures. Broadly, the regulations require firms undertaking certain financial activities to apply risk-based customer due diligence measures and take […]

Research & Development Tax Relief

Does your company do one of the following seven things? Develop new software Implement product automation Launch new products Develop new materials Create new recipes Improve processes Develop new products or improve existing ones If so then your company could qualify for R&D tax relief and get some money back to help fund your next […]

Digital Tax Accounts and Making Tax Digital

HM Revenue and Customs (HMRC) announced its new Making Tax Digital (MTD) in the March 2015 Budget but since then, there have been many consultations and changes in the implementation dates. The aim is for HMRC to be interacting digitally with all taxpayers. MTD had been planned to start in April 2018. It will now […]

Budget Report 2016

This report is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. Throughout this guide we have included tips and ideas for effective tax and financial planning, but it is important to remember that this planning should be an ongoing year‐round process, rather than […]