We regularly write articles to keep you up to date with changes that affect your growing business.
The UK and Spain are set to review how residents and companies based in Gibraltar are treated for tax purposes in a bid to tackle tax avoidance, it has been announced. It comes after the Joint Coordinating Committee and Liaison Body met last month to discuss tax co-operation between the authorities of Spain and Gibraltar,
HM Revenue & Customs (HMRC) has been unable to process a “significant” number of 2020/21 Self Assessment tax returns due to Self Employment Income Support Scheme (SEISS) reporting errors, it has been warned. Self-employed business owners are reminded that the first, second and thirds grants should be reported properly or risk potential fines for non-compliance.
With the effects of the coronavirus pandemic leaving many people short on funding, some have turned to side businesses to provide them with extra funds to make up for their financial losses. Starting a side business while working full or even part-time can sound daunting and almost an impossible task. However, the benefits do outweigh
Both the Bank of England and the UK’s leading business members’ organisation believe the economy is set to take off after the vaccine bump. GDP (Gross Domestic Product) is expected to rise sharply in the second quarter as lockdown eases. Bank economists say this is a result of the vaccine rollout and the fastest predicted
There are many problems associated with the pandemic, apart from the obvious one of the illness caused by the virus itself. Conmen and scammers have taken advantage of the situation, bombarding people and businesses with bogus claims about tax owed in the hope that just a few respond. For businesses, the accountant is the first
For many businesses, the pandemic has turned the world on its head, with many who might have expected to be profitable experiencing a loss. Sometimes losses happen simply because the business is very new, or because costs have unexpectedly risen. However, COVID-19 has thrown another dimension into the mix, seeing thousands of companies fail to
People who enrolled in the Self-Employment Income Support Scheme (SEISS) have been reminded that they must include income from their grants on tax returns to HM Revenue & Customs (HMRC), as it is subject to Income Tax and National Insurance. They should liaise with their accountants so an accurate return can be sent to HMRC,
The second part of a sweeping review of Capital Gains Tax (CGT) has been published with 14 key recommendations. In July 2020, the Chancellor asked the Office of Tax Simplification (OTS) to carry out a review, to “identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort
Putting together an efficient tax strategy should be a no-brainer for buy-to-let landlords seeking to maximise their income. It may not be quite as glamorous as hunting down the perfect property, but when it comes to saving cash, it can make a huge difference to your bottom line. There are several ways you can reduce
Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax. But despite launching in 2013, some businesses still do not fully understand how to use the RTI system – potentially resulting in fines and penalties.
There is less than one month remaining to claim grant funding through the SME Brexit Support Fund, businesses have been reminded. The initiative – which helps new and established businesses adapt to post-Brexit importing and exporting processes – will close to new applications on 30 June 2021. If you need help trading overseas, here’s what
The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees. On the horizon there is the all important P11D deadline looming, which may require some employers to report taxable benefits provided in the last year to HM Revenue & Customs
No resources found. Try a different category or search term.
Newsletter
We've hidden 10 Tunnock's Teacakes around the website. Tap the photos when you see them. When you find all 10, you'll be entered into a quarterly hamper draw and receive a complimentary financial health check.
You’re now entered into our quarterly Tunnock’s hamper draw and have unlocked a complimentary financial health check.
Our free monthly eNEWS email keeps you up to date with the latest news from the world of accountancy.
Take our 2-minute assessment and find out how prepared you are.
Take our 2-minute assessment and find out how prepared you are.
Question 1 of 8
This gives you a starting point for seeing how ready your business is for growth, and where a few gaps might be making things harder than they need to be.
Talk to us and we’ll go through your results properly.
CEO BA CA
Teacake, Caramel Wafer, Snowball, or Caramel Log?
And... how do you eat your Tunnock’s Teacake?
Straight down the hatch, nae messing about!
Teacake Hunt
Find the hidden Teacakes
We use cookies to make our site work and, with your permission, to measure how it’s used so we can improve it. You can accept all, reject everything non-essential, or choose for yourself. See our Privacy and Cookie Policy.
Necessary cookies are always on because the site can’t work without them. Turn the others on or off, then save your choice. You can change this at any time from the “Cookie settings” link in the footer.