Digital tax: what’s next?
Words by Donna Torres, director of small business at Xero
It’s been 10 months since the Government launched new digital tax rules for businesses. Known as Making Tax Digital (MTD), it meant that all bus...
Making Tax Digital and why you need to know about it
Donna Torres, director of small business at Xero UK
Tax submission deadlines can be a daunting task. Scrambling together receipts and checking spreadsheets are not how entrepreneurs want to be spending their...
Windfall Watch
Business owners should keep an eye on Corporation Tax this year, as cuts could give them cause to reallocate capital.
In an interview with a German newspaper at the weekend, Philip Hammond warned that ...
Changes to the taxation of landlords – how it could affect you?
I’m sure many landlords will be aware of the significant changes in legislation likely to erode their taxable income. Below is a quick walk through the changes and how we could help alleviate the impact!
Cha...
Illusion of safety – Inheritance Tax
Never assume your business interests will avoid Inheritance Tax.
Many major shareholders and business owners are oblivious to the traps surrounding Business Relief, some of which can leave their estate a...
Research & Development Tax Credits – a well-kept secret?
Recently during a wider conversation with one of my clients, the question of research and development was raised.
It transpired that the company was eligible to apply for UK HMRC Research and Development Tax...
Pick up drivers – get the right tax advice
Pick ups are taxed advantageously when run as company cars as they are classed as commercial vehicles and, even if used privately by the user, a higher rate taxpayer pays around £105 per month only in benefit in kind tax which is much lower than for an equivalently priced car.
Thinking Small
Osborne signals a rates cut to keep small businesses on track.
The Chancellor has eased some of the financial pressure on Britain’s small businesses by unveiling a surprise package of tax breaks, inclu...
Free Lunch
Investors and business owners need to be wary about the impact of the new Dividend Allowance on their tax bills and income returns.
A Chancellor in search of savings often poses a risk to investors; Ge...