Mar 27, 2023 | Business Start Ups, Information, News, Tax, Tips
Major changes to the way businesses process goods moving between EU Member states and Northern Ireland where excise duty has been paid came into effect on February 13 and anyone dealing with relevant goods must comply. The new Excise Movement and Control System (EMCS)...
Mar 20, 2023 | Business Start Ups, Information, IR35, News, Tax, Tips
IR35 has been one of the most contentious pieces of accounting legislation since its introduction in April 2021 as HMRC works to prevent those it deems are employed by an organisation taking their income through a separate company. Previously, any large company...
Mar 6, 2023 | FAQ, Information, Misc, News, Tax, Tips
January has earned the dubious distinction of being the month when more couples decide they want to get divorced than any other. The reasons are likely to be myriad, but the likelihood is that they either mark Christmas or New Year as a line in the sand for changing...
Feb 27, 2023 | Business Start Ups, FAQ, Information, Making Tax Digital, Misc, News, QuickBooks, Self-Assessment, Tax, Tips, Vat
Making Tax Digital (MTD) has been on the cards for years now, with businesses already pushed towards dealing with their VAT this way. But plans to extend this for Income Tax Self-Assessment (ITSA) have been put on hold once again until April 6, 2026, eight years later...
Feb 13, 2023 | FAQ, Information, News, Self-Assessment, Tax, Tips
The taxman has been busy this month – no surprise given it is the time when self-assessment returns need to be filed. But anyone who misses the deadline of January 31 faces a new set of interest rates for penalties that were only published on December 20 last year....
Feb 6, 2023 | Expenses, FAQ, Information, Misc, News, Vat
A new VAT penalties regime was brought in this month, and any firms or individuals missing their filing deadline from January 2023 onwards will receive penalty points even if there is no VAT due to be paid. While this may sound more benign than getting a fine,...
