Are you claiming the costs that you incur on behalf of your employer

Feb 06, 2017

HMRC have the following advice to offer:

“You may be able to claim tax relief if you have to use your own money for travel or things that you must buy for your job. You must have paid tax…

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Storm damage

Feb 01, 2017

Costs that businesses incur to clean up after the recent storms, that affected the north and east coasts in particular, need to meet the usual qualifying criteria that they are incurred “wholly and…

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Director disqualified for seven years

Feb 01, 2017

Directors have a responsibility to maintain, preserve and deliver up records that are adequate to explain the financial position of their company. If they fail to do so, they run the risk of being disqualified…

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Considering investing in plant or equipment

Feb 01, 2017

Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case. There are a number of considerations:

  1. Cash…

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Beware internet phishers

Feb 01, 2017

The end of January, self-assessment filing deadline, and the approaching tax year end seem to stimulate fraudulent activity focussing on tax issues.

In particular, increasingly convincing attempts…

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Tax Diary February/March 2017

Feb 01, 2017

1 February 2017 - Due date for corporation tax payable for the year ended 30 April 2016.

19 February 2017 - PAYE and NIC deductions due for month ended 5 February 2017. (If you pay your tax…

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Tax planning options 2016-17

Jan 31, 2017

There are just two months left before the end of the 2016-17 tax year. Those tax payers who have income from business or property sources, and have not yet considered their tax planning options for…

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Gifts and Inheritance Tax reliefs and exemptions

Jan 26, 2017

There’s usually no Inheritance Tax to pay on small gifts you make out of your normal income, such as Christmas or birthday presents. These are known as ‘exempted gifts’.

There’s also no Inheritance…

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New Lifetime ISA available from April 2017

Jan 24, 2017

The Lifetime ISA will be available for young adults from April 2017 as the Savings (Government Contributions) Bill receives Royal Assent. The Help to Save scheme to help people on low incomes will be…

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