HMRC issues guidance on cryptoassets

Dec 04, 2019

HMRC has published guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep. HMRC has also published…

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Latest guidance for employers

Dec 04, 2019

HMRC has issued the latest Employer Bulletin. This issue includes articles on a number of areas including:

  • guidance for employers on reporting PAYE information in real time when…

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Research and Development spend

Dec 04, 2019

The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018.

Data from the ONS showed that total R&D expenditure increased…

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Using your vehicle for business purposes

Nov 28, 2019

As a general rule, if you use your private transport for trips related to your employment, you may be able to claim tax relief if you are not reimbursed for this business use by your employers.

Exceptionally,…

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Do not fall for the fraudsters

Nov 26, 2019

We are fast approaching the deadline for filing self-assessment tax returns in the UK for 2018-19. As readers will be aware, this deadline is 31 January 2020.

Unfortunately, this coincides with…

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Armstrongs Named Professional Services Firm of the Year

Nov 22, 2019

Armstrongs has been named Professional Services Firm of the Year at the Coventry Telegraph Business Awards, which recognises companies who have demonstrable strengths in service excellence, business…

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Armstrongs named Professional Services Firm of the Year

Nov 22, 2019

Armstrongs has been named Professional Services Firm of the Year at the Coventry Telegraph Business Awards, which recognises companies who have demonstrable strengths in service excellence, business…

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When trivial can be significant

Nov 21, 2019

The following extracts from HMRC’s website explain how certain benefits to employees can be tax-free. Surprisingly, HMRC describe these as “trivial” benefits.

You don’t have to pay tax on…

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Do you know?

Nov 19, 2019

We are approaching the end of the calendar year, goodbye 2019, and the end of the of the current tax year, 2019-20, will draw to a close 5 April 2020.

Add to this self-assessment deadlines,…

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