The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will … Continue reading
Please leave a message – HMRC dispute resolution hotline restricted to answerphone
HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to … Continue reading
Putting the brakes on excessive National Insurance payments through car allowances
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity … Continue reading
Tax basis – Getting ready for the end of the transitional year
Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business … Continue reading
Going green – The financial benefits of investing in a cleaner future
As a small business owner, embracing environmentally friendly practices not only supports a sustainable planet but can also unlock significant financial benefits for your business. It is important to explore the tax reliefs and allowances available to your business when … Continue reading