HMRC focuses on backlog of work by shuttering telephone services
8 Mar 2022
HM Revenue & Customs (HMRC) has announced that it is having to prioritise its essential services by temporarily closing some of its telephone hotlines, following a surge in enquiries during and since the pandemic. It has said that it is
Company tax returns must include COVID-19 grants says HMRC
8 Mar 2022
Taxpayers are being reminded that COVID-19 support grants or payments should be declared on company tax returns as they are taxable. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is
Avoid the pitfalls of the SEISS scheme
8 Mar 2022
Thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) as the pandemic raged over the last two years, before its closure last year. The scheme, which involved five grant payments, was set up by the Government to provide
How to make the most of cloud-based accounting software
8 Mar 2022
The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners. The beauty of cloud accounting is that the software can be
Cash flow statements – How to avoid errors that damage your business
8 Mar 2022
A cash flow statement provides data about all cash inflows a company receives from its operations and investments. It tells you how much cash is entering and leaving your business in any given period. Along with balance sheets and income
Retain key staff with salary sacrifice schemes
8 Mar 2022
While the national job vacancy boom is good news for job seekers, it could be a nightmare for businesses keen on retaining high-quality staff. While a pay rise is always welcome it may not always be the most tax or
Are you making the most of super-deduction tax relief?
8 Mar 2022
Businesses across the UK are already benefitting from the temporary tax relief offered by the super-deduction but many more could still be missing out on this vital support. The super-deduction scheme was introduced on 1 April 2021 and will run
Almost one million taxpayers handed late submission penalty after missing Self Assessment deadline
4 Mar 2022
Nearly one million taxpayers have been fined after failing to submit their tax return on or before the 28 February Self Assessment deadline, it has been revealed.
How would an Online Sales Tax affect your business?
2 Mar 2022
The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector.
HMRC to close helplines one day a week to clear backlog
23 Feb 2022
VAT and Corporation Tax helplines at HM Revenue & Customs (HMRC) will close for one day a week to help clear the backlog built up during the COVID-19 pandemic.
