Category Archives: Tax Accountant

Making Tax Digital For An Employee Part 6

Making Tax Digital report 2021

MTD for an Employee with more than £10,000 untaxed income Making Tax Digital for Business is a Government initiative also known as MTD.  This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 […]

Making Tax Digital For Small Companies Part 5

Making Tax Digital report 2021

MTD for Small Companies Making Tax Digital for Business is a Government initiative also known as MTD.  This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 to 4, this is Part 5 […]

Making Tax Digital For Self-Employed Part 4

Making Tax Digital report 2021

MTD for self-employed Making Tax Digital for Business is a Government initiative also known as MTD.  This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Now that we know the meaning of understanding Making Tax Digital – MTD in Part 1 to 3, this is Part 4 of […]

Making Tax Digital Part 1

Making Tax Digital report 2021

Understanding ‘Making Tax Digital’ Making Tax Digital for Business is a Government initiative also known as MTD.  This is a legal requirement implemented and monitored by HMRC – Her Majesty’s Revenue and Customs. Key compliance Keep records digital Submit the return at least every 3 months Final submission 10 months after year-end or 31 January […]

Are You Missing Out On R&D Tax Relief?

Are You Missing Out On R&D Tax Relief?

A handy guide to R&D, including worked examples and reflecting the impact of Covid-19. Research & Development (R&D) tax relief provides financial tax incentives when companies take the risk to advance, develop, modify or improve a product, service, process or solution despite the uncertainty of the outcome. Eligibility is not dependent on whether the project […]

Beware Tax Scams

read about tax scam

HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that in the last year they deactivated more than 20,000 fake HMRC websites, an increase of 29% on the previous year. HMRC have also called on people to stay vigilant to avoid falling for tax refund scams. The […]

Tax Investigation Service

tax investigation service

HM Revenue & Customs (HMRC) is under relentless pressure to raise money for the government from increased tax receipts. Inevitably that means more tax and VAT investigation. In 2017-18 HMRC collected £30.3 billion through compliance activity. How is HMRC collecting more money? HMRC’s Connect System is an £80m investment programme and now contains over 22bn […]

How to Survive a Tax Investigation

tax investigation service

Running a business always stretches us outside our comfort zone. Every day is different.  We all do more than 1 job in our business. Sometime we delegate few tasks however many little mundane duties we like to do it ourselves.  One of them is opening the post. So we are looking at the pile of […]