News

It may feel like an alien world, full of complicated jargon and unseen digital transactions, but HMRC has been considering how cryptoassets should be taxed for years and have recently pulled together all their existing guidance into a new Manual. There isn’t any new legislation to go with it because they consider that existing rules cover this new way of trying to make money – many would disagree but how do you know what to do about your tax in the meantime?

The Covid pandemic has been tough on many businesses; one of the consequences of the economic turmoil of the past 12 months has been a significant increase in the number of new businesses starting up.

What is Xero and cloud accounting?

Back in 2023, the Main rate of Corporation Tax increased from 19% to 25%. Whilst this may seem like a huge hike for business owners, many companies will actually pay less than 25%.

Businesses which use independent contractors as part of their workforce need to conduct an urgent review of whether those contractors should be regarded as employed workers, following a landmark Supreme Court judgement last week, according to a leading East Anglian HR expert.

From 1 March 2021, if your VAT-registered business provides certain supplies of construction services to another business you may no longer need to charge them VAT. This is because your customer may need to account for it under the new domestic reverse charge for construction services.

Each year a Practice is required to submit to PCSE by 1 March an ‘Estimate of Pensionable Profits’ form for the forthcoming pension year commencing on 1 April.

We often receive enquiries from small unincorporated not for profit organisations, such as clubs, who are growing and finding that they want to, or need to, review their structure. Sometimes they are taking on their first employees, or perhaps they need to rent a property.