Tel: 07712 856364
Email: jon@proactive-accounting.com
Under pressure from their members our professional bodies have finally broke their silence on HMRC’s poor service. All of the major accounting regulators have issued a full letter to HMRC calling the organization out over the absolute collapse in their service levels since 2020. “We are under considerable pressure from our members to demonstrate…
Electric Car Tax Breaks With the price of fuel flying through the roof and the government’s approach to levying extremely high levels of tax on company cars provided as a benefit in kind, many business owners are looking at electric vehicles as a strong alternative to traditional cars or pickups. The tax benefits are strong…
In line with yesterday’s budget there are a few things that everyone should be aware of. We’ve done our best to keep this as brief and easy to read as possible, there are ample guides elsewhere which can summarize the budget in more technical language. Most of the information thus far comes from the chancellors…
For those working in the construction industry, the compliance requirements of the Construction Industry Scheme needs to be coped with. At Proactive Accounting, we can assist you to comply with the onerous requirements of the Scheme for your business in the Co. Antrim area. The Construction Industry Scheme (CIS) sets out special rules for tax…
Research and development (R&D) by companies is being actively encouraged through a range of tax incentives including an increased deduction for R&D revenue spending and a payable R&D tax credit for companies not in profit. At Proactive Accounting, we can provide R&D advice for your company in the Co. Antrim area. Research and development (R&D)…
We summarise what situations are caught by the special rules that apply to some personal service companies and the implications of the rules. At Proactive Accounting, we can help check whether the regime may apply to your company if you live or work in the Co. Antrim area. The ‘IR35’ rules are designed to prevent…
There are tax planning opportunities available to husband-and-wife businesses, but care needs to be taken. If you are in the Co. Antrim area, Proactive Accounting can guide you through the options. This article provides an overview… HM Revenue & Customs (HMRC) has shown great interest in businesses where both spouses are owners (either as shareholders…
Self-employed and working from home? Some of the costs of the home can be claimed against tax and, in some cases, these costs may be considerable. We set out types of costs that may be relieved here but at Proactive Accounting, we can advise on maximising the relief due to you if you live in the…
Employers in the Co. Antrim area sometimes ask Proactive Accounting about classifying workers as employed or self employed – a surprisingly complex issue. Here is an overview of the key points. The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume…
If your company is caught by the quarterly instalment payments rules, the first payment of corporation tax for a current accounting period will be before payment has been made for the previous accounting period. At Proactive Accounting, we can help check whether the regime may apply to your company and assist you to comply with…