Tel: 07712 856364
Email: jon@proactive-accounting.com
Travel Expense Reimbursements Clients of our practice are likely to already be aware that we are fond of HMRC’s simplified expenses rules for travel, particularly given the Irish rates claimable for cross-border travel here between Northern Ireland the Republic of Ireland. However, a reminder last week from an HMRC case that went awry for an…
Landlords have been debating the question, “Should I incorporate” for years now. Back in 2017, the government began the phased introduction of restricting tax relief for residential property finance costs if you have earnings above the Basic Rate Tax Band (i.e. >£50,000). Before 2017 the single biggest tax allowable expense for most landlords was the…
As you may be aware, the UK government announced the Autumn Statement yesterday. There was very little in this of value to most small and medium sized businesses but there are a few points that are worth highlighting and being aware of. Minimum Wage Increase and Age Requirement For National Loving Wage Dropped Effective…
As of this week, the government have passed The Economic Crime and Corporate Transparency Act 2023. This bill aims to improve transparency and end the reputation the UK has built over the years as a laundromat for Russian money and international tax avoidance. Unfortunately the implications of cracking down on this activity means a steep…
As clients (who read our recent blogs or emails) will be aware HMRC are introducing a major revamp of the R&D rules for all claims submitted after 1 August 2023. This covers returns for all accounting periods beginning on or after 1 April 2023. As an additional trap, you can now no longer make retrospective…