News

What is Making Tax Digital? Making tax digital is a new government initiative that by 2020 sets out the end of the tax return system as you know it. Are you read for the upheaval? From 2020, HMRC will begin to phase in a system requiring businesses to change from submitting one tax return per…

For many of our clients, 2017 represents the year in which they will be required to register for auto enrolment pensions.   Unfortunately, for small businesses this process usually involves an excessive amount of bureaucratic filing and administration.  From your staging date (which can be found here) you are expected to enrol all eligible staff members in a…

A brief update on the government’s IR35 policy as it drives ever onwards.   From April 2017 the government will be enacting a new policy placing the liability for all unpaid PAYE and NIC balances (in cases where they rule someone acting as a limited company subcontractor was actually an employee.) onto the public sector…

I’d like to draw the attention of our clients with buy to let properties to the new rules the government are proposing for claiming for fixtures and fittings in properties from April 2016 and the changes to Mortgage Interest Relief. Whereas up until now, landlords have been able to claim mortgage relief as a normal…

A note to all current or prospective clients on the Pension changes and how they relate to our speciality for SSAS pension schemes as a tax saving measure.   Flexible Access Pension savers can now withdraw up to 25% of their total pension pot tax free from the moment they turn 55.   This can be…