COMPANIES HOUSE AND HMRC – FILING DEADLINES AND PENALTIES
Statutory Accounts You are required to file the first set of statutory accounts with Companies House 21 months after registration of the company. Following this,…
Making Tax Digital
Making Tax Digital
Making Tax Digital and VAT Making Tax Digital (MTD) comes in from April this year. With businesses above the VAT threshold needing to keep digital…
P11D Deadline 6 July 2018
Employer P11D, P11D(b) and P9D deadline The deadline for submitting the 2017-18 forms P11D, P11D(b) and P9D is 6 July 2018. P11D forms are used…
Don’t miss the tax credit deadline – 31 July 2018
Don’t miss the tax credit deadline - 31 July 2018 If you’re on a low income or have children, tax credits can be worth thousands…
Directors’ Loan Accounts
Director's Loan Account: The Basics If you take more money out of a company than you’ve put in - and it isn’t salary or dividend…
Changes to dividend tax from 5 April 2018
Many small business owners trade through their own limited company and pay themselves via a small salary plus a dividend out of the retained profits…
Trivial Benefits
Tax - Trivial Benefits Rules on trivial benefits to employees have been relaxed slightly as part of moves to simplify the tax system. Until 5…
HMRC 2 Step Verification
HMRC 2 Factor Verification Causes Problems HMRC have stated that the optional 2-step verification (2SV) becomes compulsory this month for businesses. This requires users to…
The cost of driving a ‘greener’ car
Read our latest newsletter article about the rising costs of driving a 'greener' car provided by your business Click on the car to read the…
Involving Your Children in Your Business
Employing Your Children in Your Business Paying salaries to your children is a good way to reduce your taxable profits but which children can you…