Paying tax on time – The importance of timely tax payments
It goes without saying that submitting tax payments promptly is a necessity for businesses, not only to remain compliant but also to avoid unnecessary fines and penalties.
Category HMRC
Using directors’ loans to benefit your business
Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.
AI in tax investigations – What does it mean for you?
Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it.
Earning between £100,000 and £150,000? Your tax return is changing
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
HMRC has clarified tax rules on commuting for hybrid and remote workers
In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.
What are the benefits of using the HMRC app?
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.
Loophole closed: Pickups are now classed as cars (NOT vans)
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
HMRC sets its sights on unpaid crypto tax
As the crypto asset sector grows, with an annual growth rate predicted to reach around 12 per cent, taxpayers with digital assets need to remain tax compliant.
How to use the new HMRC app for your tax returns
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.
Understanding loss carry-back claims
In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.