Tax and Business
Official error claim for tax not to be collectedIf HMRC has delayed using information in its possession and this results in you paying too little tax, it can write off the arrears of tax under extra-statutory concession (ESC) A19. However, despite be... Read more
29 Mar 2016
Self-employed pages reviewBefore filing a tax return it's a good idea to carry out last minute health checks with a view to reducing the chance of it being selected for an enquiry. This is especially important if you are self-employed. Check your answ... Read more
29 Mar 2016
Employee loan recordA taxable benefit may arise where a director or employee is provided with a loan, either interest free or at a favourable rate of interest. Use this document to calculate what, if anything, you need to declare to HMRC.Important to... Read more
29 Mar 2016
Company shares or securities reorganisation clearance letterWhere a company acquires 25% or more of the shares in another, or reorganises its share capital, it can ask for confirmation (clearance under s.138 Taxation of Chargeable Gains Act 1992) tha... Read more
17 Feb 2016
Reporting accidentsThere's a legal obligation to report certain types of accident. Additionally, because accidents are a fact of life, as a business, it's important to have the correct paperwork and proper procedures in place to deal with them. ... Read more
22 Dec 2015
22 Dec 2015
22 Dec 2015
18 Dec 2015
Employee equipment allowanceWhere your employees use personally owned or rented equipment for work, you can reimburse them the business element of their costs tax and NI free. Quantifying the amount you can pay without having to apply PAYE can be tri... Read more
15 Dec 2015
What to do if your claim is rejectedDon't just assume that your insurance company will pay out. It's not unknown for claims to be rejected. However, if this happens, all's not lost.... Read more
06 Nov 2015