Tax

News

Tax cuts prevented government from balancing the books

Chancellor should use Autumn Statement to rethink tax cuts strategy, halting cuts to corporation tax, according to new analysis.

Accounting

Small businesses feel they’re getting a raw deal on tax

Seven in ten SME owners feel hard done by when it comes to tax, a study finds.

Accounting

How one business owner was hit hard by a tax inspection

Here, we tell the cautionary tale of a business owner who was the victim of an unfavourable visit from the taxman.

News

OTS aims to reduce tax stress

Recommendations to ease tax system burdens imposed on small businesses have been published by the Office of Tax Simplification.

News

Stamp duty land tax could hit unwary SMEs

Businesses have been warned to finalise quickly any purchase of more expensive properties or face an increased stamp duty land tax (SDLT).

News

Tax return scam warning

Just weeks before the deadline for filing tax returns, fraudsters are targeting individuals with scam emails.

News

Tax third-biggest expense for SMEs

Cash-strapped SMEs are spending a significant proportion of expenditure on taxation, research by debt protection group Creditsafe reveals.

News

Tax system ‘can be more difficult for the self-employed’

Self-employed businesspeople should be especially careful about their financial affairs, according the Chartered Institute of Taxation (CIOT).

News

FSB slams family tax

The Federation of Small Businesses (FSB) has attacked HM Revenue & Customs (HMRC) in a family tax case heard in the House of Lords.

Tax

Taxman clamps down on dividends

An increasingly tough approach from HM Revenue & Customs (HMRC) means owner-manager shareholders could pay a high price for failing to stick closely to the rules relating to dividend payments.

Tax

Tax exemptions for home-based workers

I would like to find out what tax exemptions are available for home-based workers, if any, i.e. in terms of vehicle usage. Unfortunately, the Inland Revenue site is abysmal to say the least. Can you help?

Accounting

Advice on tax and record keeping

I'm just starting a party plan business for women's clothing, lingerie and adult products. I've just graduated from university and know nothing about the legal side of businesses. What are the most important legal details I need and where can I get detailed advice on VAT and record keeping? I have already registered as a limited company, what next?