HMRC are now targeting people selling second homes in the UK or elsewhere to ensure capital Gains Tax (CGT) is paid on any profit from the sale. There is a voluntary declaration period that runs until 9 August for any... read more

For years the rules regarding tax residence and non-residence in the UK have been governed by HMRC guidelines and case law. That has left uncertainty especially since HMRC won a case against a taxpayer whom HMRC admitted had followed all... read more

It is hard to underestimate the importance of keeping your businesses financial records in good order. The most important reason for doing so is that it enables you to make effective and timely business decisions. Without a regular bookkeeping routine... read more

The January 31st deadline has come and gone. Well done if you have got your return submitted in time. As usual we managed to submit the returns of every client who sent their records to us, even if it was... read more

Employees in the UK are paid through the Pay as You Earn (PAYE) scheme with Income Tax and National Insurance Contributions (NICs) deducted at source. Tax deductions are made according to a tax code issued by HMRC, which is based... read more

If you are planning a new limited company you can save time, trouble and money by understanding the basic issues before you start. There are five key roles in a company, though in small companies, one person may perform more... read more

If you are thinking of starting a business, or are already self-employed, then you have probably considered forming a limited company. Here are the main benefits: It is easier to bring other investors into the business by selling shares There... read more