IR35 Consultation Results and off-payroll

IR35 Watch – Results of the Government’s formal consultation on proposed changes to off-payroll in the private sector and industry responses.

A month on from the end of the Government’s formal consultation on proposed changes to off-payroll in the private sector, and its time to consider the proposed changes, how these will affect you as a […]

Payment on account reminder

Personal Tax Bill and Payment on Account – Now Due!

What is a payment on account? If your personal tax bill for the year ended 5th April 2018 exceeded £1,000, you will likely be required to make a payment on account of the year ended […]

10 ways HMRC can tell if you are cheating the tax system

In today’s modern digital age, it is increasingly hard to avoid the many methods HMRC uses for catching tax cheats and those looking to bend the rules. HMRC has come a long way in recent […]

Lorraine Kelly has HMRC for breakfast!

TV presenter Lorraine Kelly has won her case against HMRC at an IR35 tribunal. The case related to her engagements with ITV Breakfast Ltd and her own limited company, Albatel Ltd, covering the period September […]

Clever 2.0 is nearly here!

We have exciting and big news!  We are thrilled to announce that we are just putting the finishing touches to our shiny new portal. Our portal is used by our clients to raise and send invoices, […]

Wages and personal allowance thresholds for April 2019.

Current Tax Year ended 5th April 2019 In the current tax year ended 5th April 2019, we general advise a salary of £702 per month, depending on your additional personal income to date. Not including additional income, […]

What is the 24 month rule?

Travel expenses are part of the 24 month rule There are numerous rules and limitations when contracting. However, one of the more important rules all contractors need to be aware of is the “24 month rule” when […]

Making Tax Digital for VAT

Making Tax Digital for VAT – The Complete Guide for Small Businesses

Starting from April 2019, most VAT registered businesses will have to comply with the new ‘MTD for VAT’ regulations and submit their VAT Tax Returns via MTD compatible software. The current process of applying VAT records to your HMRC tax account will become a way of the past, as your invoices and transactions will be transmitted via what HMRC refers to as; ‘Digital Links’ and ‘Software Bridges’. So, to get a better idea about the adjustments needed and to help you get MTD compliant, we have put together the below, Making Tax Digital for VAT complete guide.