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In the News

Payrolling of benefits mandatory from April 2026

Samantha Holmes Academies, Accounting, Business, Business Support, Business Taxation, Cash flow, Charities, Construction, Economic / Business News, Elaine Shaw, Employees, Employers, George Hay, GH Payscheme, Hospitality, In the News, Industry Sectors, Large businesses, Legal, Legislation, Outsourced Services, Payroll, Professional, Research & Development, Retail, Samantha Holmes, Scientific, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member, Technical, Travel November 22, 2024November 22, 2024benefits in kind, business tax, employers, outsourced services, P11D, payroll, taxation 0 Comment

From April 2026, payrolling of benefits will become mandatory. This will significantly change the way that employee benefits are reported and taxed in the UK. So, what do employers need to know? Under the new rules, all UK employers must

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Much Ado About Nothing

Barry Jefferd In the News, Self-Assessment, Self-employed January 23, 2024November 22, 2024online, Tax 0 Comment

The start of the month saw a frenzy in the media and online about HMRC using new powers to target traders on sites such as Ebay. Within days, there were online postings by people saying it was unfair that they

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Is it time to switch and save on your utility bills?

Kevin Taylor Academies, Accounting, ATOL, Bookkeeping, Business, Business Advisory, Business Support, Buy-to-Let, Cash flow, Charities, Cloud Accounting, Construction, Economic / Business News, General, George Hay, Holiday Lets, Hospitality, In the News, Industry Sectors, Kevin Taylor, Landlords, Large businesses, Legal, Online Accounting, Outsourced Services, Professional, Property, Property business, Research & Development, Retail, Scientific, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Team Member, Technical, Travel November 14, 2023March 8, 2024Accounting Software, apps, cash flow, cloud accounting, cost-saving, UK businesses 0 Comment

Thanks to increased demand and limited supply, amongst other influential factors, the UK energy market has fluctuated a lot since 2021, and rising utility bills are still a significant concern for many UK businesses today. Unlike for households there is

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Airbnb hosts face tax probe and penalties for undeclared income

Barry Jefferd Barry Jefferd, Business, Business Advisory, Business Support, Buy-to-Let, Economic / Business News, George Hay, HMRC, Holiday Lets, In the News, Industry Sectors, Landlords, Large businesses, Personal Taxation, Property, Property business, Self-Assessment, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax, Team Member June 16, 2023airbnb, HMRC, holiday lets, let property campaign, property tax, rent-a-room relief, trading allowance 0 Comment

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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Small company filing options to be streamlined by Companies House

Richard Dilley Academies, Accounting, Annual Accounts, Business, Business Advisory, Business Support, Charities, Construction, Economic / Business News, George Hay, Hospitality, In the News, Industry Sectors, Legal, Legislation, Professional, Property, Research & Development, Retail, Richard Dilley, Scientific, Small businesses, SMEs, Team Member, Technical, Travel June 5, 2023abridged accounts, annual accounts, Companies House, micro-companies, money laundering, profit and loss, small companies, turnover 0 Comment

Since September 2022, the Economic Crime and Corporate Transparency Bill has been making its way through parliament. The Bill, among other things, sets out key changes to small company filing options. The intention is to make more financial information available

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VAT at 50: The evolution of a not so simple tax

Barry Jefferd Academies, Accounting, Barry Jefferd, Bookkeeping, Business, Business Advisory, Business Support, Business Taxation, Cash flow, Charities, Construction, Economic / Business News, George Hay, HMRC, Hospitality, In the News, Industry Sectors, Large businesses, Legal, Legislation, Making Tax Digital, Online Accounting, Outsourced Services, Professional, Property, Research & Development, Retail, Scientific, Self-employed, Small businesses, SMEs, Sole Trader, Start-ups, Tax legislation, Team Member, Technical, Travel, VAT April 17, 2023HMRC, MTD, purchase tax, value added tax, VAT 0 Comment

Value Added Tax (VAT) turned 50 on 1 April 2023. However, many would argue that it still has some growing up to do! Whilst many of us will know something of the biscuit vs. cake debate, this doesn’t even scratch

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Register of Overseas Entities: What you need to know

Richard Dilley Academies, Business, Business Support, Charities, Construction, Deadlines, Economic / Business News, George Hay, Hospitality, In the News, Industry Sectors, Large businesses, Legal, Legislation, Professional, Property, Research & Development, Retail, Richard Dilley, Scientific, Team Member, Technical, Travel January 25, 2023February 13, 2023Companies House, overseas entities, property and land, property ownership, ROE, UK property 0 Comment

The new Register of Overseas Entities (ROE) came into effect on 1 August 2022. It affects overseas entities who own, or who intend to buy, sell or transfer UK property or land. The requirements apply to entities who purchased UK

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