29 Jan 2020
A decade of bizarre excuses for the late filing of a tax return
With just a few days to go until the 31 January self-assessment deadline, HM Revenue & Customs (HMRC) has published a list of the strangest and most imaginative excuses and...
28 Jan 2020
BM Advisory appointed Administrators of Tough Mudder Ltd
Michael Solomons and Andrew Pear of Beavis Morgan group business BM Advisory LLP, the specialist restructuring, recovery and insolvency firm, were appointed as Joint Administrators of Tough Mudder Ltd on...
27 Jan 2020
£1.7bn Brexit boost for SMEs
A new survey has revealed that British businesses are planning a £1.7 billion investment boost over the next two years, as Brexit uncertainty comes to an end. The findings show...
27 Jan 2020
FSB phishing scam alert
The Federation of Small Businesses (FSB) has been made aware of spam emails being sent to people which appear to be an invoice from FSB. The organisation has confirmed that...
25 Jan 2020
Passing on the family home
The Labour Party was proposing to reverse the recent Conservative Party inheritance tax (IHT) cuts if elected. They were referring to the additional nil rate band for passing on the...
24 Jan 2020
For most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer. Note...
17 Jan 2020
Gifts out of surplus income
Inheritance tax (IHT) only applies to gifts of capital. There is currently a very generous exemption from IHT for regular gifts out of income. In order to qualify for the...
15 Jan 2020
New code to increase effectiveness of internal audit
The Chartered Institute of Internal Auditors has announced that a new code for internal auditors has been launched, in an attempt to safeguard against corporate misconducts. The launch of the...
13 Jan 2020
Don’t forget there may be tax to pay on your dividends in January
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10 per cent notional tax credit and the introduction of new rates of tax...
09 Jan 2020
Confidence among UK SMEs falls to eight-year low
The latest Federation of Small Businesses (FSB) Small Business Index (SBI) for the fourth quarter of 2019 (Q4) has been released, revealing that business confidence is at its lowest level...
08 Jan 2020
Conservative Party dejected with working majority
Now that Boris Johnson and his Conservative Party have won the General Election will we finally “Get Brexit Done”? More importantly, can the Government now get on with running the...
07 Jan 2020
Budget Day 2020 to usher in ‘decade of renewal’
The Chancellor, Sajid Javid, has confirmed that Budget 2020 will be on Wednesday 11 March. Speaking at an event in Manchester, the Chancellor set out plans to use the Government’s...
03 Jan 2020
New Year’s resolutions to save tax
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year...