TOPIC
How to avoid penalties amid HMRC’s crackdown on late filings
Key points HMRC is cracking down on late filings, with penalties rising. Accounting professionals hold a vital role in helping small businesses comply. We provide the top three pieces of advice to help small businesses avoid penalties. It’s long been...
Making Tax Digital: making it easier to get tax right
Making Tax Digital for Income Tax Making Tax Digital (MTD) is an important part of our work to modernise the tax system. As the Director for MTD,...
Can cryptocurrencies ever be green?
Green investments are assets like bonds that pay for projects with positive environmental and social outcomes. Green bonds for example,...
How do you tell your clients to stop procrastinating and deal with their tax investigation?
There may be similarities to another case, but individual personalities tend to make the details of each one unique. But the process – the...
FRC reform: more red tape or improving professional standards?
Key points The Labour government plans to replace the FRC with a stronger auditing watchdog, ARGA The move will likely lead to market realignment...
Tax evasion by small retail businesses increases to £4.4bn
The ‘Tackling tax evasion in high street and online retail’ report, released 9 September, revealed that evasion from small businesses – which...
Using a CVA to tackle HMRC debt
While a Time to Pay arrangement is one option to explore with clients, HMRC doesn’t always take into account the company’s other debt when...
The importance of continuing professional development (CPD) in the accountancy profession
Continuing professional development (CPD) is the process of tracking and documenting the skills, knowledge, and experience you gain both formally...
IFA Conference 2024: How to build family wealth in a tax-efficient way
FICs have similar governance and compliance requirements as companies in that they must submit annual accounts, corporation tax returns and...
Tax gap soars to £40b, with small business in the firing line
HMRC’s latest report shows largest ever tax gap. Small businesses blamed for the bulk of the gap, but mistakes rather than evasion are the most...
General Election 2024: Small business undecided amid push for tax relief and investment incentives
The Federation of Small Businesses (FSB) pre-election survey of 1,341 small businesses revealed 96 per cent of small business owners intend to...
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