by Paul Whyatt | Feb 18, 2020 | News, Other Insights
Pensions scams can be devastating. Last year the average victim lost £82,000. For some, that’s their entire lifesavings. They can happen to anyone. Research shows up to five million savers are in danger of falling for one of the most common scam tactics. To help...
by Paul Whyatt | Feb 13, 2020 | Business Advice, News, Taxation
The UK left the EU on 31 January 2020. There is now a transition period until 31 December 2020. During this period, the current rules on trade, travel and business for the UK and EU will be unchanged. New rules will take effect on 1 January 2021. The...
by Paul Whyatt | Feb 10, 2020 | News, Personal Tax, Taxation
With the 6 April deadline for the new off-payroll rules (IR35) fast approaching, HMRC has produced a factsheet for those working through intermediaries. Are you affected by the new rules? If you provide your services to a client through an intermediary (e.g. your own...
by Paul Whyatt | Feb 6, 2020 | Business Advice, News, Personal Tax
HMRC has recently confirmed that it’s possible for an employee or a director of a company to be provided with two tax-free mobile phones, where one of them is for business use with any private use of this phone being insignificant. But if two mobile phones are given...
by Paul Whyatt | Feb 6, 2020 | Business Advice, News, Taxation
A 6.2% increase The government has announced a 6.2% increase in the national living (NLW) and national minimum wage (NMW) rates to take effect on 1 April 2020. Make sure that your payroll manager or outsourced payroll provider takes account of the increases by...
by Paul Whyatt | Dec 18, 2019 | News, Taxation
The number and type of scams involving bogus HMRC communications always increases this time of year, as the self-assessment payment deadline approaches. Statistics show that in 2018/19 HMRC received approximately 900,000 reports about possible scams related to...
