by Paul Whyatt | Feb 23, 2024 | Business Advice, News, Other Insights
In October 2023, the Economic Crime and Corporate Transparency Act became law. This Act introduces the biggest change to the way Companies House operates since corporate registrations were established in 1844. The Government’s stated aim is to give Companies House the...
by Paul Whyatt | Feb 6, 2024 | News, Other Insights, Taxation
HMRC has set out its intention to collect data relating to trade sectors, locations, occupations, hours worked, shareholdings and dividends paid, and self-employed trading dates. Draft legislation has been released that provides for regulations to adjust the personal...
by Paul Whyatt | Oct 19, 2023 | Other Insights, Personal Tax, Taxation
In families where child benefit is claimed, it is important that the individual or couple receiving the child benefit keeps a close eye on their income level. If the higher earner has income of more than £50,000, some or all of the child benefit received will need to...
by Paul Whyatt | Aug 17, 2023 | Business Advice, Business Tax, Other Insights
The traditional way to hide sales from HMRC is to take payment in cash and not put it through the books. Nowadays technology helps dishonest traders to hide sales by using electronic sales suppression (ESS) software. The sale is not recorded on the normal till record...
by Paul Whyatt | Jul 3, 2023 | Other Insights, Personal Tax, Taxation
The changes to the pension rules announced in the Spring Budget were designed to dissuade higher earners from retiring early to avoid pension charges on high contributions but the new rules could have the opposite effect. Individuals can now contribute up to £60,000...
by Paul Whyatt | Jul 8, 2022 | Business Tax, Other Insights, Personal Tax
In uncertain times people instinctively look for alternative ways to invest and some may have chosen cryptoassets such as Bitcoin and non-fungible tokens. If you have decided to go digital with your investments, think about how the profit or loss you make on these...
