by Admin | Dec 10, 2020 | Capital Gains Tax
HMRC has issued a press release to remind taxpayers that have sold a residential property, which was not their main home, during the 2019-20 tax year that the payment date for any Capital Gains Tax (CGT) owed is 31 January 2021. Due to the impact of Coronavirus, there...
by Admin | Dec 8, 2020 | Business Support
Most business owners will know the difference between a profit statement and a balance sheet. Both are created from a process known as double-entry bookkeeping. If asked to consider two aspects of a £50 purchase from a stationery store, most would say that their...
by Admin | Dec 7, 2020 | General
It has been estimated that almost £350,000 of charitable donations last year ended up in the pockets of criminals. Government recently issued advice to reduce this activity. They said: The vast majority of fundraising appeals and collections are genuine, however...
by Admin | Dec 3, 2020 | Income Tax
The First-tier Tribunal (FTT) has dismissed a taxpayer’s appeal for having a reasonable excuse. The taxpayer applied out of time for permission to appeal against penalties imposed by HMRC. The appeal was in relation to late payment penalties imposed on the...
by Admin | Dec 3, 2020 | Accounting Standards
The Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) have jointly published a letter to the accounting and audit sectors setting out the UK’s legal framework for accounting and corporate reporting at the...
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