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How to Comply with the New Tax Rules

IR35 Changes IR35 is a legislation that governs the payment of tax and national insurance contributions from private contractors, ensuring they are paying the same as regular employees – a responsibility that now falls within the remit of the business that’s recruiting them. In 2017 the government made a significant change to IR35, passing the […]

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Working from Home – the Good, the Bad and the Ugly

Pros and cons of flexible working The digital landscape has made it much easier to work remotely and many businesses now offer flexible working to its employees. But there are still a staggering number of companies who are not keen on this arrangement. Let’s take a look at all sides of the story. According to […]

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A 5-Step Guide to Keeping the Tax Man Happy

VAT Returns and Tax Accounting HMRC run a tight ship when it comes to VAT returns and tax accounting, imposing tough fines and implications for tax evasion. But doing things by the book can result in a tax inspection if things don’t add up so it’s important you do things properly. Here are 5 tips […]

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Large Tech firms are under fire from HMRC

Facebook under fire over ‘outrageous’ UK tax bill   Image copyrightGETTY IMAGES Facebook’s UK arm paid £28.5m in tax in 2018 as revenues hit a record £1.65bn on the back of strong advertising growth. The social media firms’s latest UK accounts show that profits last year jumped by 54% to £96.6m. Facebook’s total tax charge […]

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Brexit Paused: I wish they would get their act together

Closing summary That’s all from us this evening. Here’s a summary of the day’s events: Brexit looked set to be delayed until next year at the earliest after the prime minister suffered another major Commons defeat. The European council’s president, Donald Tusk, said he would recommend the extension be signed off and it was suggested that 31 January […]

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7 Easy Business Tips All Business Owners Need to Know

7 Simple Business Tip There is a wealth of information out there on how you can improve your business or get ahead of your competitors. However like with many scenarios, you’ve got to learn to walk before you can run. Here are 7 ridiculously simple tips to tick all the right base level boxes. Understand […]

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News on Brexit Update

Brexit and simplified import procedures 17 October 2019 HMRC has automatically registered 95,000 businesses for simplified import procedures. The scheme, known as transitional simplified procedures (TSP) will go live in the event of a no-deal Brexit. Under the scheme, importers will be able to: import goods into the UK without having to make a customs […]

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Taking away the worry about Tax

Dyson’s decision ‘no surprise’ Dyson, the technology company best known for its vacuum cleaners, has scrapped a project to build electric cars. The firm, headed by British inventor Sir James Dyson (pictured), said its engineers had developed a “fantastic electric car” but that it would not hit the roads because it was not “commercially viable”. […]

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What is Making Tax Digital (MTD)?Understanding HMRC’s new tax system

What is Making Tax Digital (MTD)?Understanding HMRC’s new tax system ACCOUNTAHOLICS ARE MAKING TAX DIGITAL SPECIALISTS   What is Making Tax Digital (MTD)? Making Tax Digital (MTD) is an HMRC initiative that will revolutionise the UK tax system and ultimately bring an end to self-assessment and accountaholics can do self-assessment for £99.00. The primary aim […]

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Leading UK furniture maker collapses into administration

Leading UK furniture maker collapses into administration Triumph Furniture Ltd, one of the UK’s largest furniture manufacturers, has collapsed following a sudden drop in sales, with the loss of over 250 jobs 9 Oct 2019 Accountaholics provide Business Advice and Mentoring, capped with Taxation advice, payroll advice, bookkeeping, management accounts so your Business knows where […]

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