TOPIC
MTD for IT’s slower countdown: a mixed blessing?
At a glance Mandatory software filing for company accounts begins 1 April 2027. The changes aim to increase transparency. Small companies will no longer be able to file abridged accounts. Some firms face new software costs. Making Tax Digital (MTD) for Income Tax...
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...
How to respond to ethical dilemmas
It is increasingly important for accountants to be on the front foot when it comes to ethical challenges. That includes knowing the proper...
Election series: Key tax changes that will impact small business
Britain has suffered what some would describe as uncharacteristic high tax increases under the Conservatives, as the government has grappled with...
Electioneering Pt 1: Party lines
Before the crucial general election was confirmed for 4 July, you might have expected every political party to be pulling out all the stops to...
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