Welcome to our April newswire!
Welcome to our April Newswire, in which you will find a round-up of the latest accounting, business and tax developments.
This newswire focuses on news that businesses are more confident across the UK, the changes to Benefits in Kind and the introduction of tax-free childcare.
Our Spotlight article will look at the potential penalties for late submissions under Making Tax Digital which are currently under consultation.
We will also explore our upcoming business growth event with Barclays, Chris Downing’s upcoming appearance at Accountex and how one of our partners was appointed as a court receiver to resolve a long-running divorce.
If you would like any further information on these matters or any others in which we specialise, please contact us.
Government consider penalties for Making Tax Digital
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Businesses now only have a couple of years left to prepare themselves for the introduction of quarterly online tax reporting, under the Government’s Making Tax Digital plans.
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Milsted Langdon shares its online accounting expertise at Accountex
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One of our leading lights in the online accounting world, Chris Downing, will be sharing his knowledge of the emerging technology at this year’s Accountex Show.
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Court Receivership gets justice for divorcing wife
Barclays, ActionCoach and Milsted Langdon provide Strategies for Growth
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We are working in partnership with Barclays and ActionCoach to deliver a free workshop to business to help them drive growth.
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Milsted Langdon forges ahead with strengthened tax offering
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We are forging ahead with our plans to become one of the leading tax practices in the country with the appointment of three new dedicated tax directors.
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Buy to let under fire!
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As UK landlords will be aware, the business of letting a residential property is not always the lucrative, ‘zero hassle’, money-maker that some tabloids would have you believe. Rent arrears, damage to property and annual tax returns are just a few of the challenges faced by this important sector in the UK housing market.
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Tax-Free Childcare – Who is eligible?
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Juggling the rigours of the modern working world and childcare can be difficult for employees and can have a serious impact on a business’s ability to retain highly-skilled and valued workers.
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Inheritance Tax – a voluntary tax?
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Paying IHT is no longer just for the wealthy. The IHT nil rate band has increased in the last 10 years by some 14 per cent, whilst the average house price has increased by 19 per cent * in the South West (or 70 per cent for those lucky enough to own property in London!).
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Give your business’ finances a spring clean
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With the clocks now having sprung forward and the new tax year upon us, what better time to give your business’ finances a spring clean?
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Does Annual Tax on Enveloped Dwellings (ATED) apply to you?
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While changes affecting private residential landlords have made headlines in recent years, the ATED regime is a significant cost for companies, LLPs and partnerships that own a UK residential property valued at more than £500,000.
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Businesses are more buoyant, says the Bank of England
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New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead.
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Record number of employers underpaying workers
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As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date.
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Introduction of cash basis accounting for landlords
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As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000.
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Trivial in name only – do you know the rules on trivial benefits in kind?
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Although designated as ‘trivial’ by the taxman, trivial benefits in kind can result in tax savings for you and your employees, which can be anything but trivial.
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Warning over unexpected late payment notices in relation to now-liquidated companies
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A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices.
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Small businesses see changes to the VAT Flat Rate Scheme
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Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month.
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