Companies House: New ID verification rules
Companies House recently released draft ID verification rules to clamp down on fraudulent activity as part of a broader programme.
Shift to Cash Basis Accounting
At the start of the 2024/25 tax year, HMRC switched the default tax return for the self-employed, sole traders, and some partnerships from an accrual basis to a cash basis.
Is AI recruitment at HMRC the way forward
In recent months, there has been significant focus on an AI-driven recruitment process with no human interaction.
The HMRC Call Waiting Crisis
When did you last speak to an HMRC adviser? The latest HMRC service figures from the 2022/23 tax year demonstrate a worsening situation, with callers spending 7 million hours on hold that year.
HMRC Targeting Fraudulent COVID Financial Support
The outbreak of the COVID pandemic threw the world into chaos, with individuals, businesses, and entire economies teetering on the brink of collapse.
Furnished holiday lets: Why the benefits are far from over
Are you worried about the future of your furnished holiday let investments? Here's what you need to know to stay ahead.
Tax benefits of a Limited Liability Partnership
A Limited Liability Partnership (LLP) combines features of limited partnerships and limited companies, making it a popular choice for high-value professions like law, accounting, and consultancy.
HMRC Spotlight 64: Employment agencies and umbrella companies
The UK government's ongoing assessment of the role of umbrella companies reiterates concerns within HMRC. Some umbrella companies may be stretching and moving beyond existing tax and employment regulations.
Why take out fee protection insurance?
The chances of businesses and the self-employed being investigated have also increased in recent years. Fee protection insurance: Is it a critical safety net or a dispensable cost in challenging times?
Understanding the HMRC Spotlight system
In 2009, HMRC launched the Spotlight system, an educational section of the website highlighting tax avoidance schemes deemed aggressive or non-compliant with tax regulations