Entries by Mani Kauren

Insider December 2019

Delay to controversial loan charge review leaves thousands in limbo A report into the loan charge may not be published until after the deadline for settling claims with HMRC has passed. Up to 50,000 people whose employers had paid them through loans from offshore trusts dating back to 1999 were warned they could face huge […]

Low-risk Ways to Start a Business

Methods to overcome uncertainty in 2020. So you’ve got a business idea, and you think it might be a runner. But then again, just as you’ve geared yourself up to commit, all sorts of midnight worries start to creep in. Is now the time? Are people spending money? What about the sluggish housing market? What […]

Gearing Up For Self-Assessment

Don’t leave it until the last minute, especially in 2020. With only two months left until the 31 January deadline for online returns, self-assessment is very much on our minds. There’s a first flurry of activity around the deadline for paper filing at the end of October, now far behind us, but December and January […]

Insider November 2019

Messages aim to promote pension saving to the self-employed A government-backed pension provider is trialling emotive messages to nudge sole traders to start retirement saving. The messages from NEST aim to persuade the self-employed to sign up for pensions through payment or accountancy platforms or trade and industry bodies. Four messages are being tested to […]

Protecting Your Business From Fraud

Steps to shield your firm from threats. Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses. This worrying picture is backed up by the 2019 Fraudscape report compiled by anti-fraud body Cifas, which provides statistics for fraud committed by employees. The report read: […]

Capital Gains Tax Planning

Tax changes to private residences for 2020/21. From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual.  These changes seek to raise extra revenue from the disposal of residential properties and to collect these taxes more […]

IR35 in The Private Sector

Key considerations for contractors before April 2020. Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring.  From 6 April 2020, firms that engage private-sector contractors will be responsible for deciding if the rules should apply and […]

Insider October 2019

Most VAT-registered businesses are signed up for Making Tax Digital Almost three quarters (74%) of VAT-registered firms signed up for Making Tax Digital (MTD) before the second stagger deadline last month. HMRC’s figures showed that over 230,000 mandated businesses joined the scheme before the 7 September 2019 deadline. Most (94%) signed-up businesses submitted VAT returns […]

Property as an Investment for Landlords

With low interest rates, property remains attractive. As the global financial crisis began to bite in 2008, central banks in several nations took action, attempting to shock the world economy back to life by slashing base interest rates. The idea behind this kind of stimulus is to make saving less attractive, hopefully prompting people to […]

Insider August 2019

Demand for digital skills among businesses tipped to ‘skyrocket’ Businesses could be set to face an increasing talent gap in the coming years as demand for digital skills continues to rise. The Confederation of British Industry (CBI) said 67% of UK firms currently have unfilled digital vacancies. Its Delivering Skills for the New Economy report […]