Entries by Mani Kauren

Insider March 2020

Record numbers sent in 2018/19 tax returns through self-assessment Almost a million taxpayers missed the self-assessment deadline on 31 January, despite record numbers of compliance. Figures from HMRC showed that a record 11,122,967 taxpayers out of 11.7 million beat the midnight self-assessment deadline for 2018/19 on 31 January 2020. Those who had untaxed income above […]

Employer Issues With Automatic Enrolment

Policy success, but headache for employers? Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment. It started with the largest companies and now applies to employers of all sizes with staff […]

Cryptoassets: The Revenue’s Tax Stance

HMRC updates tax guidance for digital currencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late 2017, the price of a single Bitcoin surged to about $20,000 before falling away dramatically. […]

Insider February 2020

Thousands file tax returns through self-assessment over Christmas Thousands of taxpayers used the Christmas break to file tax returns for 2018/19 through self-assessment. Statistics from HMRC showed that 34,292 taxpayers submitted tax returns between Christmas Eve and Boxing Day. Precisely 22,035 taxpayers filed on 24 December 2019, followed by 3,003 on Christmas Day and 9,254 […]

Tax Implications of Providing Company Cars

Does it pay off to provide zero-emission cars? Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the private use of a company car to be a benefit-in-kind. […]

Tracing Lost Pension Plans

Billions of pounds lose in unclaimed funds. Helping you plan for your retirement is one of our core services, ensuring you are prepared when the time comes to call it a day. With medical advances enabling more people to live for longer, the average person who retires at 65 lives for another 20 years. According […]

Year-End Tax Guide 2019/20

How to use this tax guide The last few months of the tax year are the ideal time to pause and reflect, and to make sure you’ve organised your finances as efficiently as possible before the new tax year begins on 6 April 2020. It’s important to consider this from every angle: have you maximised […]

Insider January 2020

Quarter of small businesses in the UK expect to go bust by 2024 A quarter of small business owners in the UK believe their company will fold in the next four years, research has claimed. Late payments (54%), tax rates (44%) and cyber-attacks (27%) were the biggest concerns among the 500 owner-managers polled by cloud […]

Different Types of Business Structures

Options to consider when starting up. You’ve got a business idea, you’ve got the skills, the concept, the motivation and maybe even someone that’s keen to pay for your services, but where do you start? What will you call your business? What business structure will suit it best? It may be that as your business […]

R&D Tax Credits in Practice

Tax breaks for innovative business. The UK tax system is complicated but research and development (R&D) tax credits can be especially tricky to understand. That’s partly because what counts as R&D, and what amounts to true innovation, is judged on a case-by-case basis against criteria that can seem almost abstract. For example, to qualify as […]