Changes to IR35 legislation in 2017, also known as the Off-Payroll reforms, means that public sector hirers are now responsible for determining the IR35 status of their contractors and the Government is considering rolling out the same rules to the private sector. It means that now, more than ever, contractors need to be fully aware
The post The contractor umbrella scheme and how to choose one appeared first on Small Business.
Tag Archive for Accounts & tax
Hot Business News Today
Large companies must appoint board member to tackle late payments
by Timothy Adler • • 0 Comments
The post Large companies must appoint board member to tackle late payments appeared first on Small Business.
Hot Business News Today
Five ways to spring clean your business books
by Ben Lobel • • 0 Comments
The post Five ways to spring clean your business books appeared first on Small Business.
Hot Business News Today
HMRC under fire over IR35 off payroll consultation
by Stephanie Spicer • • 0 Comments
HMRC’s consultation on IR35 is already under fire as critics accuse the government of underestimating the complexity of the task ahead and risking missing the opportunity to make the whole process more user friendly for a key sector of the UK workforce. The HMRC invite for input to a consultation on IR35 – the off
The post HMRC under fire over IR35 off payroll consultation appeared first on Small Business.
Hot Business News Today
Five steps for small businesses Making Tax Digital
by Stephanie Spicer • • 0 Comments
There has been much criticism of the introduction of Making Tax Digital (MTD) and as the 1 April deadline approaches for those earning over £85,000 to start making their returns, opinion is still divided as to how it should go ahead. There are calls for some leniency in terms of deadlines. Much of this is
The post Five steps for small businesses Making Tax Digital appeared first on Small Business.
Hot Business News Today
Making Tax Digital exemptions deadlines are unrealistic
by Stephanie Spicer • • 0 Comments
VAT registered individuals and businesses needing to apply for an exemption from the new digital VAT requirements- Making Tax Digital (MTD) – have little time to do so, according to the Low Incomes Tax Reform Group (LITRG) MTD for VAT applies to businesses with taxable turnover exceeding £85,000 but as the threshold is based on
The post Making Tax Digital exemptions deadlines are unrealistic appeared first on Small Business.
Hot Business News Today
Late payments are declining – but SMEs are still owed £80,000 on average
by Anna Jordan • • 0 Comments
The post Late payments are declining – but SMEs are still owed £80,000 on average appeared first on Small Business.
Hot Business News Today
Growth hack: Tap Into R&D tax credits
by Partner Content • • 0 Comments
SMEs businesses and startups across the country are missing out on a secret weapon that can broaden the base of resources to fuel growth. HMRC’s tax relief for research and development expenses, also known as the R&D tax credits, is an effort to boost business innovation and intellectual property across the country. The tax relief
The post Growth hack: Tap Into R&D tax credits appeared first on Small Business.
Hot Business News Today
VAT action businesses should take now before a no deal Brexit
by Stephanie Spicer • • 0 Comments
Following latest ‘no-deal’ Brexit VAT guidance from HMRC UK businesses should act now to avoid missing VAT refunds, according to RSM accountants. With the UK’s withdrawal from the EU just around the corner and a no-deal Brexit very much still a possibility, Andy Ilsle, indirect tax partner and George Bull, senior tax partner at accountants
The post VAT action businesses should take now before a no deal Brexit appeared first on Small Business.
Hot Business News Today
HMRC employment status test tool not working properly
by Stephanie Spicer • • 0 Comments
HMRC has conceded that its controversial Check Employment Status for Tax (CEST) tool has still not undergone any formal testing to produce detailed evidence of its accuracy claims since its release almost two years ago, despite repeated claims from HMRC and the Treasury that the tool is under continual review. HMRC also confessed that not
The post HMRC employment status test tool not working properly appeared first on Small Business.