INNOVATION IN ACCOUNTING
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There are strict rules for a property rental business to qualify as furnished holiday lettings. The most important conditions are: The property must be situated in the UK or European Economic Area (EEA) Furnished and let on a commercial basis Available for letting for...read more
HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new system of digital reporting of VAT information. Turkeys voting for Christmas springs to mind? After a period of testing the new system is scheduled to go live...read more
We have featured the tax efficiency of pension fund investment in a number of recent newsletters. As well as the increased flexibility in terms of drawdown arrangements that were introduced in April 2015 there were some important changes to what happens to the undrawn...read more
Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to...read more
Now that you are starting to settle into your stride in 2018, perhaps its time to revisit your list of goals and objectives. Before you think about adding any new objectives to your list, think about what you’re going to stop doing. We all have limited bandwidth and...read more