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This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.

The information gathered here is split into tax planning guides, FAQs, know-how and tools. With worked examples and tax compliance checklists.

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Despite the COVID-19 lockdown continuing into July, it looks like being a busy month for businesses and their accountants with a long list of things to do before the end of the month.

HMRC have been contacting individuals with disguised remuneration loans to see if they wish to conclude settlement of their tax liabilities ahead of the loan charge deadline of 30 September 2020.

Missed our SME Tax Web-updates in June? Here is a summary of the month.

Hello

The week the House of Commons published its own FAQ on both the coronavirus Job Retention Scheme (JRS) and the Self Employment Income Support Scheme (SEISS), both of these are definitely worth reviewing.

Hello,

We have an unusual mix of news and articles this week covering further coronavirus support measures, negligence claims in failing to mention Capital Gains Tax (CGT) planning opportunities on a business disposal, PAYE assessments made on directors instead of their employers and, new subscriber guides for beta testing.

In Hugh McMahon v Grant Thornton UK LLP [2012] CSOH 50, a firm of chartered accountants were not found to be negligent in failing to recommend some Entrepreneurs’ Relief planning in the event of a share sale. Such ad hoc advice was not listed within the scope of their personal tax compliance services and had not been requested by the client.

  1. Nichola's SME Tax W-update 11 June 2020
  2. Agent update June/July 2020
  3. Employment-Related Securities: What’s New? June 2020
  4. Nichola's SME Tax W-update 4 June 2020
  5. COVID-19: Discretionary Grant Fund

 

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