Welcome 

This is a Practical Tax Database - your online tax partner. This web-service aims to answer your key tax FAQs and is packed with useful and practical tax and business know-how, tools, examples and checklists. 

Register to receive our FREE news update service, Subscribe to UNLOCK all the content. Our Terms & Conditions  apply to you if you use our material.

Check out our sister site: Virtual Tax Partner® support service for advisers and their clients.

"We find it a really useful tool for day to day reference and appreciate the plain English terminology that a lot of other sites seem to miss! Keep up the good work"..."An immensely useful resource"... "My only question is - why did we not subscribe before..." "Stunning" ...Read More Reviews

Hello,

This week we consider how landlords can cheaply top up their entitlement to the State pension and we have new CPD covering the taxation of couples. We review HMRC's Stamp Duty Newsletter from HMRC and a couple of case reports which show what happens when professional advice goes wrong. We also have updates on capital gains reporting and the tax treatment of compensation received by postmasters.

Self Assessment taxpayers who do not make their 2021-22 balancing payment by 3 March 2023, face a 5% late payment penalty. A penalty may be avoided by setting up a Time to Pay agreement before the penalty deadline.

Hello,

This time we have new Agent and Employer updates, another reminder to top up voluntary NICs, and a new remuneration optimising calculator.

Hello,

A late filing penalty appeal decision this week illustrates a case whereby a taxpayer might possibly have avoided a late filing penalty had she asked HMRC to cancel her notice to file a Self Assessment return, rather than filing an unncessary return late and thus attracting an automatic fine.

Hello,

This week we are continuing to focus on practical tax planning guides and checklists ahead of the year-end, while our review of decisions from the tax tribunals has yielded some cases on topical subjects. Don't miss the news headlines too.

Our 2023 range of Practical Tax Year-End and Accounting checklists cover individuals, in their private capacity and their business interests. They make essential reading for any business owner or adviser.

  1. Nichola's SME Tax W-update 2 February 2023
  2. Nichola's SME Tax W-update 26 January 2023
  3. Offshore tax penalties: case study
  4. The 'Voice of Rugby' not a Sky IR35 employee
  5. Nichola's SME Tax W-update 19 January 2023

 

We hope you are enjoying this amazing Practical Tax Database here at www.rossmartin.co.uk.

Sign up now to receive our unique FREE Newsletter full of Tax Planning Tips & Know-How.

.Squirrel ad