Landlords tax rate changes

A guide for individual landlords on the recent tax changes. Whether you own one or 50 let properties, you need to be aware of the tax changes that have already started to take effect – and which will accelerate over the coming years. Restricted interest For periods before 6 April 2017, all the interest and… Continue reading Landlords tax rate changes

Making tax digital

Making Tax Digital (MTD) will mean most businesses and taxpayers access their tax affairs online through digital tax accounts in the near future. But what impact will MTD have on your business? What is Making Tax Digital? “Tax really doesn’t have to be taxing”, said former chancellor George Osborne as he announced plans at Budget… Continue reading Making tax digital

Prompt payment code

Businesses have backed the Prompt Payment Code (PPC) to support SMEs who are dealing with late payments. The PPC sets the standards for best practice for businesses and suppliers chasing overdue payments and invoices, ensuring everyone is paid on time and offered clear guidance on procedures. Suppliers to the government have willingly committed to pay… Continue reading Prompt payment code

Significant control reporting

Changes to the people with significant control (PSC) register have come into force. All companies and limited liability partnerships (LLPs) are required to identify and record the people with ‘significant control’ over their company. Previously, a company or LLP would make any changes to the PSC register as part of its annual confirmation statement submitted… Continue reading Significant control reporting

Start-up funding

Almost half (40%) of aspiring entrepreneurs cited lack of funds as the main barrier to starting a business, according to research. Out of 1,500 people surveyed by Yell Business, 51% thought about starting their own business but barriers such as risk of failure (25%) and not knowing where to start (23%) were preventing them from… Continue reading Start-up funding