Different benefit options available for your R&D tax relief benefit..

Benefit Options There are a number of different factors that go into determining the benefit option for your R&D tax relief benefit, such as the business’ financial position, what scheme they are claiming under (SME or RDEC), as well as the client’s wishes in certain scenarios. They could receive it as a cash payment, a Corporation Tax....
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New 30 day CGT regime for residential property disposals PART 3 OF 3

Amending the ReturnWhere the capital gains tax UK property disposals return is later found to be incorrect, it is possible to submit an amendment, but this cannot be amended online. Instead, you are recommended to contact HMRC.The capital gains tax UK property disposals return cannot be amended once the self assessment tax return for that year....
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Demergers ...... Is it time to split?

Businesses often grow and expand over a period of time to later find that not all shareholders or directors are aligned anymore in terms of the overall direction or growth strategy of the company. Most will be owner-managed or family businesses that have grown such that different people are responsible for separate departments or types of business.....
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New 30 day CGT regime for residential property disposals PART 2 OF 3

PAYMENT OF CGT As well as submitting a capital gains tax UK property disposals return within 30 days following the date of completion, the taxpayer should make a ‘payment on account’ in respect of the disposal. This payment deadline applies unless: the disposal results in a loss ― which means no tax is payable; the amount....
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Check your HMRC post! (or pay someone to check it for you)

In the process of preparing a 2019/20 Return for a client, I have just been granted agent access to their HMRC Self-Assessment account.Self-Assessment Returns were issued for the years ended 5 April 2014, 5 April 2015 and 5 April 2016 and are currently outstanding.Late filing penalties have accrued on the account in the sum of £3,300 - taxpayer app....
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