Spotlight

VAT

Tax planning

Tax | How to prepare your practice for the next stage of MTD

The one-year delay to the introduction of the next phase of Making Tax Digital (MTD) for income tax means that accountants have more time to prepare, but it is still a priority, explains Emily Coltman, chief accountant at FreeAgent

25 Nov 2021

Making Tax Digital

Tax | HMRC advisory fuel rates for company car users from 1 December

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2021, increasing mileage rates by between 1p and 2p per mile for all petrol and diesel vehicles, while the electric car rate also increases

24 Nov 2021

Tax | Tax pitfalls of building a garden home office

Investing in a home office with a garden shed upgrade or working pod makes sense for home workers, but there are a number of tax issues to consider, warns Ian McMonagle, taxation director at Russell & Russell

24 Nov 2021

Personal tax

Tax | The remittance basis and deemed domicile rules

For non doms it is important to consider the levels of the remittance basis charge and when the application of the deemed domicile rules means that a claim for the remittance basis is no longer possible, warns Croner-i tax writer Laura Burrows

24 Nov 2021

Tax | What is changing in the world of R&D tax credits?

Changes to research and development (R&D) tax credits are due to come into effect in 2023. AAT’s Annie Makoff examines the impact and talks to accountants about potential pitfalls

23 Nov 2021

Business tax

Insight | Partnership dispute in Tribe case highlights risk of court action

After the High Court ruling over a partnership dispute over payments in Tribe v Elborne Mitchell LLP, Andrew Flynn, associate at Cooke, Young & Keidan LLP examines the impact on partnership arrangements

22 Nov 2021

Practice & Industry

Law and regulation

Insight | Businesses fight fraud with private prosecutions

Pursuing private prosecutions for high net worth clients can be a quicker way to resolve disputes, particularly when fraud is involved, argues Kate McMahon, partner at Edmonds Marshall McMahon

18 Nov 2021

Business

Insight | Accountants Old Mill converts to limited company to drive growth

Accountancy and wealth management firm Old Mill has converted from a limited liability partnership (LLP) to limited company status in an ambitious five-year plan to grow the business

17 Nov 2021

Practice & Industry

Careers

Leadership & management

Tax | CGT incorporation relief – some practical issues

Converting a business from sole trader status to incorporated company has some tax advantages, but it is important to consider the interplay of capital gains tax rules, explains Stephanie Webber, tax writer at Croner-i

17 Nov 2021

Insight | The end of UK insolvency restrictions

As the UK government’s temporary restrictions on statutory demands and winding up petitions are phased out, Paul Reeves and Joanne Wright, restructuring advisory at Kroll, recommend a triage approach to overcome the challenges ahead

15 Nov 2021

Business

Insolvency

Accounting | How to improve cash flow and reduce risk

Making sure bills are paid on time is absolutely critical for any business wanting to improve cash flow and strengthen the balance sheet, explains Warwick Haycock, accounting software specialist, Access Group

12 Nov 2021

Accounting

Financial reporting

Insight | Doing your due diligence when buying an accountancy practice

Colin Howell, regional partner of Business Partnership and qualified financial accountant, outlines the importance of conducting due diligence when buying an accountancy practice, plus tips and a checklist for potential buyers

11 Nov 2021

Practice & Industry

Leadership & management

Audit | Using tests of details to obtain audit evidence

Michelle Roberts ACA, audit writer at Croner-i, explains what tests of details are and how to use them to obtain audit evidence and identify material misstatements taking into account ISA (UK) 330

10 Nov 2021

Audit

Auditing

Corporate governance

Tax | Q&A: tax and cryptocurrency disposals

In this week’s Q&A, Croner Taxwise experts consider the tax implications of disposing of cryptocurrency holdings and whether a lost hard drive containing bitcoin can be written off against tax

9 Nov 2021

Personal tax