HMRC has updated its guidance on how to spot phishing and bogus emails seeking your personal information. The key point is that HMRC is a late and reluctant user of emails so it makes sense to look carefully at any email purporting to be from them before opening it, or taking any action requested. Read this blog to find out more.
What is our reaction to yesterday’s announcement that the decision to impose higher National Insurance contributions on the self-employed is being reversed? See Peter Owen's, Ecovis Head of Tax, thoughts in this blog
There are four key areas that, as a Landlord, you need to be aware of as they may have a significant impact on the tax you pay. Read this blog to find out more.
With the end of the tax year almost upon us, the 2016/17 P11D reporting season is looming on the horizon for employers. It won’t lessen the reporting obligations for the 2016/17 tax year, but employers can register with HMRC before the end of this tax year to payroll employee benefits for the 2017/18 tax year. Read this blog to find out more.
On Wednesday 8th March, The Chancellor Phillip Hammond presented the last Spring Budget. In his speech, the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed individuals. To find out more, download our summary of the last Spring Budget.
Back in the 2016 Budget, the Government announced that it was again considering making changes to the tax treatment of salary sacrifice for benefits in kind. The Government’s policy paper was published in December 2016.
On Tuesday 10th January the news broke that Snap, the company behind Snapchat, is setting up an international office in Soho, London. This involves expanding the existing office and UK workforce and handling all sales from countries outside of the US (as well as recognising the accompanying revenue).
The Commons Treasury Select Committee has recently published its report into the HMRC Making Tax Digital project. The Committee recognised the benefits that could arise from electronic tax reporting, but made strong recommendations to HMRC regarding the income level at which taxpayers would come within the scheme and the timetable for the introduction of the scheme.
Since December 1st, the employees of Ecovis Wingrave Yeats have been running a reverse advent calendar initiative.
“Small businesses who use an accountant grow their net profit 23% faster than those who do not, found our Xero Signals research.” - Doug LaBahn, Global VP Product and Partner marketing.
Things seem to be changing in the worlds of the Commercial Producers. As of a few years ago the commercials guys did their thing and the TV world quietly got on with theirs. If you read the latest edition of Televisual (which happens to be the top 30 commercial producer edition), amongst the usual stats there was an interesting question posed. What else are you doing outside TV & Cinema ads?
In September, Peter Owen, Ecovis’ Head of Tax, laid out the basics of the Governments plans to introduce a new digital tax system. In this article, several concerns are highlighted, including the potential administrative and financial burden that could be imposed on SME’s as a result of the proposed changes. Since then the government has consulted with a wide range of businesses and industries who are concerned about the potential for increased compliance burden and more red-tape.
Ecovis Wingrave Yeats Senior Partner, Robert McCann, has been featured in the December 2016 issue of EP's Magasine, Perspective. In the article he explores the world of Big Data. "Once the preserve of conglomerates, data rich businesses such as financial institutions and airlines have been at the leading edge for years. They have made use of complex algorithms to learn from customer data sets and make predictions."
Following the EU referendum in June 2016, which yielded an unexpected Leave result, London Mayor Sadiq Khan launched the #LondonIsOpen campaign to show that London is united and open for business. So undoubtedly, the Mayor will be as delighted as we are to hear that the UK has jumped 5 places to 10th position in the World Bank league table of business-friendly tax regimes.