Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure is incurred for businesses purposes does not make it deductible. Subject to certain limited exceptions,...

Beware of triggering an IHT bill on Christmas gifts When deciding what to give as Christmas gifts, the possibility of triggering an unintended inheritance tax liability is not one that immediately springs to mind. However, there are traps that may catch the unwary....

What is the HICBC? The idea of capping child benefit for higher earners was first floated by the then Chancellor George Osborne in 2010, and was confirmed in Budget 2012. The policy rationale was clear: given the then state of the public finances, the country could...

If you work in construction, whether you are a builder, carpenter, plumber, plasterer, painter etc AND you use the services from time to time of other workers in the construction industry you will need to comply with a special set of tax rules collectively known as...

The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting reference date. For example, many companies have a year-end date of 31 March and are therefore required to file their accounts...

As well as filing accounts with Companies House, there is a further requirement to check that the information Companies House holds about your company is correct every year. This is done by the filing of an annual company confirmation statement which replaced the...