Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting).

The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.

A guide to the Autumn Statement 2023 (including key announcements from the Spring Budget coming into effect next year).

HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006.

Claiming child benefit is, after the initial claim, an incredibly straightforward process (subject to the issues raised above regarding higher earners).

If your company undertakes research and development (R&D) you will usually benefit from generous tax relief.

There is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC's radar.

In families where child benefit is claimed, it is important that the individual or couple receiving the child benefit keeps a close eye on their income level.

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.

The Nationwide Building Society has paid what is described as a 'fairer share' of £100 each to around three million of its customers.

In Spring Budget 2023 the Chancellor announced a welcome change to the tax treatment of pensions - the scrapping of the Lifetime Allowance (LTA).

Processing clients weekly/monthly payrolls – calculating pay deductions. Issuing reports, payslips – paper, email, portal.

A persistent bug in the PAYE system is caused by the HMRC computer creating a duplicate employment record which it then uses to demand PAYE for wages which have not been paid.

The traditional way to hide sales from HMRC is to take payment in cash and not put it through the books. Nowadays technology helps dishonest traders to hide sales by using electronic sales suppression (ESS) software.

Student loan repayments (SLR) are normally deducted under PAYE from employment income so many people incorrectly assume that SLR are not due on other 'unearned income' such as rent or pensions.