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MTD for Income Tax (MTD ITSA)

MTD for Income Tax (MTD ITSA)

HMRC has published a Making Tax Digital Guide to assist taxpayers and self-employed individuals in their income tax self-assessment. This guide (MTD ITSA) will provide taxpayers with greater clarity and explain some frequently asked questions. Register with MTD ITSA...
Tips of Hiring Your Family Members

Tips of Hiring Your Family Members

Recently, our client, Ms Wang, stumbled upon us and asked us what to look out for when hiring family members. Maybe you’ve thought about the same thing, since hiring a family member might be a good idea after all. Family ties may increase trust and...
The Register of Overseas Entities

The Register of Overseas Entities

Companies House has confirmed that the Register of Overseas Entities was officially opened from 1 August 2022, a decision created under the Economic Offences (Transparency and Enforcement) Act 2022 passed earlier this year. This means that overseas owners who want to...
Beware of ‘careless mistakes’

Beware of ‘careless mistakes’

Penalties for careless mistakes in tax returns? Recently, some departments have calculated the 2021/22 year HMRC fines for taxpayers in tax returns. The 80% penalty for “careless mistakes” by taxpayers has nearly tripled by 40,000 from the previous year....

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