No late filing penalty if self assessment tax return filed by 28 February 2021, but interest will still be charged on any outstanding liabilities. More time to file your online return and make Time To Pay arrangements.
Bates Weston’s tax team update and co-author Tolley’s Tax Planning for Owner Managed Businesses 2020-21.
Bates Weston Tax welcome Liz Pepper to our growing tax advisory team. Major decisions, especially for owner managers, have far reaching impacts. Our job is to help them take the big decisions with confidence. Recognised by Tolleys’ for our work with OMBs, we offer rounded practical tax advice.
The importance of using professionally qualified tax advisers is recognised by the government and it may become a legal requirement for all advisers giving tax advice on a commercial basis to be a member of a professional body. Rest assured Bates Weston’s tax team are members of the CIOT and ICAEW.
The legislative changes brought about by the independent review into the controversial loan charge received Royal Assent on 22 July and are therefore now law.
Cassandra Graham, Senior Tax Manager at Bates Weston looks at how director shareholders can pay themselves tax efficiently, given the fallout from Covid-19.
On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.
Craig Simpson, tax partner at Bates Weston stresses the need for rigorous attention to detail and issues a warning not to cut corners on R&D claimsÂ
A holding company structure could reduce risk for growing businesses and those with surplus assets. Is it time to reconsider your business structure?
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.