Category: Tax

Medical accounting expert Philip Redhead highlights two important topics for accountants with GP clients. In this article I’d like to bring your attention to two topical matters regarding GP pensions’ excess annual allowance tax charges on their pension contributions, and…

Mark McLaughlin highlights a relaxation in a normal business asset disposal relief condition that could be helpful to some company shareholders. Many company owners hope to claim business asset disposal relief (BADR, formerly known as entrepreneurs’ relief) on an eventual…

Sam O’Connor has some advice on how you can take advantage of changes to the tax regime to boost your profitability. With Making Tax Digital for Income Tax (MTD IT) on the horizon, we’ve been exploring what it means for…

I’d like to recommend a brilliant new guide to illegal dividends from tax expert Lee Sharpe. ‘Illegal Dividends and the Pandemic’, which is available as a free download, is a compilation of a series of three articles that were published…

Those of you who have met me or have listened to a few of my webinars or presentations will know that this is one of my favourite sayings; somehow ‘sure as eggs are eggs’ always seems to find its way…

Many of us have been forced to work from home because of Covid-19. But what tax implications does this have? Nick Lovett explains all. In the current climate more people than ever are working from home. This may be as…

In the latest article in his medical accounting series, Philip Redhead discusses how personal income and expenditure of GPs should be dealt with in the light of recent changes by HMRC. HMRC’s changes to its internal manual BIM82080 were introduced…

Mark McLaughlin points out that staying single could save inheritance tax in certain circumstances. The UK’s tax regime contains various reliefs, exemptions and allowances, some of which are seemingly designed to encourage couples to be married (or in a civil…

When it comes to the claiming of research and development reliefs, too many advisers are bending the rules to breaking point, says Andrew Hubbard. Over the past few months I’ve spent a lot of time looking at the current state…

Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors. No more delays: IR35 reform is set for 2021 On 1 July, MPs voted against an amendment that proposed a 2023/2024 IR35…