Services sector exports record numbers, report shows
The UK services sector has experienced a record year, increasing exports to regions all around the world.
Month: January 2019
Businesses reminded to take steps to prepare for upcoming payroll changes
Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding payroll, which will come into force on the 6 April 2019.
HMRC wrongly issue fines before the self-assessment deadline
It has been revealed that Her Majesty’s Revenue & Customs (HMRC) has wrongly issued millions of fines to taxpayers, just weeks before the self-assessment deadline on the 31st January.
Can you save more than £355 on this year’s self-assessment?
Self-employed taxpayers may be failing to claim on average £1,687 in tax-deductible expenses, a new report has revealed.
HMRC crackdown on online tax evasion in the UK
The Joint and Several Liability (JSL) notices, were introduced in 2016 to protect British businesses from being undercut by overseas sellers committing VAT evasion.
ICAEW urging workers to not leave tax return until the last minute
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned self-employed workers not to leave their tax return “to the last minute”.
KN Adventure Monkey Travels
Meet the KN Adventure Monkey! He’s been on many adventures with various members of the KN team, but rather than keep him for our eyes only, we’ve decided to share his travel adventures with you! Can you guess where KNAM was this month?
Answer to last month’s location: Alexanderplatz Christmas Market, Berlin.
Celebrating Success!
We’d like to wish Beth McDonnell from our Audit Team huge congratulations on passing her final ICAEW exam last month! Beth has achieved an amazing set of results throughout her training with us and we look forward to supporting her as she continues through her professional career with us.
Businesses to be named and shamed under proposed new late payment system
A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments.
How do I get ready to comply with digital tax?
Making Tax Digital (MTD) is quite literally just around the corner. By April this year, an estimated hundreds of thousands of businesses will need to be fully compliant with MTD, which is why it is important to plan ahead now. Spearheaded by HM Revenue & Customs (HMRC), MTD is the Government’s plan to slowly digitise…