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Tax
Many family businesses won’t survive under Labour’s IHT polices say experts
Labour Party’s intention to strengthen public services could mean changes to inheritance tax (IHT) policies that could significantly impact solo self-employed business owners and family-owned businesses, according to news sources. These…
Lib Dems may have sealed 4.2 million votes overnight
The Liberal Democrats Manifesto released this week pledges to end retrospective tax changes such as the loan charge brought in by the Conservatives and review the Government’s off-payroll working IR35 reforms to ensure self-employed people…
Child benefit tax breaks could be boon for Mums
According to the Institute for Fiscal Studies (IFS), families with children have been disproportionately impacted by benefit cuts since 2010. Reductions to tax credits and the introduction of the 'two-child limit' in Universal Credit have…
Pension death tax reforms could crush families of freelancers and small business owners
Public affairs financial experts are expressing concerns that a Labour government may introduce changes to pension taxation that could significantly impact freelancers, solo self-employed individuals, contractors and directors of limited…
Tax avoidance crackdown to target traders, small biz
The Conservative Party wants to raise £6bn a year by clamping down on tax avoidance and evasion with the proceeds of the tax revenue received to go towards childcare benefits and to help pay for the proposal to introduce national service…
Self-employed: invest the extra cash coming your way
A recent report by Hargreaves Lansdown says the financial freedom of freelancing comes with a significant financial cost. But for those freelancers that take advantage of lower national insurance and electricity costs becoming available…
Goodbye, contractor blanket bans?
A legislative fix to off-payroll working rules taking effect on April 6th should reduce the perceived financial risk of engaging contractors commonly known as contractor blanket bans
The start of the new tax year today - 6th April -…
Why is it becoming so taxing to be self-employed?
Millions of self-employed will be affected by the tax-free dividend allowance cut made this month and what could be yet another year of job insecurity and unnecessary economic risk posed by IR35 and an unregulated umbrella industry
From…
HMRC CEST tool reportedly “misaligned with the law”
THIS ARTICLE HAS BEEN UPDATED
Freelancers face a potential tax timebomb, thanks to a recent revelation about HMRC's CEST tool. However, not all IR35 and Off-Payroll experts believe the HMRC is in the wrong
A Freedom of Information…
HMRC Halts Helpline Cuts After Public Backlash
HM Revenue & Customs (HMRC) announced a U-turn on its plans to restrict access to phone helplines, following criticism from taxpayers and businesses.
The initial plan involved closing the Self Assessment, VAT and PAYE helplines for…