Blog26th Jun 2024 The Legal Sector: How Can You Navigate Its Complexities? In the rapidly evolving landscape of the legal sector, law firms are constantly having to stay ahead of the curve and find ways to navigate the challenges they face. So, what are the major challenges being faced by the sector… By Caroline Murphy View more
Blog26th Jun 2024 Non-Dom Tax Changes – Navigating The ‘Tax Twilight’ Zone Updated: 3rd June Rarely has the concept of non-UK domicile status and its impact on how an individual is subject to tax in the UK been in the headlines so much as in recent years. This is in part due… By Caroline Murphy View more
Blog26th Jun 2024 Potential VAT Refund Fraud – Are Your Bank Details Correct? We have been alerted to a number of cases where taxpayers’ bank account details have been amended without their knowledge. This fraud involves the submission of a letter or form VAT 484 purporting to be from the taxpayer requesting that… By Caroline Murphy View more
Blog26th Jun 2024 Are The Goalposts On Salaried Member Rules Moving? What are salaried member rules? The salaried member rules for Limited Liability Partnerships (“LLPs”) were introduced in 2014 to ensure only those members who held a genuine ‘partner’ role were taxed as self-employed individuals, such that those with arrangements closer… By Caroline Murphy View more
Blog26th Jun 2024 7 Ways VFF Can Help Charities in the Cost of Giving Crisis Despite the extreme pressures brought on by the pandemic, we witnessed in awe the charity sector rallying together and continuing to support those in need. Barely recovered, the voluntary sector (along with everyone else) was then quickly thrown headfirst into… By Caroline Murphy View more
Blog26th Jun 2024 Understanding employment taxes in the US Considering how relevant they are in our day-to-day lives, employment taxes can be very complicated to understand. As the employer, it’s your job to deposit and report employment taxes and prepare and file Form W-2. This is used to report… By Caroline Murphy View more
Blog26th Jun 2024 Navigate the End of the ‘Furnished Holiday Let’ The number of Furnished Holiday Lets (FHLs) in the UK has increased in recent years, driven by the ever-growing popularity of UK ‘staycations’. However, Jeremy Hunt announced in the 2024 Spring Budget that the Furnished Holiday Letting regime will be… By Caroline Murphy View more
Blog26th Jun 2024 A Guide To Navigating Norwegian Income Tax Returns An important Norwegian tax reporting consideration for individuals who have worked in Norway or offshore on the Norwegian Continental Shelf (unless the individual is taxed under the Norwegian PAYE Scheme) is the requirement to complete and file a Norwegian income… By Caroline Murphy View more
Blog26th Jun 2024 How to pay Independent Contractors in the US – a step-by-step guide It is important to remember that an independent contractor is a worker who does not work for your company, but is on a contract basis instead. Make sure you have correctly classified your workers before considering paying them as a… By Caroline Murphy View more
Blog26th Jun 2024 Weighing Up Energy Security, Transition, and Investment In 2024 the energy sector is facing a spaghetti junction of pathways, decision gates and options in a delicate balance between traditional energy sources and the imperative to transition towards renewables. As the world tries to tackle the need for… By Caroline Murphy View more
Blog26th Jun 2024 R&D Tax Relief Procedures: HMRC’s Latest Notification Requirement In today’s fast-paced business landscape, where staying ahead often means innovating and adapting to change, research and development (R&D) tax credits have emerged as a key tool for businesses, especially for small and medium-sized enterprises (SMEs). As an R&D tax… By Caroline Murphy View more
Blog26th Jun 2024 CYCLE TO WORK DAY – ANTICIPATING 1 AUGUST 2024 As we approach National Cycle to Work Day on 1 August 2024, the significance of cycling for both personal health and environmental well-being continues to grow. Originally introduced by the UK government in 1999, the Cycle to Work scheme aimed… By Caroline Murphy View more
Blog26th Jun 2024 Do you have an obligation to file an Annual Tax on Enveloped Dwellings (ATED) return by 30 April 2024? WHAT IS ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an interest in UK residential property valued at over £500,000. The charge applies to houses, self-contained flats,… By Caroline Murphy View more
Blog26th Jun 2024 Employment Tax Reporting Deadlines: Are You Prepared? The 5th of April is fast approaching, which brings the array of end-of-year reporting to HMRC! We have compiled a list of the key reporting deadlines which your business may need to be aware of in the upcoming months following… By Caroline Murphy View more
Blog26th Jun 2024 Short Term Business Visitors (STBV) – Are you compliant? Are you thinking about taking advantage of the expertise of those based overseas? Do you already have staff coming to the UK for short periods of time to undertake specific pieces of work or to attend meetings? Now more than… By Caroline Murphy View more
Blog26th Jun 2024 Financial Modelling Benefits: A Guide for Construction Businesses In the ever-changing and competitive landscape of the construction industry, it’s vital for companies to use every tool at their disposal to stay ahead of the curve. One such strategic tool is financial modelling, a critical element in fiscal management,… By Caroline Murphy View more