Corporation Tax Archives

Doctor, Doctor: Are Medical Expenses Tax Deductible?

The question of whether medical expenses are tax deductible is one which is frequently posed and we can consider this using the example of a self-employed farmer who seeks treatment from a chiropractor. She believes that the treatment will improve her ability to farm...

Doctor, Doctor: Are Medical Expenses Tax Deductible?

Corporation Tax, Tax

The question of whether medical expenses are tax deductible is one which is frequently posed and we can consider this using the example of a self-employed farmer who seeks treatment from a chiropractor. She believes that the treatment will improve her ability to farm...

Self Employed Landlords: What you need to know about Digital Accounting

Corporation Tax, Making Tax Digital, Property, Tax

By 2020 most businesses, self-employed individuals and landlords will be required to use software or apps to keep their business records and to report their income and expenditure on a quarterly basis to HM Revenue & Customs. This new regime will commence on 6...

All Change To Incorporate Pay Rises

Corporation Tax, Employees, Payroll

“Britain deserves a pay rise.” Those were the inspiring words of the Chancellor in his Summer Budget. But deserved or not, there are a lot of implications for British businesses this April, in order to initiate the new Living Wage for those aged 25 and over. The wage...

Corporation Tax: Late Filing Penalties

Corporation Tax

If you are the director of a limited company then you will be aware that you must submit a tax return to HMRC each year, declaring your personal income. The company, as a separate entity, must also submit a tax return and, much like a personal tax return, if the...