47 tax reliefs should be axed says the OTS
The OTS has now identified 47 out of 1,042 tax reliefs that could be abolished and a further 17 that could be simplified. It’s long awaited report was published last Thursday.
capital gains tax
Countdown to stronger fines make it a good time to find a reputable umbrella company
Contractors might be interested to learn that HMRC is going to impose penalties of up to 200% on individuals found guilty of tax and capital gains evasion.
Should umbrella company contractors put their faith in an ISA?
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
Mirrlees review proposals are not good news for contractors
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.
Forget about tax evasion, honesty must be the best policy
HMRC is set to increase its investigations into tax avoidance and contractors not operating via an umbrella company may wish to get advice from a specialist accountant to ensure that all their tax matters are in order.
Umbrella companies need to plan ahead for emergency budget
Small businesses and umbrella companies should plan ahead in order to cope with the changes that are likely to be introduced in next week’s budget.