Businesses that use the flexible workforce provided by an estimated 1m contractors are set to have their working relationship redefined due to the enforcement of taxation under the IR35 Rules. The move will impact both the business and contractor by fundamentally changing the way they work together and pay tax to
Tag: HMRC
Hentons strengthens the tax team with a key appointment
Gary Olding has been promoted to the role of tax director at accountancy and business advisory firm Hentons. The Leeds-based firm continues to strengthen its specialist tax team. The firm is helping its clients manage changing taxation for small businesses and contractors alongside tougher enforcement from the HMRC which expects to
Final steel added to the Government Hub
Developer and asset manager MEPC, has celebrated the topping out of Buildings 7 & 8 with a steel signing event – marking a major milestone in the build of one of the city’s most anticipated new commercial properties. Once finished, the modern, fit-for-purpose office space will accommodate HM Revenue and Customs
Administrators save Leeds claims companies
Yorkshire administrators have helped ensure the continuity of a group of Leeds claims companies after they were bought out of administration in a pre-packed sale. Joint administrators Kelly Burton and Lisa Hogg from Sheffield-based Wilson Field were called in by the directors when the group faced financial difficulties. The companies, Care Home
New figures reveal R&D hotspots in Yorkshire and the Humber
New data published for the first time by HMRC has revealed the hotspots for R&D tax relief claims across Yorkshire and the Humber. West Yorkshire-based businesses topped the league for the number of claims for R&D tax credits in 2015-16 at 800 claims, followed by South Yorkshire on 440 and North
Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance
The average UK small business spends £5,000 and three working weeks every year on tax compliance, according to the latest report from the Federation of Small Businesses (FSB). Taxing Times highlights the many hurdles small businesses face when trying to pay taxes. Almost half (46%) say determining the tax rates at
A third of tax returns outstanding a week before the deadline
With only a week to go until the January 31 tax deadline, HMRC has announced that just over three million customers are yet to complete their 2016 to 2017 returns. TaxAssist Accountants in Keighley is warning local small businesses to act now or face hefty fines. "There are enough calls on local
Yorkshire advisors serve up rescue deal for London restaurant
Administrators from Yorkshire-based Wilson Field have worked with bosses at a London restaurant to serve up a rescue deal. Kelly Burton and Lisa Hogg were appointed joint administrators on 10 July to South Kensington based L’Etranger Restaurant. Established in 2002, the Gloucester Road restaurant, located near the Royal Albert Hall and London's
Don’t let holiday workforce give you the summertime blues, local business owners warned
Local business owners who take on temporary workers over the next few months are being warned not to let paperwork oversights give them the summertime blues. Zahid Khan who runs TaxAssist Accountants in Wakefield said: “Local small businesses will be taking on temporary staff throughout this summer and with seasonal pressure
Digital announcement confirms new era of tax reporting for business owners, says local specialist
As HM Revenue & Customs (HMRC) finally announces the results of consultation into its Making Tax Digital plans, local business owners are being urged to prepare for a new era of tax reporting. Will Swift who owns TaxAssist Accountants in Horsforth, said: “The announcement this week gave very little ground to