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The Personal Tax Account – Making Tax Digital Gets Personal!

While some aspects of Making Tax Digital have been deferred for the moment, others are already in place. Heralded when first proposed in 2015 as the “Death of the Tax Return”, much of the government’s Making Tax Digital programme has been pushed back to April 2020 (with the… read more


Surprise, surprise! Autumn Statement scrapped….

The most surprising news of Philip Hammond’s Autumn Statement was his decision to abolish it. In future we will have an Autumn Budget and a Spring Statement.  The announcement brought hilarity from the benches, but in reality it does appear to make some sense. Following the spring 2017… read more


Can you claim tax relief on your website?

Even though expenditure on website development may be shown in your accounts as advertising, marketing or IT costs, this does not necessarily mean that it is allowable by the taxman as revenue expenditure and therefore tax deductible.  In order to identify the correct tax treatment, the exact nature… read more


Are you taxed by tax…?

A few years ago HMRC’s adverts contained the message “tax doesn’t have to be taxing”.  Many have questioned that statement since and now HMRC has commissioned its own research! HMRC is attempting to gain an understanding of taxpayers’ experience of the PAYE process in particular. The research, “PAYE… read more


Survey shows business confidence has returned to Peterborough

Earlier this year Rawlinsons commissioned the ‘Greater Peterborough Business Survey’ in association with Opportunity Peterborough.  The purpose of the survey was to gauge business confidence in Greater Peterborough, rather than the usual Cambridgeshire-wide reports. We received responses from over 200 companies, spanning all sectors, with the majority of… read more


It’s time for the Chancellor to update stamp duty system

The failure of successive Chancellors failure to adjust the stamp duty system – coupled with recent increases in house price – will lead to billions in extra tax in coming years; and that is according to the Chancellor’s own figures published in the Autumn Statement.   Of course, stamp… read more


How to reward your staff with tax friendly gifts

Incentivising your staff is key when you want to retain your top talent. But how can you achieve that without incurring tax? HMRC is not overly generous when it comes to enabling you to reward your staff. Anything involving hard cash or vouchers will attract income tax and… read more


Reduce the burden of tax administration for small business

New research by the Federation of Small Businesses (FSB) has found that the UK’s small business community is struggling under the burden of tax administration. Half of the small companies questioned spend between two to eight hours per month understanding, calculating and completing tax forms.  A further 11%… read more


Is your cash flow ‘flowing’ efficiently?

Most people know that cash flow is the life support of any business and that more firms go bust because of cash flow than anything else. Recent figures show that in the April to June quarter of 2013 there were 3,978 compulsory liquidations and creditors’ voluntary liquidations in… read more


Is it time to take stock of your business?

These days the world is seemingly moving at a faster pace than ever before. Deadlines have been squeezed, workload has increased, and to do lists are getting longer. At least it feels this way, so if you are a business owner, when do you ever get the time… read more