by Oasis Accountants | Jul 21, 2023 | Newsletter
Concept Of ATED Annual Tax on Enveloped Dwellings (ATED) is payable by companies owning residential properties valued at more than £500,000. ATED return needs to be filed if your property: Is a dwelling. Is in the UK. Valued more than £500,000. Is owned completely or...
by Oasis Accountants | Jul 19, 2023 | News
Navigating Tax Pitfalls: HMRC Targets Online Influencers Promoting Products on Social Media The rise of social media and digital platforms has opened up new opportunities for online influencers. However, it has also brought about tax implications that influencers need...
by Oasis Accountants | Jul 14, 2023 | Newsletter
VAT: An inspector calls! A business will have a visit from a VAT inspector for one of two reasons; a routine visit after selection by the HMRC computer based on the type of business and the level of turnover, or if the business has an unexpectedly large VAT repayment....
by Oasis Accountants | Jul 7, 2023 | Newsletter
The closure of a company can be costly, and there will be various practical financial matters to attend to: for example, if there are staff they may be entitled to redundancy pay; there will possibly be VAT deregistration; the submission of final accounts and tax...
by Oasis Accountants | Jun 30, 2023 | Newsletter
If you’re an employer and provide expenses or benefits to employees or directors, you must usually: Report them to HM Revenue and Customs (HMRC) Pay tax and National Insurance on them Examples of expenses and benefits include: Company cars Health insurance Travel and...
by Oasis Accountants | Jun 23, 2023 | Newsletter
It is common for family members to be employed within owner-managed businesses. When employing family members, taxpayers need to be aware that where remuneration is set at an uncommercial rate, HMRC may seek to disallow a portion of the expense when computing their...
