PMA Accountants

Taking dividends from a property company https://www.accountingjournal.uk/p/taking-dividends-from-a-property

Holiday lets and business rates

Holiday lets and business rates The abolition of the furnished holiday lettings regime abolished day counting for tax purposes from 6 April 2025 onwards.

Simple assessments – What are they? In the last few months, some taxpayers who possibly have had no dealings with HMRC previously have been receiving letters headed ‘Simple Assessment’. The letters are being sent to those taxpayers whose outstanding tax liabilities cannot be collected automatically through the Pay As You Earn (PAYE) s https://www.pmaaccountants.co.uk/blog/simple-assessments-what-are-they

VAT traps for small businesses: Common compliance mistakes https://www.accountingjournal.uk/p/vat-traps-for-small-businesses-common

Charging interest where a director’s loan account is in credit https://www.accountingjournal.uk/p/charging-interest-where-a-directors

Registering late for self-employment – The tax implications Having made the big decision to start a self-employed business, there will be countless decisions and administrative tasks to attend to. Informing HMRC of the new venture may not be high priority, particularly where income is uncertain. However, failure to do so and in time can lead to penalties, in https://www.pmaaccountants.co.uk/blog/registering-late-for-self-employment-the-tax-implications

Registering late for self-employment – The tax implications https://www.accountingjournal.uk/p/registering-late-for-self-employment-df7

Director loans: When borrowing from your company can be expensive https://www.accountingjournal.uk/p/director-loans-when-borrowing-from

Temporary reduction in VAT on children’s meals and certain attractions https://www.accountingjournal.uk/p/temporary-reduction-in-vat-on-childrens

Can a director become liable for unpaid corporation tax? https://www.accountingjournal.uk/p/can-a-director-become-liable-for