In this age of financial constraints and constant pressures on efficiency saving, a recognised barrier to improving efficiency and control has been financial reporting.
The first step is to satisfy yourself that HM Revenue & Customs is correct in its calculation of a tax underpayment.
HMRC has become increasingly aggressive in its approach to trusts in its belief that these are used primarily for tax avoidance purposes.
The landscape for the public sector has changed since the election. But this offers a massive opportunity for those organisations who want to capitalise on the changes. Here’s why.
Partnerships, like individuals, can give cash under Gift Aid enabling the charity to reclaim the basic rate tax, worth £28 on a donation of £100.
HM Revenue & Customs (HMRC) has announced a new facility called the Tax Health Plan (THP) aimed at doctors and dentists.
If you let out a furnished holiday property in the UK on a commercial basis you may currently qualify for favourable tax treatment if all the qualifying tests are met.
The true cost of refurbishing offices or moving into different premises can be significantly affected by the work done and how this is presented to HM Revenue and Customs (HMRC).