HMRC has released further details about how it plans to crack down on offshore tax evasion. Treasury officials announced plans to create a new strict liability offence for offshore tax evasion following Budget 2015 in March. Strict liability refers to a criminal...
The Financial Reporting Council (FRC) has introduced new accounting standards designed to simplify reporting for small and micro businesses. Micro businesses will now have to report to a different standard than small businesses under the new FRS 105, while small...
Dividend tax credits will be replaced with a new £5,000 tax-free allowance from April 2016, the Chancellor George Osborne announced during his Summer Budget statement. Under current rules dividend income is reduced with tax credits. Basic rate taxpayers currently pay...
A third of medium-sized business owners are planning to sell their business, a report by law firm Mills & Reeve has found. The research into the health of the UK’s mid-market sector reveals that 33% of business owners are thinking about an exit strategy....
