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Last Minute Tax Filing

20th January 2016

Now that the Christmas tree has been removed and the decorations packed away, it’s that time to face the dreaded task you’ve been putting off all year – your personal tax return. For those of you doing this for the first time, it might seem daunting, but we will hopefully ease some of that and run you through the whole ...read more

The Cycle to Work Scheme Explained

5th January 2016

The New Year’s resolution is an age-old tradition whereby, at the start of a new calendar year, people set themselves a goal (or sometimes multiple goals if they are feeling particularly greedy), be it changing an aspect of their lives or perhaps achieving an objective. Invariably, the life-span of the average New Year’s resolution is similar to that of the ...read more

Autumn Statement – Digital Tax Accounts

1st December 2015

One of the announcements in this week’s Autumn Statement is the planned introduction of digital tax accounts. 10 million individuals and 5 million small businesses will be the first to have access to their accounts from early 2016, and by 2020 the rollout will include all individuals in the UK. The digital accounts will essentially be a ‘one stop shop’ for ...read more

Tips and Taxes – are you playing by the rules?

27th August 2015

A tip or gratuity is an amount of money that is paid, voluntarily, by a customer or client in addition to the sum they are required to pay for the good or service they have received. The voluntary aspect is the key distinction between a tip and service charge, which is compulsory. If you work in an industry in which ...read more

HMRC vs Dental Practices – To Be VAT Registered or Not To Be

21st August 2015

Since 2006, dentists have been able to incorporate their businesses, and many have chosen to do so because of the benefits it can provide. However, some dentists discovered that the contracts they had with their local NHS trust could not be transferred to the newly created company. One solution to this problem is to continue to run both the old ...read more

The Taxes of Transfer Fees

6th August 2015

The new season of the Barclays Premier League is nearly upon us, which means that there are only a few weeks left for managers (or owners who think they are managers) to splash some cash on a marquee signing or two before the transfer window shuts. Given the extremely large amounts of money that can change hands when a player ...read more

UK risks being branded ‘tax haven’

13th July 2015

Despite general support of the Chancellor’s announcement that the corporation tax rate would be decreasing from 20% to 18% over the next five years, many caution the international impact of the decision. Although there are seven other countries in the G20 with lower effective corporation tax rates, George Bull of Baker Tilly warns that the ‘drift towards ever-lower rates of corporation tax in ...read more

Budget 2015: Take 2

13th July 2015

I’m sure everyone was glued to the TV during the Budget speech last week, hanging off of George Osborne’s every word. However, on the off-chance that you weren’t (although I can’t think of any possible reason why that would be the case!), then the good news is that we here at Howlader & Co HQ were paying attention, and ...read more