Orange & Gold Blog

Small Business Tax Review Announced

Today the Office of Tax Simplification has published it’s second report - “Small Business Tax Review”. This includes reviews and recommendations about the future of IR35.

Husband and wife companies – where are we now?

Independent taxation of husbands and wives has now been with us for 20 years. Introduced in the 1988 Budget by the then chancellor, Nigel Lawson, he was quoted in Hansard as saying that husbands and wives would be able to arrange their tax affairs between themselves in a way that is most beneficial to them.

Sheltering investments from tax

Even though the end of this tax year may seem fairly distant, if you haven’t yet taken full advantage of your Individual Savings Account (ISA) allowance you could be missing out from sheltering your investments from tax.

Small Business Tax Review

Our colleague, Kate Cottrell, has been seconded to the Office of Tax Simplification. The Office is tasked to provide an initial report to the Chancellor by Budget 2011 that identifies areas of the tax system that cause the most day-to-day complexity and uncertainty for small businesses and recommends priority areas for simplification.

Accountants seek advice on HMRC powers.

There has been a massive increase in accountants consulting experts about HM Revenue & Customs’ powers to access filed tax returns.

Accountants welcome the Office for Tax Simplification

The Association of Chartered Certified Accountants (ACCA) has welcomed the establishment of the Office for Tax Simplification (OTS) but says the government needs to do more to ensure that UK tax policy caters to the needs of small businesses.

HMRC 'Dash for Cash'

Orange & Gold understands that HMRC inspectors are being tasked to bring in as much money as possible