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 ICPA ACCOUNTANCY & TAX PORTAL

Welcome to the ICPA Accountancy & Tax Portal provided in conjunction with our partners Taxationweb.

Below is a list of our most important recent articles which you can read in full by clicking on the links.

Alternatively you can select a topic from the menu to the left of the screen to see our full list of articles for that topic. We hope you find the articles both useful and informative.

 Unlawful Dividends: What are the Implications?

Paying dividends in excess of distributable profits causes problems for the Company paying the dividend and the recipient as this article by CronerTaxwise details.

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Overdue Vat hits 5 year high

A 22% increase in unpaid vat is not good news for the government. A recent survey believe the increase is in part due by late payments by larger businesses to smaller businesses. Will the newly created Small Business Commissioner be able to help?

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Spring Statement 13 March 2019

So what exactly did the Chancellor say? and then in the written statement it's announced that MTDfB is to be deferred again but to when?

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Accountants are Important

Accountants are important and the work we do is complex, challenging and far reaching. We need to say it more often especially to those that actually don't understand what we do but yet believe they know what we SHOULD do.

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Cash Accounting for Landlords : A detailed review

  

Rental Tax expert and Taxationweb Managing Editor turns his attention to Cash Accounting for Landlords in some detail and is far from convinced that it is a "simplification" or the right option.

 

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Letter to EU & ROW traders if no deal

 

The latest letter sent out by HMRC to businesses that trade in goods to the EU and beyond spelling out the steps necessary in a no deal scenario.

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Who can be Exempt from MTD4Vat and How to you get the Exemption?

Astonishingly HMRC have waited 'till 28thg February to detail how exemption can be claimed and of course it involves a letter and a 'phone call.

 

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 Writing off Directors' Loan Accounts : Taxing Times

Writing off a Directors Loan Account attracts a tax charge but as Mark says it's never as straightforward as it seems.

 

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Vat Registration threshold exceed but what date should registration be made?

As the team from CronerTaxwise point out its a rolling 12 that is important as well as what sales are included in the calculation read for yourself their answer.

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I love Compliance

Significant proportions of the work we do is classified as Compliance. The Twittersphere and Bloggersphere seems determined to announce it's death to be replaced usually by something they are selling. Here is a different view.

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Taxpayers Unfairly Treated

The team from the magazine HMRC Enquiries and Investigations reviews the findings of the Economic Affairs Committee into the treatment of Taxpayers and it's not good reading for HMRC.

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Structures & Buildings Allowance

Capital Allowance experts Six Forward turn their attention to the new Structures and Buildings Allowance and look in some detail at the relief.

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State of Mobile - 10 Need to Know Facts for Accountants

If you ever doubted the impact mobile technology is having and has had then this report from the team at My Firms App will open your eyes and may well change some. 

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Paternity Leave & Pay

Probably fair to say that more content is available and made available about Maternity pay which is quite right. Here however for all those dads and soon to be dads is some content on Paternity pay.

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Apply for an Agent Services Account for NON UK Accountants

HMRC have opened the process of obtaining an Agents Services Account which is required for MTD to NON UK Accountants. So if the cap fits and you are a non UK registered Agent here is what is required.

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31st January has passed now for the Penalties

As sure as night follows day late filing penalties follow the 31st of January. The CronerTaxwise team take a look at the basics

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PPR A sting in the tail

Just because you think you are entitled to PPR and you don't tell HMRC as Mark McLaughlin says be very sure, else if you are wrong...

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Your social media and the new ePrivacy regs

Social Media is not exempt from the strictures of GDPR as this article by Nick lewis points out.

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Apply for a fit and proper test and HMRC approval

As an ASP registered with HMRC for ML purposes you will to gain Approval for those who hold positions of authority within your practice. This sets out how and why.

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Travel disruption and bad weather

As the bad weather dominates the news even pushing Brexit for the top slot staff and employers need to understand the rules and who better than ACAS to set them out.

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Is buying fees an option?

If you are looking to buy in fees for your practice who better to turn to for advice than Lucinda Kitchin of APMA. here she sets out the approaches that you should consider.

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IHT and Holiday Letting : A rare BPR success

Mark reviews an admittedly rare case where BPR for IHT was held to be available on holiday lets. He does say it is rare. 

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How to move staff from full-time to part-time

Times are hard, especially for retail businesses. here the team at CronerTaxwise look at how a business can change full-time staff to part-time as a result.

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Tax advantages of providing electric charging points at work

So what exactly are the benefits of providing an electric charging point at work? CronerTaxwise have a look.

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