DEB Business Blog
Discover what you need to know about Making Tax Digital
Free Making Tax Digital Seminars Making Tax Digital (MTD) will significantly affect all businesses. So what is it all about? Why will it make life difficult for most small business owners? At DEB we are holding FREE weekly seminars to explain what MTD will mean for...
Has Making Tax Digital been Cancelled?
The impact of the election Due to the forthcoming election a lot of the provisions of what would have been part of this year’s Finance Act were dropped. This was part of the usual process whereby the Government and the opposition agree to drop items that would, by...
The Spring Budget – Filling in the gaps on quarterly reporting for businesses?
What have they told us already? On 31st January 2017 the government issued it’s response to the six consultation documents issued in August 2016. Whilst some of the questions were answered some were not. On Wednesday the Chancellor of the Exchequer, Philip Hammond,...
The Introduction of Quarterly Reporting for Businesses
Background to Making Tax Digital In the March 2015 Budget the Chancellor made the announcement that the Government would create the most digitally advanced taxation system in the world. Little attention was given to this announcement until they issued consultation...
Are you a Micro Entrepreneur?
These days there are any number of ways to raise a little extra money thanks to the internet. These range from selling unwanted gifts or possessions you no longer need on the likes of eBay, renting out your property on a short-stay basis on Airbnb, allowing people to...
Is the Traditional Bank Becoming Obsolete?
Banks. We all need them. We all use them. We might not all love them. Those of you reading this of a certain age will remember banks perhaps with misty-eyed fondness. The local branch was at the heart of the community. The branch manager a local celebrity. Then over...
Flexible Working Requests. Are You Prepared?
These days the ever increasing advances in technology and considerations around work-life balance mean that it is not always necessary for employees to be at their desks in the office during the working day. There are many opportunities for different, more flexible...
HMRC in Beta Test for Online Complaints System
It is one of life’s great frustrations for tax payers. You have a problem or question about your tax code, PAYE etc. You try to take it up with HMRC. You spend what seems like forever trying to speak to somebody on the telephone and give up because you have lost...
Construction Industry Scheme. Does it Affect You?
Attention all contractors. Are you aware of the Construction Industry Scheme (CIS) and how it affects you? If not, take note! The CIS includes, with some exceptions, construction work including site preparation, decorating, demolition and refurbishment. The CIS...
Property Landlords – An Unfair Hit on an Easy Target
On 6th April 2016 new rules come into play that will deny higher rate tax relief for any interest and other finance costs against rental income. It has long been established that interest is a cost that all businesses can offset against their income. This however will...
We Live in a Digital Age
Whether we like it or not, the digital age is here. It will stay and it will grow. Those who try to ignore it will get left behind and become marginalised. Those nearing retirement may, at a push, have an excuse of sorts to ignore this inevitable global movement. They...
Are Corporate Sponsorship Deals Tax Deductible?
Corporate sport sponsorship deals have widely been seen as a good way for companies to increase their exposure whilst at the same time offering a valuable corporation tax deduction. However, a recent tax case heard by the Court of Appeal has raised serious questions...