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A ‘trading’ Conundrum!

A ‘trading’ Conundrum!

by Martin Craighan | Aug 18, 2023 | Accounting, Budget, Digital Tax, Financial, Salford Accountants, Tax News, Tax Tips

HMRC could withstand cases of a hobby amounting to trading, particularly if losses have been incurred. It is reasonably common for an individual to have a ‘sideline’ activity to their major line of work. The question develops whether that task amounts to a...
Loans to company proprietors: A tax nightmare!

Loans to company proprietors: A tax nightmare!

by Martin Craighan | Aug 17, 2023 | Accounting, Business start-Ups., Business Startup Tips, Financial, Latest Tax News, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips

Some policies to be familiar with when a company makes a loan to a close company participator or their affiliate. Based on specific exceptions, where a ‘close’ company (see listed below) has actually made a loan, advancement, or a benefit on a participator...
SEISS: Bills for paid too much grants hit taxpayers.

SEISS: Bills for paid too much grants hit taxpayers.

by James Wallis | Jun 2, 2022 | Accounting, HMRC, Latest Tax News, Role of Manchester Accountants, Salford Accountants, SEISS Grants, Self-assessment, Tax News, Tax Tips

HMRC is providing analyses to taxpayers who have gotten extra self-employed income support scheme (SEISS) give than they were entitled to, and also those costs must be paid or appealed within one month. Throughout the Covid-19 pandemic, HMRC was under pressure to...
Specialist construction accountants

Specialist construction accountants

by James Wallis | Jun 1, 2022 | Accounting, CIS, Construction, Role of Manchester Accountants, Salford Accountants, Tax Tips

Specialist construction accountants   Our group of Salford Accountants have over twenty years of experience collaborating with construction as well as residential or commercial property companies in the Salford area. Our specialist building and construction and...
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