Tax Authorities

Charitable Giving and Tax Deductions: A Business' Guide

2 years 10 months ago
Tax Authorities

You want to make sure that your business's charitable donations are as tax-effective and efficient as possible. That's why we created this guide to help you navigate the complicated world of giving back while also taking care of yourself and your company.

1 in 3 Micro-businesses Risk Breaking Tax Rules by Failing to Separate their Personal and Business Bank Accounts

4 years 1 month ago
Banking, Tax Authorities

A survey carried out by 3Gem for Amaiz, the new banking app, has revealed that just over 30% of micro-businesses don’t have a separate business bank account. These businesses risk muddling business and personal expenditure and breaking tax rules. The survey also found that 44% of micro-businesses are usually spending at least 3 hours a week on admin, with one in five spending around a day a week on getting the books in order.

SIX Financial Information Launches Tax and Regulatory Data Service for Belgian Stock Exchange Tax (TOB)

6 years 8 months ago
Compliance, Regulatory Standards, Tax Authorities

SIX Financial Information has launched a new tax and regulatory data service, enabling international banks to automatically allocate tax rates for securities subject to the Belgian TOB. The new service is commercially available now on a global basis. As part of the Belgian TOB, there is a new requirement for the tax on any transactions carried out by Belgian taxpayers through foreign banks to be reported to the authorities in Belgium. This means... more

IRIS and Xero to streamline tax processes

6 years 11 months ago
Tax Authorities, Accounting

Two of the UK’s leading accountancy sector software providers have joined forces in anticipation of the digital tax changes sweeping the nation. IRIS Software is today announcing a partnership with Xero to streamline the bookkeeping process for UK accountants in preparation for HMRC’s ‘Making Tax Digital’ (MTD) initiative.

Research Shows Each Fifth Micro-business in the UK Has No Knowledge About MTD

7 years 2 months ago
Tax Authorities, IT Innovations

Following the publication of further details about the government’s Making Tax Digital (MTD) initiative this week, a survey from FreeAgent reveals that many micro-business owners also said they had no knowledge of the plans. Despite HMRC launching an eight month public consultation on MTD, a fifth of (20%) respondents in the FreeAgent survey said that they did not know what MTD actually was. The MTD initiative would see small businesses having... more

UK Micro-business Owners Expect More Information About Digital Tax

7 years 3 months ago
Tax Authorities

The majority of UK freelancers and micro-business owners do not think they have been given enough information about the government’s digital tax plans, according to new research from cloud accounting software company FreeAgent.

Five Days To Go To Self Assessment Deadline

7 years 3 months ago
Compliance, Tax Authorities

With only five days to go until the deadline closes for self assessment tax returns, you may be getting a little anxious about whether you’ll be able to actually complete everything on time.

Micro-business Owners Urged Not to Delay When Registering for Self Assessment

7 years 3 months ago
Tax Authorities, Risk Management

Freelancers and micro-business owners who have yet to register their business with HMRC are rapidly running out of time if they want to get their Self Assessment tax return submitted to HMRC, FreeAgent has warned. The company - who provide award-winning cloud accounting software for freelancers, micro-businesses and their accountants - has warned business owners that failing to register for Self Assessment in the next week will mean they are... more

IHS Markit Launches Markit│CTI Tax Solutions for Section 871(M)

7 years 3 months ago
Compliance, Tax Authorities

IHS Markit, a world leader in critical information, analytics and solutions, today announced the launch of Markit│CTI Tax Solutions for Section 871(m) to address compliance obligations for US equity derivatives. Brown Brothers Harriman and other financial institutions participated in the design phase of the solution and signed on as early adopters.