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This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.

The information gathered here is split into tax planning guides, FAQs, know-how and tools. With worked examples and tax compliance checklists.

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Missed our SME Tax Web-updates in June? Here is a summary of the month.

Hello

The week the House of Commons published its own FAQ on both the coronavirus Job Retention Scheme (JRS) and the Self Employment Income Support Scheme (SEISS), both of these are definitely worth reviewing.

Hello,

We have an unusual mix of news and articles this week covering further coronavirus support measures, negligence claims in failing to mention Capital Gains Tax (CGT) planning opportunities on a business disposal, PAYE assessments made on directors instead of their employers and, new subscriber guides for beta testing.

In Hugh McMahon v Grant Thornton UK LLP [2012] CSOH 50, a firm of chartered accountants were not found to be negligent in failing to recommend some Entrepreneurs’ Relief planning in the event of a share sale. Such ad hoc advice was not listed within the scope of their personal tax compliance services and had not been requested by the client.

Hello, 

This week we feature some really useful and practical guides and of course, all the latest news on government support during these difficult times. Welcome to all our new subscribers; May was a record month in terms of visitors.

HMRC have issued the Agent Update for June/July 2020. We have summarised the key content for you with links to our detailed guidance on the topics covered.

  1. Employment-Related Securities: What’s New? June 2020
  2. Nichola's SME Tax W-update 4 June 2020
  3. COVID-19: Discretionary Grant Fund
  4. Taxation of COVID-19 support payments
  5. Nichola's SME Tax W-update 28 May 2020