Noting the reactions of advisers to a "Shock, horror" tax penalty news story (see below) we have been extending our CPD Tax Penalty guides for advisers. This time we have:

NEW Tax penalties: advisers' update
A summary of the new rules drilling down to detailed guidance.

NEW Tax Penalty Planner
At a glance: which penalty will apply, when, where and how. Clients will be horrified but you will have a much better understanding of the system after seeing this.

We also provide constructive guidance on the consequences of getting that Service Company question wrong, as well as bringing out several new Practical Tax Guides and updates and the news (scroll down).

All the best

Nichola

Nichola Ross Martin FCA
Tax Director

www.rossmartin.co.uk
Your online Virtual Tax Partner: practical support for accountants, tax advisers and their clients

Freeview & News

The service company question: P35s and SA tax returns
What do you answer in relation to the service company question found on the P35 and SA100 tax returns?
What tax penalties apply if you get it wrong?

Tax news-trivia: VAT and trailer widths
Do you know the maximum size of a trailer (including caravans) that may legally be towed by cars and why it affects VAT?

Small employers can file P35s by post
Confused and unable to file online? No penalties if you are small.

Shock, horror? Taxpayer gets a 70% penalty
Nothing too shocking, a taxpayer made an error and HMRC fined him. Are you geared up to cope with the new tax penalty regime though?

Tax Data
Even more tax rates and allowances, all updated following the Budget.

Updates, New tax guides and checklists

For PAID subscribers only (because you're worth it :)

Goodwill and the intangibles regime
A new guide, what is deductible for tax. Pre and post March 2002 rules, tips for incorporation.

Tax penalties: advisers' update
A summary of the new rules drilling down to detailed guidance. This will expand in coming weeks.

Tax Penalty Planner
Print this off and discuss it with clients. We will expand this further and link it to our new client guides next week.

Tax penalties: failure to make a return (late filing)
More penalties, more guidance.

Tax penalties: grounds for appeal
Updated further for more successful and unsuccessful appeals.

Incorporation checklist
Updated sections: goodwill and fixtures elections

PAYE Tips and Links
The Tax Geek summarises the key PAYE developments in the last month (with links).

PAYE dispensations
It is that time of year again: the process and what is covered has been changed. You MUST review and update existing ones.

Buyer: should I elect to fix the purchase price of fixtures?
Part 1 of our new step by step guide to capital allowances.

Tax planner for 2010/11 & 2011/12
Our UNIQUE Budget tax planner for 2010/11 and 2011/12 has been updated with new links.

Estate planning checklist
Need a refresher? This checklist covers spouses, gifts and exemptions.

Inheritance Tax Rates and Allowances
A new addition to the Tax Data section.

Surplus cash CGT & IHT Relief and ESC C16
Company has large cash surplus: how does this affect Entrepreneurs' Relief, Business Property Relief, and what if you try and dissolve the company? Updated: for Budget...More

New and updated Practical Tax Toolkits

Practical Tax Toolkits
For companies, these are continuing to be updated

How to value a business
An introduction to the basics

Unlawful, illegal and ultra vires dividends
Updated following the Budget this illustrates the different tax treatment for different types of individual in connection with a close company.

Recent FREE view guides & updates

P11Ds: penalties
How does HMRC's new penalty regime affect P11Ds? This guide will update you.

PAYE: late payment penalties
These are even worse than we thought. We add more practical considerations for businesses and advisers.

KEY reading this quarter (subscribers only)

Employers' Quarterly Tax Briefing
Top tips, tools, links and planning ideas for 2010/11 and beyond...More

Quarterly Tax Refresher (for advisers only)
This essential tax tool is an excellent source of online CPD. Download this onto your mobile, train staff, and of course brief your clients...More

More FREE news, guides, notes and checklists

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Free guides
You have two options:
1. Explore the site (then click on the menus and you will soon see what is free)
2. See a small sample.

Missed an edition? See Nichola's SME Tax News Archive.

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