Nichola's Tax Scheme review

As we ponder what the new government is going to do to the tax system it seems like a good time to reflect on tax avoidance schemes. An accountant remarked the other day that if he did not offer his clients tax schemes then someone else would. For advisers is this a case of "Better the devil you know…"? We are also introducing a special offer on Matthew Hutton's new Private client quarterly webinars. Enjoy 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
NEWS Company accounts: are you ready for iXBRL? For any accounting period ending after 31 March 2010, Company Tax Returns must be filed online, AND you can no longer file accounts using PDFs. HMRC fudges data on rogue tax agents It transpires that the PR disaster: "Working with Tax Agents" was based on fragmented data. HMRC comes clean. Disclosure of tax avoidance schemes (DOTAS) Advisers be warned FA 2010 brings scheme introducers into the DOTAS loop. Recently we added: What expenses can I claim: converting part of a home into an office? More to this than may meet the eye: CGT, SDLT, Capital allowances and VAT. Tax Data Add to your favourites, a growing library of tax data, rates and allowances. Updates, New tax guides and checklists Private Client webinars We introduce Matthew Hutton's new Essential Private Client Quarterly Tax Update. Tax penalties: P11Ds UPDATED to resolve queries about interaction of tax and NICs regs. HMRC's Spotlights A review of HMRC's scheme hit list. Avoidance or evasion? With a note on "sham". For PAID subscribers only (because you're worth it :) Tax Avoidance Schemes Better the devil you know? We run through the top favourites (from HMRC approved to contrived and artificial) for Income Tax, Corporation Tax, Capital Gains Tax and SDLT. Converting part of a home into an office NEW for Directors: do you pay or does the company foot the bill? We examine the tax consequences. Converting part of a home into an office NEW for the Self-Employed: the tax position is interesting from CGT to SDLT to VAT. Advisers' Finance Act planner Bewildered by recent tax changes? Our UNIQUE rolling tax planner keeps you up-to-date with a summary of new Budget announcements to inform you what tax measures apply and when. R&D relief NEW: for companies, how to obtain tax relief at 175% Tax penalties: what is reasonable care? CLIENT GUIDE: topical reading (see news item above). Tax penalties: advisers' update UPDATED: this is essential reading, and now provides a summary of the new regime, with a quick guide to each penalty and links. Tax Penalty Planner UPDATED: our favourite new guide: new tabs extend to cover Income Tax, NICs, CGT, IHT, PAYE, CIS and Shares schemes. How to value a business UPDATED to include further examples and comparisons. Ideal discussion points if your client is buying or selling, links to Goodwill notes. Goodwill: trade related properties UPDATED links and discussion points. Goodwill and the intangibles regime NEW guide, what is deductible for tax. Pre and post March 2002 rules, tips for incorporation. Tax penalties: grounds for appeal UPDATED for more successful and unsuccessful appeals. Incorporation checklist Updated links to other guides.
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 Practical Tax Toolkits For companies, these are continuing to be updated 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 More FREE news, guides, notes and checklists You have to pay to subscribe to unlock the full content in www.rossmartin.co.uk. Here is some of our free material: Recommendations: what do our subscribers say about us? 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. Subscribe to the Practical Tax Database to UNLOCK your internet Virtual Tax partner: What do you get? Open access to the entire Practical Tax Database which contains over 350 tax and legal guides packed full of essential know-how for advisers. Our regular Email update when there are new guides and tax issues that we think you MUST read. Up to 50% off the Virtual Tax Partner helpline. Nichola’s monthly SME tax news summary (we do the reading and cherry pick the best of the press, magazines and websites for you). NEW our Quarterly Tax Refresher (for advisers ONLY) + our Quarterly Employer Briefing. A 25% discount to our NEW tax webinar-update service). You can also commission guides and checklists for your own practice, post comments and upload your own articles. You can access the Virtual Tax Partner service for FREE quick calls, or just a chat.

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Updates, New tax guides and checklists