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: Last Updated: 28 March 2014

There are some interesting news stories this week, but as you can see from the site we are now concentrating on refining guides in the Director's section, and Private Client area. I have been following the progress of the Finance Bill and updating our pensions materials as we go. More on EFRBS next time. Hope that you enjoy it. 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 When a dividend is subject to NICs (Part 2) The Upper Tax Tribunal confirms that dividends paid to a company’s employees under a bonus scheme involving a third party company were subject to NICs Accountants' scheme stopped by FSA A firm seems to have buried its head in the sand, not realising that it had created an unauthorised collective investment scheme. The Office of Tax Simplification The Government's cunning plan: first task to review tax reliefs and small business tax (including IR35). Tax rules keep sportstars out of UK competitions Really? Or is Usain just unfit... Tax Data Add to your favourites, a growing library of tax data, rates and allowances. Budget 2010: at a glance A one minute summary of the June Emergency Budget announcements. Updates, New tax guides and checklists For PAID subscribers only (because you're worth it :) Tax Planning for 2010/11 NEW: update for Private Clients Can I charge my company rent for use of my home? NEW: for Directors, a licence or a lease with planning points and a worked example, links to our Licence for non-exclusive use of a property Work related accommodation & hotels NEW: for Directors, can my company rent a flat without a BIK charge on me? Pensions: tax planning guides UPDATED: this also links to our Directors' guide which has also been updated. Agency Workers NEW: PAYE/NICs rules, travel, and who does what if tax is not deducted correctly. Finance Act 2010: tax planner for tax advisers UPDATED: KEY reading this quarter planner with links to show what is new for 2010/11 and expected in 2011/12. Travel rules for owner-managers NEW: nothing to do with the Budget, but a new guide for Directors to celebrate HMRC's recent Employment Income manual updates. CGT: Entrepreneurs' Relief UPDATED: new examples and a new section to explain the consequences and interation with CGT deferral using loan notes. Furnished Holiday Letting UPDATED: on current situation plus new rulings on VAT. Associated companies checklist - Free view UPDATED: added links to CIHCs and tax rates NEW Main Menu headings Private Client Our CGT and property guides (including FHL) are now located here. Penalties & Compliance The new home for our guides and summaries to penalties, disclosure regimes and compliance visits are now located here. Recent additions Enterprise Management Incentives (EMIs) FREE guide to tax-advantaged share options. EMI: checklist LOCKED (for subscribers) Planning a share scheme? We provide a step-by-step checklist. Tax penalties: P11Ds UPDATED to resolve queries about interaction of tax and NICs regs. 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.
Favourites Accounts: tax health check (self-employed) A practical tax toolkit (think HMRC's toolkits but add planning, useful tips and tax know-how). Property profits and losses 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.