In this update, we discuss off-payroll working regulations, how HMRC's new proposed tax reforms may affect you as a self-employed individual or an unincorporated business, electric cars and their tax implications for the self-employed, inheritance tax planning, and cybersecurity.
Following the 6 April 2021 introduction of the Off-Payroll Working (“OPW”) legislation in the private sector for medium and large organisations, it is crucial for the healthcare sector to be aware of some important changes.
HMRC has launched a consultation into proposed tax reforms which could see some self-employed individuals and unincorporated businesses facing an increase in tax liabilities in 2022/23.
Put simply, IHT (inheritance tax) is a tax that is applied on the transfer of wealth, making it effectively the UK’s death tax, wealth tax and transfer tax combined. What is it and how do you plan for it?
Staying safe on social media is nothing new, but it is surprising how often we share personal information whilst not thinking of the consequences. Especially when that information is found to be the basis of passwords. However, it can also be used in phishing attempts.