Hoffman Stewart & Schmidt P.C.’s Post

To quote my colleague Ann Casey, July comes around quickly! So if it’s relevant to your business and you want a handy guide to make your annual reporting easier, please see what Ann and her team have drafted, below.

I have seen a lot of Business owners leave the reconciliation work of March to the due date of Annual Filing But this is the biggest mistake they make. When you leave the work for future months, you miss on a lot of benefits as stated below. #businessowners #tax #gst

TAXATION (IR35): Climbing Mount Improbable [Paywall] My piece for Taxation Magazine, reflecting on the recent decision to remit the RALC consulting case back to FTT. (There won't be a second FTT btw.) Key point: The power balance in IR35 cases is heavily weighted in HMRC’s favour placing significant financial strain on genuine businesses. #ir35 #offpayroll

Incentives experts Ann Casey, Claire Matthews and Megan Geiser provide the essential guide to HMRC's online reporting for UK employee share plans and awards due by 6 July: https://bit.ly/4aUWHly   If you don't take action by the deadline, you will be subject to automatic penalties and will lose the tax-favoured treatment for certain share options.   #HMRC #OnlineReporting #Tax #EmployeeSharePlans #TaxReporting

Tick-tock ⏰ Don't wait for the deadline rush! Start preparing your HMRC employee share plan returns now, avoid penalties and protect tax-favoured treatment 🚀 We're here to guide you through every step. #HMRC #OnlineReporting #Tax #EmployeeSharePlans #TaxReporting

Happy International Pi Day from all of us at Wallace Consulting LLC! Just like π, our dedication to your tax and accounting needs is infinite and unending. May your day be as delightful and intriguing as every digit of π. #PiDay #3.14 #InternationalPiDay #WallaceConsulting #Accounting #Taxes #Numbers #TaxSolution #NWI

IRS Orders Immediate Stop to New Employee Retention Credit Processing Despite warnings from the IRS, AICPA, and other professional tax organizations many business owners are being misled into filing for the Employee Retention Tax Credit for which they do not qualify. https://lnkd.in/gYCgyM5j #Business #Tax #irs #smallbusiness #taxcredits

Dealing with a #tax investigation or enquiry by HMRC can be an overwhelming ordeal. With our profound understanding of HMRC investigations, spanning individual Tax Returns, meticulous scrutiny of corporate operations, and employer-related probes into PAYE and P11d compliance, we offer adept assistance and steadfast support to individuals in such situations. Book a FREE consultation! If you need more information or would like to speak to us direct then call us on +44 (0) 208 359 1400. Or if you would prefer, ask us a question by email info@christiansons.org #Tax #accounting #financialsupport

TD1 2024 Personal Tax Credits Return - Employees Notice for employees It is important to update your TD 1 Form on an annual basis for several reasons. (1). Having to pay a reduce or no amount at all to CRA upon your income tax filing. (2). Helps in your personal budgets (3). Possible refund upon your Income Tax Return (4). Keeps you in know about your income tax benefits and tax compliance. For more information on payroll management, Personal Income Tax Filing click on the link https://bit.ly/48D6jk3 #nabk #nabkbookkeeping #td1 #td1forms #employees #taxes #taxbenefits #payrollmanagement

Updated for changes coming on 6th April: what is the incoming 'offset fix'? Find out how IR35 will be affected at the end of the week, and what it means for employers. Get in touch with us if you have any questions or you'd like to talk about the changes. https://lnkd.in/eeKDyzET #ir35 #contractjobs #tax #offset #hmrc #ukrecruitment