Guidance
Two big questions for freelancers..
What is MSC legislation and how does it affect limited company contractors?
How much time, money and worry will Making Tax Digital cause sole traders and landlords?
An explanation, in a series of articles, focusing on MSC and MTD and these complex set of rules can be accessed above.
This website provides links to HMRC guidance, along with our articles which explain that guidance in plain English, along with easy access to help with specific tax issues through our contact page.
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MSC Legislation
When HMRC informs a company director that Managed Service Company legislation may apply to one or more tax years that they were trading, the Managed Service Company Provider will vehemently claim that it is a genuine accountancy firm, while genuine accountants will generally be reticent to assist people in dealing with this sort of retrospective action by HMRC.
MSC legislation is a little understood tax law which requires tailored and independent advice from an advisor with special expertise.
We specialise in the MSC legislation and Disguised Remuneration Schemes, with 20 years of experience in dealing with HMRC enquiries.
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Making Tax Digital
MTD will soon impact sole traders and landlords whose annual income is over £50,000.
Are you ready? Join our network and keep up to date on what you need to do to prepare for the start date. It will be the biggest change that small businesses, including landlords, have ever seen.
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Has HMRC sent you a letter which looks troubling, but you don't understand what the problem is?
Do you need to file a Self-Assessment tax return? Ask us when and how if you're new to this, or how we can help if you're looking for a change of accountant.
