Recent correspondence between the Treasury Select Committee and the Treasury has revealed there are no statistics for the number of people who should be registering for child benefit even if they don't qualify for payments. This is important as registration for child benefit will automatically entitle a non-working recipient to qualify for National Insurance Credits. Failure to register could affect eligibility for the state pension and certain other state benefits.
Proposed changes to Entrepreneurs Relief could make it easier for entrepreneurs to claim tax relief on gains, but the timing of transactions will be key.
As artificial intelligence’s prevalence is increasing, many fear that it will harm employment, simply replacing the jobs of many workers that are not in creative jobs. There are a number of reasons why we should welcome AI to the workplace rather than resist.
A new HMRC survey has found that four in ten small businesses are less than enthusiastic about the imminent introduction of Making Tax Digital for Business. While HMRC has made some concessions to allow for a soft landing, businesses need to take action now to prepare.
The rise in alternative accommodation such as Airbnb, the rapid development of technology in hotel rooms and the importance of national minimum wage are all issues that will continue to widely affect the hotel sector going forwards. Find out more about these challenges.
Fears around wealth taxes and exchange controls are leading some to consider upping sticks and moving abroad, but what impact will this have on the UK's tax take?
According to the majority of economists and the markets the Bank of England will take the next (very gentle) step towards drawing to a close the decade of extraordinary monetary easing and increase interest rates by 0.25% to the giddy heights of three quarters of one percent.
Today's warning from HMRC that UK taxpayers need to come forward and declare foreign income or profits on offshore assets by 30 September may come as a shock to those relaxing at their holiday home this summer. Urgent action may be required.
Amy started her RSM journey in recruitment, but moved to marketing two years later. She tells all about her career path with RSM.