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The Policy & Technical section of the latest edition of In Practice included articles on: 💡 Changes to the ACCA Rulebook for 2024 💡 HMRC reducing support for the self-assessment helpline during December and January 💡 HMRC's consultation on new draft regulations for MTD 💡 Updates from Companies House 💡 HMRC's success at tribunal on denying R&D tax credit 💡 Changes to NICs from 6 January 2024 💡 An HMRC update for agents on outstanding correspondence 💡 HMRC enforcement notices for tax repayment agents 💡 A recap of what is allowable under self-assessment in relation to revenue vs capital expenditure 💡 Record keeping, estimates and valuations for self-assessments 💡 Whether a fine can be tax deductible 💡 Farmers, market gardeners and averaging profits 💡 Personal allowance claims for non-residents 💡 Help and support for cryptoassets 💡 Accounts preparation where not a going concern 💡 Draft Welsh Government Budget 2024/25 💡 Draft Scottish Budget 2024/25. That should keep you going for a while! You can read the full edition at https://bit.ly/3HB41X7. If you do not receive In Practice direct to your inbox then you can subscribe at https://lnkd.in/g8tffwzs. 

For certain types of trusts in Canada, legislative amendments were introduced in December 2022 to mandate additional information in annual reporting. These amendments are effective for taxation years ending after December 30, 2023. To learn more about how the changes may impact you, read Jordana Talsky’s recent blog below.

The Institute of Chartered Accountants of Scotland (ICAS) has expressed significant concerns about the latest Scottish Budget, labelling it as “short-sighted” and ineffective in fostering long-term economic growth. Bruce Cartwright - Justine Riccomini - Chris Campbell #scottishfinancialnews #scottishbusiness #accountancy #accounting #accountants #scotland #financialservices #financialservicesindustry

International Centre for Tax and Development Working Paper Engendering Taxation: a Research and Policy Agenda The paper makes four broad observations. First, existing research focuses on formal direct taxes that are less relevant for women in lower-income contexts, given their high participation rates in the informal economy. Instead, presumptive taxes, user fees and informal taxes place a disproportionate burden on low income women. Second, there needs to be greater attention paid to the ways in which women in senior and junior positions in tax administration can affect how taxpayers interact with tax authorities. Third, any assessment of tax policy’s impact on gender needs to consider revenue and expenditure together to ensure that the positive effects of tax policies are not undermined by budgets, or vice versa. Finally, there has been insufficient gender-disaggregated data collection and analysis, which is required to draw generalizable conclusions about the gendered impact of tax policy.

Becoming PoEM-fluent is essential for mitigating risks like Double Taxation. With the help of CFO Insight Mauritius, you don’t have to do it alone. We’ll help you understand the ins and outs of PoEM, providing real-world solutions to ensure your compliance and avoid any costly pitfalls. https://lnkd.in/dD-Zk5qQ Read our latest newsletter for more, and subscribe to stay informed with the insight of a CFO: https://lnkd.in/d8XZJaX7 #PrimedForPoEM #PoEM #TaxRisks #MauritiusTax #Newsletter #PoEMFluent

Hey guys, Nathan here, and welcome to 2024. This is your friendly reminder for the Compliance for the Australian Taxation Office (ATO): 𝐃𝐮𝐞 𝐃𝐚𝐭𝐞: 𝟏𝟓𝐭𝐡 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 TFN report - Qtr2 (October–December) TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries – final date for lodgement. Income tax - Due date for lodgement of income tax returns for companies and trusts that were taxable medium to large taxpayers in the prior year and are not required to lodge earlier. o If you fail to lodge your current return on time, your income tax return for the next financial year will be due by 31 October. 𝐃𝐮𝐞 𝐃𝐚𝐭𝐞: 𝟐𝟏𝐬𝐭 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 Activity statements - December monthly activity statements – final date for lodgement and payment. - Qtr 2 (October–December) PAYG instalment activity statement for head companies of consolidated groups – final date for lodgement and payment. 𝐃𝐮𝐞 𝐃𝐚𝐭𝐞: 𝟐𝟖𝐭𝐡 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 Superannuation - Due date for super guarantee (SG) contributions for Qtr 2, (October–December). - Qtr 2 SG contributions are to be received by the superfund by this date – you need to allow sufficient time for SG payments to reach and be processed by your superfund, especially if using an SG clearing house. - If you don't pay the SG contributions for quarter 2 by this date, you must pay the super guarantee charge (SGC) and lodge an SGC statement with us by 28 February. NOTE: - It's essential to note that SGC is more than the SG you would have usually paid and is not tax deductible. If you have any questions, please feel free to contact NGR Accounting at 02 9011 6669 or via email at [email protected] #ProfitGeneratorSchool #ShireAccountant #ShireFinance #ShireSmallBusiness #ProfitFirst #TheProfitGenerator #SouthernSydneyAccountant #NGRAccounting #Xero #XeroPartner #SutherlandShireBusinessChamber #SutherlandShireBusiness #ProfitFirstAustralia #ProfitFirstANZ

🌟 Exciting news!   Our R&D and Tax Advisory Senior Manager, Rory Fothergill’s article “A Disaster for Innovation – The Research & Development Relief Perfect Storm” has been published in Business Matters Magazine.   In his article, Rory delves into the complexities and recent challenges surrounding the UK’s R&D tax relief schemes, highlighting their vital role in fostering innovation. He explains how recent changes in legislation and a surge in HMRC enquiries have significantly impacted companies, especially those genuinely investing in qualifying research and development. Rory emphasises the importance of working with experienced R&D advisors to ensure claims are robust and withstand scrutiny, while also addressing the potential long-term damage to the UK economy if innovation continues to be stifled.   📖 You can read Rory’s full article here:   https://lnkd.in/eb_k9ipe   #RandDTaxRelief #Innovation #TaxUpdates #BusinessGrowth #TaxPlanning #TeamJS

Budget 2025: In Search of the Backbone All you need to know about the 2025 Budget, summarised by McAvoy & Associates. #Budget2025 #BudgetBrief #SME #Tax #FinancialInsights #McAvoyandAssociates