Abs Salam

Currently studying for ACCA (Association of Chartered Certified Accountants) and a big Manchester United fan.

[Business & Accountancy Daily @accountancylive]

Budget 2024: LLP tax loophole closed in event of liquidation - closes route used for tax avoidance with immediate change to way capital gains taxed when LLP liquidated, and assets disposed of to contributing member or connected person https://t.co/t5Tkh38dQQ via @accountancylive

[AccountingWEB.co.uk @AccountingWEBuk]

Small companies will have to file a profit and loss account with Companies House following the passing of the Economic Crime and Corporate Transparency Act last week.

https://t.co/elkW318aMs

[Stepan Hlinka @stepanhlinka]

13 free websites that are so useful they feel illegal to know:

[UK tax information @TaxationWeb]

What if it all goes wrong?
Mark McLaughlin looks at potential tax implications for shareholders if a company purchase of own shares does not satisfy legal requirements.
https://t.co/wgH1ZCDpLe
Subscribe to Mark's free tax bulletins: https://t.co/22jit5FuUz

[Abs Salam @MrAbs112]

@EuroGaragesFC @LancashireFA @BDComFootball @LFARefs @asianimage @kickitout That is clear assault, not acceptable. This needs be reported to the police. What was the ref doing?? @EuroGaragesFC @LancashireFA @BDComFootball @LFARefs @asianimage @kickitout

[Suzanne Thames @suzannethames]

IR35: Our not-to-worry taxman is cause for us all to have serious concerns about HMRC https://t.co/invcZVmEuj

[Markel Tax @MarkelTaxUK]

Are clear on IR35 rules for your clients? To provide some much needed clarity, we’ve spoken with our head of tax partnerships, Paul Mason. Read the article here: https://t.co/gwk4xvOTl4
#ExpectMore #TheCover #IR35 #Accountancy #Tax #HMRC

[The Morning Account @MorningAccount]

HMRC has told cryptocurrency exchanges that they will not be exempt from the digital services tax, as online financial marketplaces are, arguing that crypto assets “are not financial instruments” and do not qualify as commodities or money.

[Sikander Ali @khansali7]

Great to meet my good friend and personal accountant @MrAbs112 to do my end of year accounts. Great to see us grow together 🙏 #DownhamAssociates

[Business & Accountancy Daily @accountancylive]

40% of consumers concerned about inheritance #tax bills - thresholds frozen until 2026 will only exacerbate situation. Only 20% have taken some level of action to mitigate a potential inheritance tax bill @CanadaLifeUKadv https://t.co/l5zwvtOX38 via @accountancylive

[AccountingWEB.co.uk @AccountingWEBuk]

How is MTD ITSA reporting going to overlap or replace the filing of self assessment tax returns? @TaxwriterLtd has some answers, but it’s not going to be simple. https://t.co/c2epbR6ta0

[The Morning Account @MorningAccount]

A record £41.3bn was paid into pensions through tax relief last year, HMRC figures show, with this up from £38.2bn the year before

https://t.co/EDJ1UijsUA

[AccountingWEB.co.uk @AccountingWEBuk]

Paul Aplin is relieved that MTD ITSA has been postponed again, but HMRC, software developers and the accountancy profession need to use the extra time well. https://t.co/qMZR85CDJX

[AzWaqas @azharwaqas7]

Looking after the lads #DownhamAssociates

[AccountingWEB.co.uk @AccountingWEBuk]

‘Embarrassment’ for government departments after IR35 errors https://t.co/8rZur9QSHw

[Business & Accountancy Daily @accountancylive]

#Pension freedom age will increase to 57 years for tax free withdrawals by 2028 https://t.co/9OseNTuAbm via @accountancylive

[LITRG @litrgnews]

GUIDANCE: Do I have to pay #VAT if I am self-employed?

#selfemployed

https://t.co/OqzlOO47Fu

[AccountingWEB.co.uk @AccountingWEBuk]

There is much confusion around the reporting of #SEISS grants on #tax returns; accounting rules say one thing, #HMRC’s instructions say another. @TaxwriterLtd has the definitive answers: https://t.co/8IrBVbAFus

[AzWaqas @azharwaqas7]

Ramadan Mubarak from Downham Associates, hope you have a blessed month ! @MrAbs112

[CIOT @CIOTNews]

Our dedicated COVID-19 SEISS page has been updated with Q&As regarding the fourth grant https://t.co/3x5tkXXCfL