#tax-compliance

#tax-compliance

Brian Robson lost his IR35 case, deemed a 'disguised employee' by a tribunal, leading to a substantial tax bill.

HMRC's increased correction of R&D tax relief claims raises concerns about due process and the potential rejection of legitimate claims.

HMRC fines those who make deliberate errors on tax returns, highlighting the dangers of noncompliance among local businesses.

The feasibility of raising £6.5 billion through tax gap closure is questionable due to HMRC's staffing and training limitations.

eBay sellers must register for self-assessment by year-end to avoid severe tax penalties from HMRC.

Specialist agents may contribute to higher non-compliance rates for R&D tax credit claims, necessitating stricter oversight and examination of such submissions.

Understanding reliable tax advice is critical to avoid audits and penalties.

Bad tax advice is prevalent, often spread through informal channels and social media.

The IRS is urged to enforce tax compliance among its employees due to significant unpaid tax amounts.

The IRS is intensifying audits on high-income taxpayers and large corporations to address the tax gap and is enhancing its workforce to carry out these enforcement actions.

Taxpayers may face longer wait times when seeking assistance from the IRS due to significant workforce reductions.

Effective accounting practices are crucial for the success of real estate businesses, aiding in financial stability and decision-making.

Effective financial management is crucial for business stability and growth, highlighting the importance of professional accountancy services.

In France, side hustles require registration to ensure legal compliance and tax declaration.

Filing small business taxes can be daunting, but understanding different tax obligations is essential for compliance.

Increase in employers' National Insurance could significantly impact businesses mismanaging off-payroll working rules, leading to greater tax liabilities and costs.

Phil Thompson lost his IR35 appeal, resulting in a £294,306 tax bill after being classified as a 'disguised employee' by HMRC.