Sun issued a profit warning saying it expected to record a loss of 7 to 10 cents a share for the first quarter of its financial year, which will result in a revision of the company’s previously stated results for the year ending 22 July.
As a consequence of this profits warning, the company said an assessment of its tax assets must be revised leading to a $1.05bn non-cash charge in the fourth quarter of its previous financial year.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...