The US taxman has relaxed loans rules to help companies deal with the tough
Businesses that received loans from their foreign subsidiaries would have to
pay a 35% tax if the loan was not repaid after 30 days, however the Internal
Revenue Service has pushed that out to 60 days, reported
‘Recently, circumstances affecting liquidity have made it difficult for
taxpayers to fund their operations,’ reported the notice.
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...