Blog

12 Feb 2024

Simplifying the Upcoming R&D Tax Changes: What Businesses Need to Know for April 2024

As an expert in helping businesses grow, Everest and Co Accountants want to highlight an important upcoming change: starting from April 1, 2024, the way research and development (R&D) tax benefits work will change.

05 Feb 2024

Embracing the Digital Future: Key VAT Authorisation Updates for Agents and Clients

In the ever-changing landscape of tax legislation and system modernisation, it's crucial for accounting professionals to stay informed about developments that affect VAT handling. At Everest & Co. Accountants, we're dedicated to keeping you updated on the most recent changes that impact your VAT dealings.

29 Jan 2024

Navigating Self-Assessment Tax Returns 2022/23: Understanding the Deadline and Avoiding Penalties

Embarking on the journey through the intricate maze of tax returns can often feel like an insurmountable challenge. The 2022/23 Self-Assessment tax return season is upon us, with the deadline distinctly set for the 31st of January 2024. While the sands of time may seem to trickle slowly today, let us not be lured into complacency – deadlines wait for no one, least of all for diligent taxpayers!

20 Sep 2023

Pros and Cons of Setting up Holding Companies in the UK Instead of Multiple Separate Companies

Setting up a holding company can be a strategic decision with several advantages and disadvantages. It offers a way to consolidate the ownership and control of multiple subsidiary businesses under a single entity.

10 Aug 2023

Understanding HMRC Connect Software: Mitigating Risks and Ensuring Tax Compliance

Welcome back to the Everest and Co Accountants blog! Today, I will shed light on the HMRC Connect Software and its data collection capabilities, as well as provide helpful tips on how to avoid being flagged by this advanced tool. Join us as we explore ways to navigate the tax landscape and minimize any potential risks associated with HMRC Connect Software.

21 Jul 2023

Simplifying R&D Claim Submissions to HMRC: A Guide by Mr. Anuj Paudel - How to submit R & D claims to HMRC?

Are you a UK company engaged in research and development (R&D) activities? If so, you might be eligible for R&D tax credits offered by HM Revenue & Customs (HMRC). In this blog post, we will explore the process of submitting R&D claims to HMRC and explain how Everest and Co can assist you throughout this journey.

17 Jul 2023

Maximizing Your Let Property Benefits with Everest and Co Accountants

As the United Kingdom's leading accounting firm, Everest and Co Accountants is dedicated to providing exceptional financial services that help individuals and businesses achieve their financial goals. In this blog post, we will explore an IHT key updates on our internal memo that discusses the potential benefits of owning a let property and how our expert team can assist you in optimising those advantages.

10 Jul 2023

How to Choose the Right Firm to Deal with Your Research and Development Claims with HMRC

Research and Development (R&D) tax credits provided by HM Revenue and Customs (HMRC) can be a significant financial incentive for businesses in the United Kingdom. However, the whole process of making R&D claims can be complex and time-consuming. That's where the expertise of a reliable accounting firm can make a substantial difference.

26 Jun 2023

Your trusted tax partner

At Everest and Co, we understand that the world of tax can be complex and challenging, especially for small businesses. As if running a small business isn’t difficult enough, business owners are now faced with the added pressure of navigating the increasingly complex world of tax.

23 Jun 2023

Use of COP9 Investigation has been expanded by HMRC

The UK's tax authority, HMRC, is increasing its use of the Code of Practice 9 (COP9) procedure to tackle tax fraud. This enables HMRC to investigate suspected cases of tax fraud where a criminal investigation is not initiated.

01 Jun 2023

Have you received a letter from HMRC stating that you may have misused your till system to avoid taxes?

If you run a food or retail trade, especially in the hospitality sector, and have used Uber, Just Eat, or Foodhub as your sales channel, then it's possible that you may have received such a letter.