Check if an email you ve received from HMRC is genuine English
From:
Annual tax summary
The HMRC Self Assessment team are sending email alerts to some customers to say that their annual tax summary is available to view. The emails have the title ‘Your Annual Tax Summary is ready’.
The emails also explain what is in the annual summary. These emails will never ask you to give your personal or financial information.
Businesses selling goods through online marketplaces in the UK
HMRC is contacting businesses who sell goods to customers in the UK through online marketplaces. The emails refer to VAT obligations in the UK. The first email will explain why HMRC is contacting them and ask them to get in touch.
New OTS report on Capital Gains Tax helpful for farmers
26 May 2021 |
The Office of Tax Simplification s (OTS) new report makes 14 detailed recommendations
The latest Office of Tax Simplification report on Capital Gains Tax offers generally helpful and sensible recommendations for farming businesses, accountants say.
The new OTS report has extensive scope, covering situations including moving home, divorce, running and investing in a business, and issues affecting land transactions.
It focuses on Capital Gains Tax (CGT) for individuals and smaller business, rather than partnerships, trusts, estates in administration, non-UK residence/domicile, international issues or corporate groups.
It identifies limited awareness around CGT and confusion around reporting and payment. One key recommendation is that CGT should be included in the digital HMRC Personal Tax Account or Single Customer Account.
Employment Development Department– If you have employees, timely and fully address all LWDA requirements.
California Franchise Tax Board– If you are required to file a federal income tax return and received income above a certain amount from a California source.
Taxes, Fees and Related Charges, Penalties and Interest
Pay all Taxes Current and in Full
File a Final Report– Typically, a Final Report is different from and in addition to your annual report.
2. Form Your Texas Entity
Best to determine from the moment you move whether your Texas entity will be the same “old state” entity and whether you will attempt to have your “old state” company authorized to conduct business in Texas or if you will elect to form a new Texas entity.