Although a recently qualified CTA I occasionally get a nasty surprise when I realise that a tax treatment is not as I might have assumed. Although I do a lot of research when advising clients / ensuring their compliance I do wonder where pitfalls might lurk. I wonder if people might be willing to share common pitfalls so I can add them to my list of things to be careful of?! Each time I make - or narrowly avoid - a mistake I add it to my "tax return / tax advice checklist" to try and help make sure I get things right. Examples are checking NICs where someone is both employed and self employed, or lessees not claiming CAs on finance leased assets (Thanks to BKD post).
23rd Jul 2012 16:57