Good morning everyone! Today's the first day of our 9am Lowdown, bringing you AccountingWEB's lighthearted look at five of the day's top stories.



I have had a new client come to see me who has been trading since 2010 and been doing their own tax returns.  They submitted their 2014 tax return showing payments to subcontractors and this has no


HMRC is not appealing against the recent Upper Tribunal decision in Lok’nStore Group plc (“LnS”) but does no

The government has extended a review of the taxation of employees’ travel and subsistence expenses.

Hi, iam preparing accounts for small company and I just found out that company was registered as dormant since January 2013 up to October 2013.


I am preparing a return for a non-dom who is electing to pay the £50k charge. I am trying to get my head round what nominated income is.


Businesses with undeclared income from debit and credit card sales have been offered the chance to settle their tax affairs on the best terms.


Client is a Photographer who has purchased items of a capital nature (e.g. Apple Mac, photography equipment etc) before setting up as a sole trader.


When it comes to all things VAT related, I often wonder who comes up with the rules? They often do not make logical sense to me - then again perhaps I am reading the rules wrong!


I have a client who is employing someone part-time, 16 hours per week at minimum wage, so £104 gross. According to GOV.UK the business does not need to register as an employer.