Ben Sheils
Greater London, England, United Kingdom
1K followers
500+ connections
About
An ACCA qualified accountant who has been working with start-ups and scaling businesses…
Articles by Ben
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Self assessment tip 5: Set reminders
Self assessment tip 5: Set reminders
If you are required to submit a tax return for the year ended 5 April 2017 the submission and payment deadline is 31…
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Self assessment tip 4: Get advice
Self assessment tip 4: Get advice
If you are required to submit a tax return for the year ended 5 April 2017 the submission and payment deadline is 31…
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Self assessment tip 3: Check, then check again
Self assessment tip 3: Check, then check again
If you are required to submit a tax return for the year ended 5 April 2017 the submission and payment deadline is 31…
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Self assessment tip 2: Set aside funds for tax
Self assessment tip 2: Set aside funds for tax
If you are required to submit a tax return for the year ended 5 April 2017 the submission and payment deadline is 31…
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Self assessment tip 1: Do it early!
Self assessment tip 1: Do it early!
If you are required to submit a tax return for the year ended 5 April 2017 the submission and payment deadline is 31…
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Self assessment – understanding your responsibilities
Self assessment – understanding your responsibilities
HMRC regard the completion of the self assessment tax return as your personal responsibility. This means that, whilst…
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Have you disclosed all your offshore income and assets to HMRC?
Have you disclosed all your offshore income and assets to HMRC?
From 2016, HM Revenue & Customs (HMRC) is getting an unprecedented amount of information about people’s overseas…
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Are you an independent contractor? The Taylor Review may say otherwise...
Are you an independent contractor? The Taylor Review may say otherwise...
The birth of the 'dependent contractor' The long awaited Taylor Review of Modern Working Practices was released…
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Tax fee cover; does your accountant have this?
Tax fee cover; does your accountant have this?
HMRC income generated from tax enquiries is increasing following the introduction of the HMRC Connect "mega database"…
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The Conservative manifesto and small business tax...
The Conservative manifesto and small business tax...
Yesterday I took a look at the key #tax changes included in the #Labour #manifesto and today I turn to the…
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Steven is spot on here. Even as a runner, I know my best each day won't be the same. In work, and in life, the same holds true. But, if I can turn…
Steven is spot on here. Even as a runner, I know my best each day won't be the same. In work, and in life, the same holds true. But, if I can turn…
Liked by Ben Sheils
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When to Be Hard on Yourself and When to Be Kind “The curious paradox is that when I accept myself as I am, the more able I am to change” said the…
When to Be Hard on Yourself and When to Be Kind “The curious paradox is that when I accept myself as I am, the more able I am to change” said the…
Liked by Ben Sheils
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Max Whiteley ☁️ BFP ACA
MTD IT IS COMING 😱 Making Tax Digital for Income Tax (MTD IT) is the biggest change to the UK tax system in decades 🤒 From April 2026, sole traders and landlords earning over £50,000 must keep digital records and submit quarterly updates to HMRC using compliant software ✅ (PS Dext have one of those compliant softwares called Dext Solo 😂 ) As an accountant or bookkeeper, MTD IT is going to change how you price services, engage clients and manage workflows, its a lot! 🤯 But MTD IT is also about opportunities, not just obligations 🫡 The MTD Oracle (AKA Paul L.) has produced a top tier guide for free for you to use to get your head around whats to come 🤩 Interested? Link in comments! 🥳 PS Nick Charnley my good pal also works in tax and is my pal in the picture 🥸 #mtd #mtdit #hmrc
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Grace Hardy MAAT
The one and only Chris Downing joined me to breakdown everything you need to know about preparing for HMRC's Making Tax Digital (MTD)… What You'll Learn: ✅ Key MTD deadlines and compliance requirements ✅ Step-by-step preparation strategies for businesses ✅ Common pitfalls to avoid during the transition ✅ Expert tips for seamless HMRC integration ✅ Real-world implementation best practices for business owners and accountants! Watch it now! https://lnkd.in/ebPdah_Y
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Ben Luxford
Hump Day aka HMRC Guidance Day... Guidance - Members’ Voluntary Liquidation (MVL) and Notices of Intended Dividends (NOIDs) — insolvency practitioner bulletin 8 (2025) https://lnkd.in/e8CMKTfa This bulletin explains HMRC’s expectations for the proportionate and appropriate use of Notices of Intended Dividends in Members’ Voluntary Liquidations. Guidance - Pre-Pack Sales in insolvency — insolvency practitioner bulletin 7 (2025) https://lnkd.in/eP4WMzD9 This bulletin outlines the reasons a new PAYE scheme is needed, identifies the person responsible for it, and explains the steps on how to set it up. #hmrc #guidance #insolvency #insolvencypractitioner #paye #mvl #noticeofintendeddividend #dividends #prepack #insolvencypractitioner ✍
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Ahmed Tirmizey, FCCA
Are you using your VAT money as profit? VAT is not your profit. I’ve seen it happen too many times business owners thinking VAT funds belong to them. They’re spending it as if it were theirs to keep. But here’s the reality: That VAT? It’s a liability, not an asset. Let me break it down: - You collect VAT on sales. - You pay VAT on purchases. The difference? It goes to HMRC. Example: Sales VAT: £1,200 Purchases VAT: £800 VAT owed: £400 That £400 isn't yours. It’s for HMRC, not your business. Key takeaway: Never treat VAT like profit. Keep it separate from your business earnings. Don’t let VAT impact your cash flow. Know your numbers and plan accordingly! P.S. If you are confused about your VAT, then DM me now.
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