News & Blog

The Taxing Of Cryptocurrency

20th February 2019

The landscape of cryptocurrencies is a popular but incredibly fluid one, so keeping yourself clued-up and one step ahead of the game could be the difference between making or losing money on that latest investment. Whilst you might already be allocating a few minutes here and there to keep afloat of the cryptocurrency market, have you ever considered the tax implications of this digital currency?

SIC Codes And Funding: Getting It Right

15th November 2018

Whether you’re aware of them or not, when it comes to getting the correct SIC (Standard Industry Classification) code, there’s often more than just a few things to consider. But searching through a SIC code list doesn’t have to be a headache, here at PNG Formations we guide all of our clients through the sometimes lengthy process, ironing out any questions they might have along the way.

Getting Your SIC Code Right In 4 Easy Steps

1st November 2018

You’ve had a gem of a business idea, worked away through the night to come up with a foolproof business plan and that’s it, you’re ready to go. Not quite. Whilst marketing, funding, and long term strategic plans are often up there at the top of a new business owner’s list of priorities, SIC codes are all to easily left by the wayside.

Disguised Remuneration schemes

16th October 2018

Many in recent months have received letters concerning Disguised Remuneration and the Loan Charge – a measure introduced by HMRC to battle tax avoidance.

HMRC’s New Strategy to Strengthen Tax Avoidance Sanctions

2nd October 2016

One of the measures announced in this year’s budget statement was the plan to ensure that advisors and service firms facilitating tax avoidance systems should be held responsible for supporting such activities. At PNGFormation we wholly support this approach. As much as the responsibility lies on the individual’s side, often their avoidance activities are supported by the third parties, using their advice, support, and provision of schemes created in the full knowledge that they are used for tax avoidance purposes.

How to contact HMRC?

19th February 2016

One of your main responsibilities as a company director is to keep HMRC and Companies House up-to-date with all the important changes occurring within your company.