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Online VAT Filing Compulsory

Online VAT Filing Compulsory   Are you already filing your VAT returns online? If not, then you need to prepare to switch to online filing as this will be compulsory for all VAT regist... more

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1465
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Real Time Payroll Information

Real Time Payroll Information   HMRC is asking all employers to spring-clean their payroll data to prepare for RTI. What does RTI stand for? It stands for Real Time Information, a... more

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1520
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Late Filing Penalties

Late Filing Penalties   Important Announcement -These penalties will still be payable even if you do not owe any tax Your online tax return must reach HMRC by midnight on 31 Janua... more


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Bookkeeping Made Easy

Bookkeeping Made Easy   Bookkeeping is, some would say, a necessary evil and one that can certainly harm you if you don’t comply with the minimum standards required by HMRC. It c... more


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Autumn Statement Tax Summary

Autumn Statement Tax Summary   George Osborne did not have great tidings to impart when he presented his Autumn Statement to the House of Commons on 29 November 2011. The best he could... more


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Reclaiming VAT

Reclaiming VAT   Before you can reclaim VAT on goods and services you have bought you need to check the following: 1. The purchase was for business purposes - not for your personal... more

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1572
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PAYE Refunds and Underpayments

PAYE Refunds and Underpayments   The Taxman has set his computer the task of recalculating the PAYE paid by many millions of people for the tax year 2010/11 and for the tax years 2003/... more


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Self Employed Teachers to Tell All

Self Employed Teachers to Tell All   The Taxman has launched another campaign to encourage people to pay tax on income they have previously omitted from their tax returns. This time pr... more


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Reality of Self-Employed Contracts

Reality of Self-Employed Contracts   A recent case heard in the highest UK court (the Supreme Court) may affect whether workers are defined as employees, and hence whether they are ent... more


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Student Loan Notices

Student Loan Notices As an employer you are required to collect repayments of student loans your employees took out through the Student Loan Company (SLC) while they were studying, during years... more


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Splitting Businesses to Avoid VAT

Splitting Businesses to Avoid VAT Now the standard rate of VAT is 20%, some business owners are tempted to split their businesses into different entities, so the part with non-business customer... more

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1552
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Business Record Checks Update

Business Record Checks Update  HMRC believes that a lot of businesses do not pay the right amount of tax because they don't accurately record their business income and expenditure... more


1847
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Jointly Held Property Tax Savings

Jointly Held Property Tax Savings With the threshold for 40% tax reducing every year (£35,000 after deducting allowances for 2011/12), it makes sense to review who pays the higher rates o... more


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Business Exit Planning

Business Exit Planning   Are you thinking about hanging-up your working boots and passing-on your business? This takes a lot of planning to get the best possible tax outcome. If yo... more


1584
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Less Tax for Students

Less Tax for Students   If you are employing students over the summer months, don't forget to give them the HMRC form P38S (2011) to sign. This form allows the student to earn thei... more