VAT and the Taxpayers Right to Appeal
VAT and the Taxpayers Right to Appeal On 1 April 2012, it became mandatory for all VAT-registered businesses to submit their VAT returns and pay what is due online. This marked an extension of the [...]
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Residency Tests
Residency Tests: working out your status HMRC's statutory residence test is designed to provide greater certainty as to whether or not individuals are UK resident for tax purposes. The rules are [...]
Outsourcing Accounting
Should you outsource your accounting? Fact is that virtually all small and medium size businesses outsource at least some of their accounting services. It just doesn’t make sense to hire a [...]
Record Keeping Part (2)
Record Keeping - Specific Requirements In Record Keeping, Part 1 [INSERT Link], we discussed the general rules and framework why businesses must keep and maintain complete and up to date [...]
Child Benefit Charge and Tax
Child Benefit Charge: Will it affect you? Child Benefit Charge is a tax payable by an individual (or his/her partner) if either of them has a personal income of more than £50,000 and is eligible [...]
Record Keeping (1) – General Rules
Record keeping is the ugly little duckling among business activities. No one likes it. But without good business records no business is able to succeed. And that apart from the fact that bad [...]
Deductible Business Expenses
Business Expenses Deductible Tax Business Expenses – don’t we love them! In fact, many people love them so much because they think they get something for free. That’s a big mistake [...]
HMRC Tax Return Catch Up
Behind with your tax? HMRC offers an opportunity to get ahead In July HMRC announced an incentive to help taxpayers with overdue tax returns. My Tax Return Catch Up is a new facility for filing a [...]
General Anti-Abuse Rule - GAAR
General Anti-Abuse Rule (GAAR): Will it work? The general anti-abuse rule (GAAR)came into force on 17 July 2013 when the Finance Act 2013 received Royal Assent. GAAR applies to abusive tax [...]
14 Questions You Need To Ask When Choosing A New Accountant
This is the final article in our series helping you find an accountant. Being prepared is never more important than ahead of a meeting that serves to bring on board one of the most important [...]