Archive for May, 2012

Can we Consider the Fines of Companies House as tax Deductible?

May 25, 2012

If your business has been hit by a penalty from the Companies House just because, you sent your accounts late, can you take it as a tax deductible expense?. The answer is that fines and penalties cannot be taken into the tax deductible category unless they are being paid on behalf of an employee.

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Posted in Accountants in Barnes, Accountants in Fulham, Accountants in Kensington, Accountants in Knightsbridge, Accountants in Putney, Accountants in Wandsworth, Accountants in Wimbledon, Accountants Knightsbridge | No Comments »

Annual VAT Adjustments

May 18, 2012

There’s some good news for businesses struggling with cash flow issues. If your business is making VAT exempt and chargeable sales, you have the chance to make an annual adjustment to the amount you’ve reclaimed on purchases. By doing so you have the chance to improve your cash flow or even reclaim more VAT.

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Posted in Accountants in Barnes, Accountants in Earlsfield, Accountants in Hammersmith, Accountants in Putney, Accountants in Southfields, Accountants in Wandsworth, Accountants in Wimbledon, VAT Accountants, VAT Advisors | No Comments »

Is There a Tax Advantage to a Sale and Leaseback?

May 14, 2012

Recent statistics show that despite all the propaganda by the government and by the banks, the lending to businesses in 2011 compared to 2010 had been low. This lending squeeze has meant more and more businesses are looking for alternatives measures to bank loans, such as raising capital from the assets they already own. This […]

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Posted in Accountants Clapham, Accountants in Barnes, Accountants in Battersea, Accountants in Chelsea, Accountants in Clapham, Accountants in Southfields, Accountants in Wandsworth, Accountants in Wimbledon, Tax Deduction, Tax Deductions, Tax Relief | No Comments »

Is corporation tax easy for big businesses to avoid?

May 4, 2012

The latest case of concern with respect to corporation tax avoidance is the online retailer Amazon. This accusation is mainly based on the fact that since 2006, its UK business has been a subsidiary of its European headquarters in Luxembourg. As a result, anyone buying anything from Amazon in the UK makes a payment to […]

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Posted in Tax Advisors, Tax Advisors Fulham, Tax Advisors Hammersmith, Tax Advisors Putney, Tax Advisors Wimbledon, Tax Consultants Earl's court, Tax Planning | No Comments »

Income Tax Trap for online Traders

May 4, 2012

Finally HMRC has come to grips with those who sell certain products or used items on websites such as Gumtree and eBay. So who should be worried about these latest attempts of HMRC to earn some more money? Targeting online traders for tax Over the last few months HMRC has been busy trying to identify […]

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Posted in Accountants Earlsfields, Accountants in Barnes, Accountants in Barnes Common, Accountants in Battersea, Accountants in Putney Heath, Accountants in Richmond, Accountants in Roehampton, Local Accountant, Local Accountants | No Comments »