Archive for January, 2013

Is all the Anger on Tax Avoidance Justified?

January 31, 2013

Most of the UK’s larger businesses have made a significant contribution to the public purse despite adverse economic conditions and public outcry over multinationals using complex tax structures to avoid paying tax. Global companies including Amazon, Google and Starbucks have attracted public ire over their corporation tax bills, but a study by PwC has found […]

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Accountants as the Strategic Business Partner

January 25, 2013

The overwhelming message coming from the business community is that accountants now and in the future need to be strategic business partners. If they are to add value to business and develop a successful career, they need to share insight and guide strategic decision-making, rather than simply analyse and report on data.

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Tax Consequences of Audit Exemptions

January 18, 2013

According to the new rules there will be more than 100,000 small companies from the requirement to have an audit may raise tax issues. The new audit threshold rules, which come into effect on October 1 and were announced by the Department of Business Innovation and Skills (BIS) earlier in September, mean that small businesses will not need […]

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Government to invest £1 Billion on a Business Bank

January 11, 2013

The government through its autumn statement announced that they are going to inject £1bn of funding for a new Business Bank aimed at boosting lending to small businesses. The new bank will try to transform the way that government delivers support to SMEs and will stimulate the provision of long-term capital, including by leveraging in […]

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Changes to the Online VAT Facility of HMRC

January 9, 2013

Until now, HMRC’s online VAT services have been basic, but he’s recently added some genuinely useful tools. What’s to know? HMRC has recently made some additions to the VAT online services. While they are not the functions that you need on a daily basis, they will however simplify and speed up some of his application […]

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Five Tips to Cut Your Tax Bill

January 4, 2013

If you take into consideration the amount of tax you have paid over the years in various forms, you may look back and find areas where you could have saved money. According to a tax expert, there are 04 things that you should do in order to reduce your tax burden..

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