Accountants Balham

Budget 2012; What Does it Mean to You

Posted by on March 22, 2012 at 12:32 pm

For individuals The income tax personal allowance is set to rise again, not just as scheduled in April 2012, but next year too. It will go up further in April 2013 to £9025.00. This is a step forward towards raising it up to £10000.00. On the otherhand, the 50p tax rate is to be brought […]

The Tax Advantages of Fixed Expenses Payments

Posted by on February 24, 2012 at 10:31 am

Reimbursing expenses to your employees the cost of their business travel etc. is tax and NI free. But is there a possibility of paying a fixed-rate allowance instead to make them better off.

Tax Deduction for Overdraft Interest

Posted by on January 14, 2012 at 12:42 pm

It’s hardly an unusual situation for a director to incur expenses on behalf of their company and for it to make a reimbursement. The outcome of this arrangement is usually that the company gets a deduction for the cost while for the director the transactions are tax neutral. But if the director takes for example […]

Tax Return Tips and Advice

Posted by on December 23, 2011 at 5:31 pm

Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year.  For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]

Filing Your Tax Return Online

Posted by on December 9, 2011 at 3:04 pm

When it comes to your tax return, deadline for filing is extremely important. However, most people are complacent of this deadline set by HMRC and ends up paying needless penalties. Therefore, it is important to remember of the advantages that online filing of your tax return can bring you. This process has been facilitated by […]

Tax Evaders to Face Fresh Crackdown

Posted by on November 9, 2011 at 6:10 pm

People who own foreign properties and have evaded tax all this time will come under the microscope by the UK tax authorities. People with between £2.5m and £20m in wealth and homes abroad will be the first to be targeted by a recently established unit of tax inspectors. HM Revenue & Customs (HMRC) expresses hope […]