Accountants Clapham Common

Ensuring Maximum Tax Efficiency by Choosing the Right Equipment

Posted by on June 1, 2012 at 9:23 am

When purchasing equipment for your business or when renewing existing equipment, HMRC gives special incentives if you buy specific makes that saves energy. However, first you have to track a supplier that sells these types recommended by HMRC. Capital allowances enable you to write off your costs of capital assets against your taxable profits. The […]

Reclaiming VAT on workers’ expenses

Posted by on April 13, 2012 at 10:30 am

HMRC is extremely strict on matters relating to VAT. This applies especially if your company happens to be on the wrong side of VAT investigations. If so HMRC has a greater tendency to spot discrepancies than never before.

How to use Vouchers for Tax Savings

Posted by on March 30, 2012 at 12:24 pm

If you’re looking for a low admin benefit to be given to your employees, vouchers may be the answer. The range of goods and services you can provide this way is huge, making them more appealing to your employees.

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.

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 […]