Accountants in Barnes Common

More Regulations for the CIS Industry

Posted by on October 3, 2014 at 11:54 am

Contractors in the CIS (Construction Industry Scheme) usually file tax forms online, but now the HMRC proposes that the employers need to do an electronic check that sub-contractors are paying the right amount tax. This suggestion has been made with the objective of increasing the tax revenue received from the CIS scheme, which has largely […]

Basics in Bookkeeping

Posted by on August 3, 2012 at 10:43 am

Though is seems like a laborious process, bookkeeping has some major benefits for any business. Generally speaking, bookkeeping has two basic goals: To keep track of your income and expenses; This enables you to make significant decisions to make profits To collect the necessary financial information about your business to file your various tax returns. […]

Income Tax Trap for online Traders

Posted by on May 4, 2012 at 3:10 pm

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 […]

How to Escape PAYE Penalties

Posted by on April 6, 2012 at 10:30 am

The general rule is that if you miss the PAYE deadline of the HMRC or break one of many established rules where a penalty applies HMRC will let you know immediately the penalty applicable. However, the new PAYE late payment penalties are somewhat different from the other penalties.

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.

What Counts as a Fair and Reasonable VAT Claim?

Posted by on March 16, 2012 at 10:30 am

Where you buy goods or services that are used only for business, the view of HMRC is that you can reclaim a fair and reasonable proportion of the VAT. But in some cases you can reclaim the entire amount.

How can Small Businesses Break the Barriers and Move Forward?

Posted by on December 30, 2011 at 5:09 pm

Every business owner has an objective in mind. Whether it is to increase the revenue, expand the market share or cut down on costs, a business owner needs to pay attention to the core revenue generating aspect of his business. Small business and start up business owners have many things to worry about from regulatory […]

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 […]

Business Plan Template for Start Up Businesses

Posted by on December 2, 2011 at 5:05 pm

It is essential to have a realistic, working business plan when you’re starting up a business to make sure the business growth is sustained over a long period of time.The task of making a business plan will be much easire if you have a business plan template ready. A business plan can be defined as […]

The Consequences of VAT Rise on Quartely VAT Bills

Posted by on June 17, 2011 at 10:06 am

Rise in the VAT from 17.5% to 20% has defenitely had a big impact on small businesses and households throughout the UK in terms of their quarterly VAT. At 17.5% the UK had the lowest standard rate of VAT and the only 0% rate on food of any major EU member state.