Accountants in Fulham

Real Cost for Small Businesses in Making Tax Digital

Posted by on February 28, 2017 at 12:35 pm

Form the next tax year, smaller businesses are encouraged to keep digital records of their financial information such as income and expenses. A survey of accountants reveal nearly half of them think that this will cost small businesses somewhere between £200 and £500 and 27% think that it would be between £500.00 and £1000,00 while […]

Keeping Digital Records of Your Bookkeeping will be Compulsory

Posted by on June 22, 2016 at 1:21 pm

The government is on its way enforcing all businesses whether large or small to maintain their bookkeeping records electronically. Eventhough you can get a good idea of the government’s intentions by reading the article “Making Tax Digital” it doesn’t give any concrete information to say how businesses should plan for this. While it’s just an […]

Digital Tax Dashboard of HMRC

Posted by on September 26, 2014 at 11:52 am

Three major tax related functions of HMRC are about to get a new digital makeover. Reports suggest that these new digital services are progressing through user testing in preparation for potential release to the public in the next year. The newly designed business tax dashboard, now known as Your Tax Account (YTA), PAYE for employees […]

Can a Stock Valuation Save you Tax?

Posted by on February 6, 2013 at 10:56 am

At the end of each financial year, one needs to value its stock for accounting purpose. But this is a tedious exercise and not many people like to do it. But there are ways where you can you turn this into an opportunity to save corporation tax? You may not realise, but your company has […]

Is all the Anger on Tax Avoidance Justified?

Posted by on January 31, 2013 at 10:29 am

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 […]

Accountants as the Strategic Business Partner

Posted by on January 25, 2013 at 10:38 am

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.

Changes to the Online VAT Facility of HMRC

Posted by on January 9, 2013 at 10:52 am

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 […]

Is There a Tax Advantage in Investing in Forests?

Posted by on October 31, 2012 at 10:49 am

If your company is looking at ways of investing spare cash then investment opportunities relating to woodlands is worth considering. The reruns from these investments are sizeable and also come with tax incentives. If you search for details it’s not difficult to find reports of investments in woodlands producing annual returns in double figures. Usually […]

More Tax Investigations on the Way

Posted by on October 19, 2012 at 2:45 pm

Now it is a practice of HMRC to visit businesses to check the authenticity of their records. But earlier this year, they were put on hold. However, they are going to restart this process. The government has made has made their intentions clear to check on the records of businesses as part of its war […]

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. […]