Accountants in Knightsbridge

Tax Experts Defend their Position over the Government Backlash

Posted by on February 1, 2013 at 10:02 am

In latest developments, tax heads of larger accountancy firms have defended themselves against claims they are behind avoidance schemes that damage the UK’s economy. The Public Accounts Committee accused them of making not exposing corporate income for tax in UK

Inheritance Tax Relief When Property Prices Go Down

Posted by on July 27, 2012 at 10:00 am

Selling a house on someone else’s behalf in a shrinking market can lead you to a huge inheritance tax bill. But what are the options available for you to reduce the inheritance tax payable?

Real Time Information on PAYE

Posted by on July 20, 2012 at 10:30 am

Real Time Information on PAYE will be available from April next year, but employers have the chance to use it earlier according to HMRC. RTI is a system that is intended to make life simpler for employers. In reality, its function is to clamp down on businesses that fail to make PAYE payments on time. […]

Can we Consider the Fines of Companies House as tax Deductible?

Posted by on May 25, 2012 at 9:54 am

If your business has been hit by a penalty from the Companies House just because, you sent your accounts late, can you take it as a tax deductible expense?. The answer is that fines and penalties cannot be taken into the tax deductible category unless they are being paid on behalf of an employee.