Accountants in Parsons Green

What Businesses Want from the Budget 2017

Posted by on March 6, 2017 at 11:37 am

Most of the businesses feel that the government must work in partnership with businesses to prioritise stability as Britain starts Brexit talks as per the Confederation of British Industry. “By supporting businesses to invest, the government can promote growth at a critical time for the UK economy as we enter into EU exit negotiations,” says […]

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 […]

Legitimate Income Shifting

Posted by on March 20, 2013 at 10:49 am

Losing your job is a financial disaster for anyone. If it has happened to you or your spouse, how can you use the tax system to soften the blow? If your partner loses their job, they may also lose the benefit of their tax-free personal allowance, which currently stands at £8,105. But there are ways […]

Autumn Statement; What’s in it For the Savers and Pensioners

Posted by on December 28, 2012 at 10:59 am

For savers, the annual ISA contribution limit will rise modestly from the current level of £11,280 to £11,520 from April 2013, a rise of 2.1%.. But previously it was said that this would be increased in line with inflation. What about pensions? The basic state pension will rise by 2.5% next year to £110.15 a […]

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.

Bookkeeping Tips for Small and Start-up Businesses

Posted by on February 8, 2012 at 2:31 pm

Accurate and systematic bookkeeping is a must for any small or start-up business. The general perception of bookkeeping is that it is an overwhelming area which only contains boring monotonous task of recording the details. But this is not true. Bookkeeping in real sense is a wonderful practice which makes the business owners to understand […]

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 […]