Accountants in Richmond

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?

Claiming Tax Reliefs

Posted by on July 13, 2012 at 9:32 am

Have you ever thought of claiming a tax deduction for your birthday gift? According to the laws of HMRC, you can freely do so provided that they are used for business purpose. If you spend money on your business, you can expect set off the cost against your tax bill. But as with all other […]

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 […]

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.

Tax Deduction for Overdraft Interest

Posted by on January 14, 2012 at 12:42 pm

It’s hardly an unusual situation for a director to incur expenses on behalf of their company and for it to make a reimbursement. The outcome of this arrangement is usually that the company gets a deduction for the cost while for the director the transactions are tax neutral. But if the director takes for example […]

Delay in the issue of some Self Assessment Tax Return Statements

Posted by on August 25, 2011 at 4:48 pm

According to the reports coming out from HMRC, HMRC has more Self Assessment statements than usual to issue this year. Bearing in mind that these self assessment tax return forms are issued in July, this year HMRC has taken steps to issue some in August as well. If you are yet to receive your tax […]

How to Manage the Cash Flow of Small and Start-up Businesses

Posted by on June 9, 2011 at 7:40 am

With more and more small and start-up businesses emerging with the economic revival than it is vital that they receive the best advice possible in terms of their accounting, tax and cash flow requirements. One key area among all that many new small businesses are found foul is the cash flow. Often the issue being […]