Tag Archive

A Tax efficient way to Reimburse Expenses incurred on Meals-

Published on April 5, 2013 By admin

If you employ staff who are on the move on a regular basis, you could reimburse them the cost of their meals while they’re out and about. But you have another option, where you could pay them a tax and NI-free allowance in exchange for them taking a little less in pay. This will be […]

Essentials on the New Annual Investment Allowance

Published on March 15, 2013 By admin

The new rules on the annual investment allowance apply differently to different businesses. The Chancellor’s announcement that the AIA, which allows a 100% tax deduction for expenditure on equipment for the accounting period of purchase, was to be raised to £250,000 from 01 January 2013. But the transition from the previous £25,000 limit always looked […]

Accountants in Putney

Published on November 2, 2012 By admin

When you take the South West London region, it is well popular for being a vibrant business hub. There are many commercially active town centres in the South West London area with many small businesses. Some of them have been active town centres for numerous years namely Hammersmith, Wimbledon, Ealing and Richmond. But, over the […]

Reporting Financial Performance

Published on October 5, 2012 By admin

Over recent years, there have been a few Answers to certain disclosures within the financial statements such as when ‘exceptional items’ are encountered and there is uncertainty as to how to disclose these. The standard, which controls the way by which the financial performance is reported, is that of FRS 3 Reporting Financial Performance. The […]

Business Record Checks on Hold

Published on August 31, 2012 By admin

HMRC has suspended the programme of business record checks. But the bad news is there will be more targeted checks on specific businesses. Early last year HMRC announced that a special task force would be visiting businesses at random to check the standard of their record keeping. Originally, HMRC intended to make 50,000 visits; this […]

Shifting Value in a Family Run Business

Published on June 15, 2012 By admin

In family run businesses, if the main shareholder is retiring but wants to keep his/ her stake to ensure he/she still maintains control, how can this situation be handles without being investigated by HMRC for inheritance tax?

New Tax Warning Letters for Doctors and Dentists

Published on November 22, 2011 By admin

According to the latest press release by HMRC, about 2,500 doctors and dentists have been targeted by HMRC for possible tax evasion. The warning letters have already been prepared by HMRC and will be sending them in the near future. The alleged tax dodgers will have to pay their dues within 21 days or face […]

Delay in the issue of some Self Assessment Tax Return Statements

Published on August 25, 2011 By admin

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

Published on June 9, 2011 By admin

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 […]

Tax Advice and Tax Planning when Selling your Business

Published on May 25, 2011 By admin

Selling your business can be an extremely complex and a time consuming exercise, and can require the expertise of professionals such as consultants, accountants, and tax advisors. If you find you don’t really want to sell your business, you have the option of reorganizing your business on a tax-deferred basis. This is one of the […]