Tag Archive

What Businesses Want from the Budget 2017

Published on March 6, 2017 By admin

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 […]

Legitimate Income Shifting

Published on March 20, 2013 By admin

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

Published on December 28, 2012 By admin

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 […]

How to Escape PAYE Penalties

Published on April 6, 2012 By admin

The general rule is that if you miss the PAYE deadline of the HMRC or break one of many established rules where a penalty applies HMRC will let you know immediately the penalty applicable. However, the new PAYE late payment penalties are somewhat different from the other penalties.

What Counts as a Fair and Reasonable VAT Claim?

Published on March 16, 2012 By admin

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

Published on February 8, 2012 By admin

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

Published on December 23, 2011 By admin

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 […]