Tag Archive

More Regulations for the CIS Industry

Published on October 3, 2014 By admin

Contractors in the CIS (Construction Industry Scheme) usually file tax forms online, but now the HMRC proposes that the employers need to do an electronic check that sub-contractors are paying the right amount tax. This suggestion has been made with the objective of increasing the tax revenue received from the CIS scheme, which has largely […]

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 […]

Real Time Information on PAYE

Published on July 20, 2012 By admin

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. […]

How to Manage Directors Bonuses Tax Efficiently

Published on July 6, 2012 By admin

If your company has made a profit, it is highly likely that every director will receive a share from it as bonus. In order to get an early tax deduction, these bonuses must be paid within a specified time, but on the otherhand there will be a large PAYE bill.

Fixed Fee Accountants in Fulham and Hammersmith

Published on June 29, 2012 By admin

When you look for an accountant, what are the things that you look for most? Many business owners will look whether the particular accountant has the capability to handle the tasks that he / she wants them to do. Apart from the capability of the accountant to deal with final accounts, VAT, bookkeeping, personal tax […]

Alternative Dispute Resolution for Small and Medium Enterprise customers

Published on April 27, 2012 By admin

HM Revenue & Customs (HMRC) is running an Alternative Dispute Resolution (ADR) trial, which provides Small and Medium Enterprise (SME) customers with an alternative way of resolving tax disputes in compliance checks.

Getting the Correct Tax Code

Published on March 23, 2012 By admin

The last two years has been a difficult time for the HMRC’s National Insurance and PAYE Service. Soon after its launch vast numbers of incorrect tax code numbers were sent out and it automatically issued thousands of demands for tax that people had no idea. After being stung by criticism, HMRC has become more proactive […]

Year end Statutory Accounts and Management Accounts of Small Businesses

Published on March 9, 2011 By admin

Importance of maintaining systematic accounting records The aspect of accounting and preparation of financial statements is something that gets less attention in small businesses. The reason may be due to the fact that owners of the small and medium scale businesses are always pressurized on other matters such as cash flow of the business or […]