Category: HMRC

Be Careful of This Phone Scam…

Phone Scam

In these days of hackers, cybercrime and phishing scams we are all very aware of the risks online from scam artists intent on getting their hands on our money. But are we as vigilant when it comes to telephone contact?

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Accountants: Not just here for Tax Returns!

tax returns

January, the time when everyone gets themselves in a tiz about their self-assessment tax returns. But imagine you had someone on hand all year, not just January, keeping on top of your numbers, making sure you keep more of the

Posted in HMRC, Tax, Tax Returns

Tis the season to be jolly (and tax free!!)

tax free

Did you know that HMRC seasonal rules allow employers to throw staff a tax free Christmas party!! It’s true – the seasonal allowance can be used to subsidise employee food, drink, travel or accommodation. Employers have been reminded that in the

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HMRC – Credit Card Crunch!

credit card

HMRC will no longer be accepting credit card payments when you pay your self-assessment bill. From January 13, self-employed, sole traders and company directors will no longer be able to use their own personal credit card to pay their self-assessment

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HMRC Marriage Allowance….

marriage allowance

…. for RICHER, for poorer. July is wedding season – along with the rings, cake, and glasses of fizz, getting married could actually make you better off!!! The Marriage Allowance was introduced by HMRC in April 2015 and could save

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Flat Rate VAT has changed….

flat rate VAT

….Are you aware of the changes? The VAT Flat Rate Scheme simplifies businesses’ record keeping, and makes it easy to work out the VAT they have to pay. However as of 1st April 2017 the scheme changed, as announced by

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Self-Assessment Tax Return Mistakes and How to Avoid Them.

self-assessment

There are a number of common tax return mistakes that can hold things up (possibly leading to a penalty fee), cause you problems or even prompt HMRC to look more closely at you. So it’s best to be aware of

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This HMRC loophole is a corker!!

HMRC loophole corker

All the major retailers have rolled out their festive TV ads, people are bustling about with carrier bags full of presents and rolls of wrapping paper, so that means we are officially allowed to say the “C” word, yes, “CHRISTMAS”!!!!

Posted in HMRC, Tax, Uncategorized

Phillip Hammond’s first Autumn Statement

On Wednesday 23 November 2016 Phillip Hammond presented his first Autumn Statement. So what exactly did the Chancellor say and, more importantly, what did it actually mean? A summary of this year’s Autumn Statement is now available here dna-accountants_5010_autumn-statement_2016 The Autumn

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Digital Tax is here (well almost!)

Digital Tax is here, and it means the end of the tax return as we know it. How you report your earnings and how you pay your tax is all about to change. The Governments aim is for HMRC to

Posted in HMRC, Tax, Tax Returns, Uncategorized, Xero