Tag: HMRC

Don’t delay – Submit your tax return today!

tax return

Sole traders across the UK will notice letters from the taxman dropping through their letterboxes in the days ahead, reminding them that the tax year has ended and it’s now time to file their Self-Assessment Tax Return. Of course, the

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Will You Pursue Your Business Idea in 2019?

small business 2019

Many would be business owners take the opportunity of a new year to pursue their entrepreneurial dreams. If you are going to use 2019 to launch your new business then it’s important to remember that finances are a necessary part

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Ditch the gifts and do some good this Christmas…

gift aid christmas small business

At this time of the year many business owners and employees do tit-for-tat giving at Christmas – gifts to clients, gifts to contractors plus the office secret Santa, the result being, generally a whole lot unwanted tat. An alternative for

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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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When is a cake, not a cake?

VAT registration

When it is a biscuit! True… No VAT is charged on plain biscuits or cakes. But when a biscuit is covered in chocolate it becomes a luxury and standard rate VAT at 20% is added to the price. Mcvities, famous

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Tax-Saving Tips for Small Business Owners

tax-saving

Anyone running and owning a small business will tell you this one thing “be careful with tax – it’s not straightforward!”, in fact, it can be a real minefield for the unprepared. However, taking time and working closely with a

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Tax Deductions – Are you losing out?

tax deduction

When completing your tax return a good accountant will check that all of your tax deductions are included. Sadly, however, some are less pro-active and will simply process the details you give them, without looking for extra tax savings. So,

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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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Don’t be afraid of… TAX Returns!!

paper tax return

Halloween is just days away, so what are you most scared of? Ghosts, ghouls, and things that go bump in the night? Or could it be that you’re more afraid of submitting your paper tax return!!   If you are

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