From 1st October 2013 companies with fewer than 10 employees and a turnover less than £632,000 have been able to submit a simplified Balance Sheet and Profit and Loss Statement to Companies House for their annual accounts. This is the Government’s response to the European Council formally adopting into EU law a set of limited exemptions for micro-entities from the accounting requirements of the 4th and 7th Directives.Read More
The Finance Act 2013 affects the tax on loans from a company to its shareholder/directors. Some of the rules took effect on the 20th March 2013. This post gives you a bit of background to this Act and the differences that now affect Shareholders or Directors:Read More
A recent survey of 1400 adults by the insurers Aviva, has revealed widespread misunderstanding of the IHT exemption rules. I thought you may be interested in some of these common myths – because you may well hold one of them yourself!Read More
Our annual Clifford Towers Tax Investigations Service begins on 01/11/2013. We recommend to all of our clients that they join the scheme.
The scheme covers costs in the event that you are selected by HMRC for an investigation and will ensure that you do not have to simply concede to their outward demands without adequately defending yourself .Read More
I act for a number of elderly clients in preparing their tax returns and supporting them with tax advice as and when they need it. More often than not, I find that with my more elderly clients, our working relationship goes above and beyond the “norm” of what you would expect in accountant-client relationship.
Just recently I was contacted by one such client, an elderly widow of a farming client. She runs a small bed and breakfast business from the farmhouse and was calling because she had received a perplexing call from someone who said they were ringing from Google.Read More