There’s a worrying telephone tax scam doing the rounds at the moment, which is particularly targeting the elderly. HMRC has asked us to alert our customers and share what you should watch out for… How this particular tax scam works A fraudster leaves you a telephone message threatening you with a HMRC lawsuit. You’re asked […]Read More
Following the 2015 Summer Budget, there are some changes being brought into force for buy-to-let owners. Read on to find out how the new rules will affect you…
Heard the news? Income tax relief for landlords on residential property finance costs is to be restricted to the basic rate of income tax.Read More
It’s all change on dividend tax rules following the 2015 Summer Budget. Read on to find out how they could affect you…
In the 2015 Summer Budget, the Chancellor announced there are going to be fundamental changes to the way dividends are taxed.Read More
As I have blogged before, most mortgage lenders require form SA302 as evidence of a mortgage applicant’s financial standing. These forms are difficult to get hold of as HMRC only automatically issue them to tax payers who have submitted a paper tax return. A vast majority of people either submit their returns on-line or use tax agents who similarly submit their client’s tax returns on-line.Read More
This was the Chancellor’s last Budget Statement before the general election on 7 May 2015. The last Budget before an election is always likely to be a political budget with the possibility of pre-election giveaways.
However the Chancellor was consistent before the Budget in dampening down expectations. When the speech came – it was entertaining with plenty of digs against the Opposition but with very few major proposals. The message is still ‘steady as she goes’. What will the electorate think? By the 7 May 2015 the hype will have subsided and the implications of any proposals will be much clearer.Read More
There is a lot of information flying around at the moment about auto-enrolment and the deadlines coming up for businesses to heed.
While large companies have been doing auto enrolment for a while – now it is starting to become a reality for their smaller brethren!
I have to admit that even the best written guides are daunting. A small employer has enough on his or her plate without having to try and get their head around what they have to do. Even worse if they don’t do it they can be penalised!Read More
When we meet new clients who have a business idea and want to go into business on their own account we often find that the first thing they want to do is to become a company director! They have usually decided they want to have a company before they have met up with an accountant. Therefore our first meeting will often be a lengthy discussion about business structures; incorporation, sole trade or partnership.Read More
You’ll know from my past blogs that HMRC have been targeting areas of the economy where they think there are tax evasion “black spots”. Just to put you into perspective: there have been 80 task forces since 2011 and 20 more are planned in 2014/15.Read More
Do you need an accountant? Many people set up a business without using one as they can do all the regulatory stuff that is required of them online. HMRC has made it easier than ever to do it yourself – for Income Tax, Corporation Tax, VAT and Payroll – there are online facilities you can utilise.
So, the big question is why should you spend hard earned money on an accountant? Seeing that I get to answer this question frequently for prospective clients and the general man or woman on the street, here, in no particular order, are my top six reasons:Read More
There have been some further changes which are starting to impact upon PAYE compliance for this tax year 2014/15 and onwards, so I thought it may be handy to write a post to give you insights into these aspects. These are on top of the Real Time Information (RTI) structures which HMRC introduced in April 2013.Read More