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
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
Many businesses receive capital allowances to recognise the equipment they use. However, there are no capital allowances for equipment such as beds, furniture, fridges and cookers bought for use in a residential property.
This is not the case for properties which fall within the definition of a ‘furnished holiday letting’ and expenditure on assets which are used in the non-residential part of a block of flats, for example the hallways.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