News
- 01/09/2011 - Business Exit Planning
Are you thinking about hanging-up your working boots and passing-on your business?
Read Article - 01/09/2011 - Jointly Held Property Tax Savings
With the threshold for 40% tax reducing every year (£35,000 after deducting allowances for 2011/12), it makes sense to review who pays the higher rates of tax within a family. Can some assets be transferred to the partner who pays a lower tax rate to reduce tax?
Read Article - 01/09/2011 - New Mileage Rates
Where your employees use a company car or van, but pay for the fuel themselves, the company can pay a fuel-only mileage rate for business journeys.
Read Article - 01/09/2011 - September Question & Answer Section
Q. I received my self-assessment statement and payslip on 17 August 2011, which shows tax due to be paid by 31 July 2011. I paid the tax due as soon as I could, but I am now worried that I will get charged interest and a penalty for late payment.
Read Article - 01/09/2011 - September Key Tax Dates
Read Article - 01/08/2011 - New Workplace Pensions Cost
Another set of regulations is set to fall on the shoulders of all employers. This time it's a compulsory pension scheme for all employees.
Read Article - 01/08/2011 - VAT Initiative Starts
Last month we warned you the Taxman was planning a campaign to encourage businesses to register for VAT. The Taxman is calling this campaign the 'VAT Initiative'.
Read Article - 01/08/2011 - Companies House Reminders
You can now set up an email reminder service for your company or LLP at Companies House. Once you have registered you will receive timely emails to remind you of the due dates to submit the annual return and accounts for your business, and paper reminders will cease.
Read Article - 01/08/2011 - Less Tax for Students
If you are employing students over the summer months, don't forget to give them the HMRC form P38S (2011) to sign.
Read Article - 01/08/2011 - August Question and Answer Section
Q. I've heard I could reduce inheritance tax by leaving money to charities in my Will. How does this work? Do I have to leave a minimum amount?
Read Article - 01/07/2011 - Web Bots Are Out to Get You!
The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches.
Read Article - 01/07/2011 - What if You Don't Pay Your Tax?
July is one of those big tax-paying months...
Read Article - 01/07/2011 - Must You Register for VAT?
There is a myth in certain quarters that every legitimate business is required to be VAT registered. This is not the case.
Read Article - 01/07/2011 - Repayment Claims for Tax on Interest
You may be able to claim a tax repayment from the Tax Office if your bank has deducted 20% tax from interest paid
Read Article - 01/07/2011 - July Question and Answer Section
Q. I've always prepared the accounts for my own company and submitted them to Companies House and the Tax Office with no problems. However, this year the Taxman sent back my company's accounts and tax return saying they were in the wrong format. I'm confused. What have I done wrong?
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