HMRC has produced another of its ‘ toolkits’, this time aimed at telling businesses how they should keep their records. But this isn’t an act of generosity, there’s a sting in the tail. It has just finished a review of the level of penalties it can charge where it believes a business doesn’t keep adequate [...]
We’ve just released our first Android app for calculating VAT. It’s available in the Android Market here.
Our VAT Calculator is a handy application designed to make working with VAT easy. Especially for reverse VAT calculations.
Simply enter the amount you wish to calculate and select if the value already includes VAT or [...]
Franchising can help to give you the confidence you need to start a business on your own.
The most famous franchise is probably MacDonald’s but there are numerous kinds of franchises out there. In relation to any other small business, franchising has proved to be successful, with 94% of units still operating profitable businesses 5 [...]
Continue Reading →A free electronic service to notify HM Revenue & Customs of any changes in personal circumstances has been launched.
The service allows taxpayers to register changes in jobs, address and other personal details any time night or day.
HMRC says the online forms take only a few minutes to complete and are much easier than [...]
Continue Reading →Plumbing is the focus of HMRC’s new tax ‘amnesty’, as the department continues its drive to stamp out evasion.
The initiative follows the tax health plan (THP), which was launched last year as an opportunity for doctors and dentists to reveal details of unpaid tax liabilities at the reduced cost of [...]
Continue Reading →HM Revenue and Customs’ (HMRC’s) changes to the way we file corporate tax returns and supporting documentation become mandatory from 1 April this year.
How prepared are you for this change? Read on to find out more.
What are the impending filing changes for corporate tax returns?
The year 2010 is more than usually complicated from the tax point of view because of the change of Government and the introduction of an Emergency Budget.
The March Budget introduced a number of measures intended to continue the policy of stimulating the economy by keeping public spending substantially above public revenue. The new Government [...]
Continue Reading →PERSONAL TAXATION 2010/11 2009/10 Personal allowance general £6,475* £6,475 aged 65 or over in year
of assessment £9,490 £9,490 aged 75 or over in year
of assessment £9,640 £9,640 age allowance income limit £22,900 £22,900 minimum where income
exceeds limit £6,475 £6,475 Married couple’s allowance
(10% relief) either partner born before
Continue Reading →
1st October 2009 saw a number of major changes within the Companies Act. One such change was the introduction of a Service Address for Directors.
Effectively, for every directorship held, a Director must provide Companies House with details of their usual residential address, as well as details for their, recently introduced, ‘service [...]
Continue Reading →The Chancellor gave his Pre Budget Report on 9th December. The main announcements were as follows:
the personal tax allowance and the threshold at which 40% tax is charged will remain unchanged for 2010/11. the increase in the small companies’ rate of corporation tax to 22% will be deferred for another year until 1 April [...]
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