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Category Archive for "VAT"

How Can You Pay Your Tax Bill ?

At the end of the process when the work has been done and hopefully explained to you then you need to think about paying the dreaded tax bill. This part frustrates so many clients because they feel as if accountants

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Claiming expenses: What You Can And Can’t claim

One of the things I get asked the most is what can I actually claim for when I work for myself ?. Its not black and white but there are clear rules for claiming and any good accountant should be

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What You Need To File A Tax Return

  For many people who need to file an annual tax return the paperwork is the Bain of their lives. A good accountant should always ask clearly at the start of the process for what they need and should be

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What are the UK rates of tax ?

The UK tax system confuses a lot of people but it’s relatively straightforward and the sign of a good accountant is one who can explain it clearly and simply. Let’s start by looking at what is called direct tax. Its

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GDPR (general data protection regulations)

Five area’s of change under the new data protection regulations coming into effect in May 2018 THE ORGANISATION MUST KNOW WHERE DATA IS AND ITS RISKS INTERNAL DATA OFFICER WILL NEED TO BE APPOINTED ANNUAL PERSONAL/SENSITIVE INFORMATION AUDIT NEEDED CONTINUOUS

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Is it the end of Accountants ?

HMRC expect their new initiative making tax digital will firstly raise the overall Tax take a particularly hot topic at the moment in this frenzied atmosphere of public sector cuts. Secondly it will increase tax simplification in opening up the

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What’s new in VAT?

In October 2016 changes to the VAT Flat Rate scheme were announced in order to stop the misuse of the flat rate VAT scheme. From April 2017 HMRC will introduce a new category of trader, a ‘limited cost trader’, with

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HMRC Digitalisation = End of the Accountant?

HMRC has issued details about its Making Tax Digital project which aims to help millions of businesses to get their tax bills right first time, without the need for an annual tax return. Sounds great but what is behind it

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5 big tax changes

1. Making Tax Digital From April 2018 Sole Traders and Partnerships earning £10,000 or more per year will need to make quarterly electronic submissions to HMRC declaring their income and expenditure for that quarter.  The submissions will need to be

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The Autumn statement

Nothing very spectacular here but in fairness there wasn’t very much to give away. Some of the projected future debt figures for the government are eye watering but we shouldn’t forget that we live in a relatively low tax economy

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