Saving time for small businesses

May 27, 2014

In an attempt to make life easier for small businesses in terms of their tax compliance, the government have allowed the concept of ‘cash accounting’ to still be available for those with a total turnover of under £81,000.

How much should you be saving for your tax?

May 24, 2014

With a long delay between the month that you earn money and the month that you pay the directly related tax, it is essential to save a percentage of your income for you tax fund. Are you saving enough?

Two thirds of UK tax comes from higher rate taxpayers

May 21, 2014

Over two thirds of UK tax is now being collected from higher rate taxpayers, despite only making up 16% of the British population. That equates to £80 billion more tax from higher rate tax payers than in 2012.

HMRC reporting on credit card transactions

May 20, 2014

HMRC has new powers to access Credit and Debit Card transactions from UK businesses, in a bid to clamp down on tax fraud

Company car update

May 20, 2014

In the 2014 Budget, changes in the company car tax rates were announced, primarily to discourage the use of employer provided cars. Find out how this will change your tax bill, and more details on the most tax efficient way to own a Company Car.

A mini guide for doctors and dentists on claiming the Employers’ NI allowance

May 15, 2014

You may already be aware of the £2,000 that employers can claim each year against National Insurance contributions for your staff. For more details, read our mini guide.

DID you know FACT – Rise in self-employment

May 15, 2014

Some interesting facts have been publicised around the topic of self-employment, the number of people trading as self-employed has increased significantly in recent years.

Could tax schemes be the next mis-selling scam

May 14, 2014

Following on from the influx in claims for mis-sold PPI and more recently for packaged accounts, the next on the list could be for mis-sold tax schemes.

Good and bad news regarding Capital Gains Tax

May 13, 2014

Recent changes to Capital Gains Tax (CGT) legislation has cast a small shadow for home owners meaning they could end up paying thousands of extra pounds in tax.

Tax treatment of travel expenses for doctors and dentists

May 12, 2014

Could you be claiming tax relief on your business journeys? We take a look in to HMRC’s rules and regulations regarding business journeys and what can be claimed.