Tax

Article: 5 Steps to Meet the 31 January Tax Return Deadline

5 Steps to Meet the 31 January Tax Return Deadline Small Business News 5th January 2012 31st January 2012 is the deadline for individuals to file their tax returns for the year ended 5 April 2011.  It is already too late to file tax returns...

Article: Big Business Getting Away With Unpaid Taxes

Big Business Getting Away With Unpaid Taxes Small Business News 5th December 2011 Forum slams HMRC’s ‘harassment and mistreatment’ of small businesses as large companies get away with billions in unpaid taxes The Forum of Private...

Article: Budget Must Simplify Business Taxes, says FPB

Budget Must Simplify Business Taxes, says FPB Small Business News 18th March 2011 The Government has already pledged a “Budget for enterprise”, but for small firms to fill the economic vacuum the Chancellor must simplify the tax system, the Forum of...

Article: Cash-strapped Britain Gifts £13.5bn to the Taxman

Cash-strapped Britain Gifts £13.5bn to the Taxman Small Business News 28th February 2011 The South East is the most tax inefficient region - wasting £1.8 billion Failure to claim tax credits accounts for £8.5 billion of wastage 91% of wo...

Article: Common VAT Problems

Common VAT Problems Once you understand the basics, VAT is reasonably straightforward. But there are some areas where it is easy to make mistakes. These can lead to stringent penalties, and ignorance is no defence. In this briefing, we assume you...

Article: Company Car Tax Guide

Company Car Tax Guide If you make a car available to your employees and it is available for private use (including commuting), your employees have to pay tax on the benefit of this. In the same way, they have to pay tax if you provide free...

Article: Company Cars and Tax

Company Cars and Tax Company cars are one of the most popular employee benefits. Altogether, more than one million UK directors and employees drive company cars. Of these, half receive free fuel for private use. Successive governments have increased...

Article: Company Van Tax Guide

Company Van Tax Guide There is a tax charge where, because of their employment, a company van is made available to a director or an employee earning £8,500 a year or more, or to a member of their family or household, and the...

Article: Corporation Tax

Corporation Tax Corporation tax is the tax paid by companies on their profits. Unincorporated organisations (such as clubs and societies) also pay corporation tax, if they have taxable income. Partners in both traditional and limited liability...

Article: HMRC Tax Returns Must Now be Filed Online

HMRC: Tax Returns Must Now be Filed Online Small Business News 4th November 2011 Business owners and self-employed workers who didn’t send in their paper self-assessment tax returns by the 31 October deadline must now send them online or face...

Article: HMRC's Alternative Dispute Resolution scheme

HMRC's Alternative Dispute Resolution scheme Launched Small Business News 15th January 2012 A pilot scheme launched by HM Revenue & Customs (HMRC) to resolve tax disputes between inspectors and small businesses has received a mixed reception...

Article: PAYE Burden Makes Small Business Owners Hesitant to Hire

PAYE Burden Makes Small Business Owners Hesitant to Hire Small Business News 23rd May 2011 According to an Intuit poll of small business owners, two thirds (69%) say the burden of PAYE puts them off hiring employees. The admission came as the...

Article: Small Businesses Go Green to Boost their Bottom Line

Small Businesses Go Green to Boost their Bottom Line Small Business News 10th August 2011 ...but see tax and red tape as barriers to environmentalism Small businesses believe going green can boost their bottom line – but see tax and red tape...

Article: Tax and NI

Tax and NI Anyone starting up a small business needs at least a basic knowledge of tax. For the details, speak to a tax expert. A genuine expert should be able to save you much more in tax than the cost of the fees, as well as sparing you effort, time...

Article: Tax and NI

Tax and NI This briefing provides an introduction to the taxes most likely to affect your business. The sooner you set up systems for maintaining your records, and the better you keep them, the less money you will need to spend on professional help in...

Article: Tax Breaks and Support Needed for Business Growth

Tax Breaks and Support Needed for Business Growth Small Business News 7th October 2011 Nine out of ten micro businesses are planning to grow in the next year, but they will need tax breaks and face-to-face business support to do so, a report from...

Article: Tax Doesn’t Have to be Taxing; But it is…

Tax Doesn’t Have to be Taxing; But it is… Small Business News 2nd March 2010 Low corporate tax knowledge is making the tax system inefficient, says new ACCA research Her Majesty’s Revenue and Customs (HMRC) spends a lot of...

Article: Two Weeks Left to Complete self-Assessment Returns!

Two Weeks Left to Complete self-Assessment Returns! Small Business News 13th January 2012 Business owners and self-employed workers who haven’t submitted a self-assessment tax return must do so online by 31 January or face a penalty, HM...

Article: VAT

VAT As VAT (Value Added Tax) has the potential to impact on every business transaction it should not be ignored. This is especially so given most businesses will have no choice but to register for VAT once their sales reach £70,000 a year. Therefore ...

Article: VAT Inspection, Dealing with a

Dealing with a VAT Inspection Any business registered to pay VAT will have to deal with a VAT inspection at some point during the first three years of registration. However, late payers and payment defaulters will be visited more frequently. After...