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Tax Advice
27 Apr 2020
With the Coronavirus keeping consumers at home, high street businesses are feeling the hit while food delivery offerings and digital subscription services are seeing a surge in sales. Here, our top London accountants will explain these rules and exemptions to explain VAT charged on delivery and postage costs.
Tax Advice
Tax Advice
12 Nov 2019
There has been widespread growth among accountants in London and across the UK, especially in the past year. From the “big four” accountants to the new, innovative firms, the sector is seeing accelerated growth, which is possibly due to new regulations and economic uncertainty. Let's take a closer look.
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13 Nov 2018
Selling your business is exciting, but without proper planning there is a risk that after you die a large chunk of the proceeds will go to HMRC in the form of Inheritance Tax.
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04 Sep 2017
We take a look at how to extract cash from your business in the most tax efficient manner and examine the income tax rates for the 2017-18 accounting year.
Tax Advice
14 Jul 2016
Calculating your tax bill at the end of your financial year can be scary, but there are easy ways to avoid the panic that comes with paying the taxman.
Tax Advice
16 Jun 2016
The singer Adele has been lumped with a rather large tax bill after miscalculating her dividend payments.
Tax Advice
15 Jun 2016
Tax surrounding food can be tricky, and some of our most beloved brands have taken on the battle against HMRC. Here are three cases that have given HMRC raised eye brows:
Tax Advice
13 Jun 2016
Finding out that you are getting a tax return from HMRC? Well, unfortunately it does not always mean good news. Here's what you need to know about how it affects your business:
Tax Advice
06 Jun 2016
What is the VAT Flat Rate Scheme, how does it differ from the standard rate scheme, and how can it help to simplify VAT reporting for small businesses?
Tax Advice
12 May 2016
Are company cars a bad idea for small businesses? If so, what's the best alternative?
Tax Advice
26 Apr 2016
96% of British SMEs that export are exporting to other EU countries, but the question is: how straightforward is VAT across EU borders?
Tax Advice
14 Apr 2016
From April 2017 public sector bodies such as local councils or government bodies will need to check that the individuals they employ through umbrella or personal service companies pay the right tax.
Tax Advice
07 Apr 2016
With the UK’s move towards tax devolution allowing Northern Ireland to mirror the 12.5% corporation tax rate in the Republic of Ireland, is the UK at risk of being branded a tax haven?
Tax Advice
28 Jan 2016
Chancellor George Osborne and HMRC have been criticised after letting Google get away with paying a settlement to cover £130million of tax dating back to 2005.
Tax Advice
03 Dec 2015
Get the right accounting and tax advice for your new business from dynamic, affordable accountants who understand you and your needs.
Tax Advice
23 Jul 2015
From October this year, HMRC is set to gain powers to take money directly from your bank account. While HMRC seemed to be amending legislation in line with public concerns, it now appears promised safeguards are not in place.
Tax Advice
28 Apr 2015
In the distant past, surplus company money was often used to buy expensive cars with which company owner-directors could have their fun, but tax on company cars soon became prohibitive. Is 2015 your only chance to save tax by buying a Porsche?
Tax Advice
25 Nov 2014
HMRC continue to be cracking down on travel and subsistence costs on personal tax returns for the self-employed. Here we have look at two particular example cases and their outcomes.
Tax Advice
14 May 2014
It might have taken a judge 147 pages to describe what Gary Barlow and his Take That cohorts did wrong but in the eyes of the law in fact none of the charges were criminal. So what's the difference between tax evasion and tax avoidance?
Tax Advice
05 Feb 2014
With its soft sponge base, thin chocolate topping and tangy orange centre it would be hard to find someone in the UK who didn’t like the humble Jaffa Cake, well, unless you ask around the HMRC office that is. In 1991 the powers that be at HMRC tried to reclassify Jaffa Cakes as biscuits which would have pushed up the price by 20%. There was an outcry. How could the Jaffa “Cake” which goes from soft hard when stale, as opposed to a biscuit which goes from hard to soft when off, be victimised like this?!
Tax Advice
10 Jun 2013
In these times of austerity, tax free employee benefits are an interesting alternative to pay increases and great for improving employee morale.
Tax Advice
21 May 2020
There is little doubt that the UK Government’s ‘Making Tax Digital’ programme is a bold one. In their words, “HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world”. So, what is making tax digital, and what are the benefits?
Tax Advice
26 Feb 2020
Here, our team of expert tax accountants explain everything you need to know about VAT on business entertainment. We’ll include a breakdown of the tax treatment of entertaining clients and employees, the rules governing staff parties and taking potential clients out for lunch, and discuss if it’s better to pay for these things through the company or out of your own pocket.
Tax Advice
14 Nov 2019
Earlier this year, the Government revealed electric vehicles will be exempt from company car tax in the 2020/21 tax year. So, does it pay to go electric?
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04 Sep 2017
We look at the Option to Tax exploring when you should opt to reclaim input VAT on a building or development and how you can do so.
Tax Advice
25 Jul 2016
How can a small business owner reclaim the VAT paid on allowable business expenses clocked up while visiting other EU countries?
Tax Advice
22 Jun 2016
Following George Osborne’s decision to introduce a new 7.5% rate of dividend tax we consider whether dividends are still a tax-efficient option for small business owners.
Tax Advice
16 Jun 2016
HMRC has issued you with a tax refund - should you blow it all on a lavish holiday or reinvest it in your small business? Decisions, decisions...
Tax Advice
14 Jun 2016
With corporation tax set to fall to a record low of 17% by 2020, is now a good time to set up a limited company?
Tax Advice
08 Jun 2016
We know that keeping track of all tax rules can be hard, especially as we live in an increasingly global economy. Don't fear, that's why we're here. Your business could be hit by double taxation, make sure you are prepared.
Tax Advice
16 May 2016
The deadline for filing your self-assessment tax return may still be months away, but here are 5 reasons you should consider filing early.
Tax Advice
06 May 2016
Cost cuts have been made in the most recent budget by George Osborne, benefiting small businesses in the UK. But make sure you are aware of these stealth taxes.
Tax Advice
21 Apr 2016
What happens if a small business is unable to pay HM Revenue & Customs the money it owes?
Tax Advice
08 Apr 2016
New rules introduced in this tax year change the way tax on dividend is charged and could make it more expensive to trade as a limited company. How will it affect your business?
Tax Advice
10 Feb 2016
Valentine’s Day is round the corner so it’s time to stock up on your partner’s favourite chocolates and flowers. Sometimes a card is enough to say those three magic words, ‘I love you’, especially for married couples but if that just won't cut it and you're struggling to think of something orginal then you could turn to HMRC.
Tax Advice
05 Jan 2016
The festive season is over, the New Year fireworks have long since faded, so now it’s time for small business directors and sole traders to turn to the serious January business of the dreaded self-assessment tax return.
Tax Advice
28 Oct 2015
Changes in the tax rules mean many landlords will see their profits decrease. So how can they mitigate the impact of the removal of mortgage interest relief?
Tax Advice
Tax Advice
01 Dec 2014
There is a massive change about to take place for VAT registered businesses who supply cross border EC supplies of digital services to consumers. Make sure you're ready.
Tax Advice
30 Jul 2014
Despite it being alleged that it’s the footballing megastar’s father who has control over the family’s finances, judges have confirmed that Lionel Messi will probably still be prosecuted for tax evasion in the Spanish courts.
Tax Advice
14 Feb 2014
The IR35 legislation was put in place in 2006, to determine whether or not (from a tax perspective) a contractor is in fact an employee.
Tax Advice
02 Aug 2013
In these times of strained government finances, maximising tax receipts has become a key priority for the Chancellor. Make sure you don't get caught out by an inspection.
Tax Advice
09 Apr 2013
Payroll reporting requirements are changing. Find out what needs to be done.