The summer heatwave seems a distant memory, and England's world cup exploits again in the history books. As Christmas approaches, and the air is crisper how has the high street fared? Is it heading down like Santa down a chimney? Or is it flying high … Continue reading Death Of The High Street
Christmas sees the team at Avanti working as hard as the elves in Santa's workshop as we aim to submit all clients tax returns online.on time.no fine for the 19th consecutive year. The 31st January 2018 saw a huge 10.7 million customers submitting … Continue reading Christmas? Tax Return Season Is Here!
A Lords committee has issued a scathing report on HMRC’s Making Tax Digital (MTD) for VAT program, attacking HMRC’s unrealistic timeframe, lack of communication with businesses, and failure to improve following previous criticism … Continue reading Avanti’s Info Snippets
A client called us today after receiving a reminder from HMRC to submit a return for the tax year end 5th April 2018 by the deadline date of 31st January 2019 despite submitting her return in July. Thankfully for the client, Avanti handle her tax … Continue reading HMRC Issue Reminders in Error!
It’s a pretty basic question: “What can I claim for when I work from home?” However, the answer is straightforward only when you recognise the variations in practice. The self-employed are subject to very different rules compared to employees, and … Continue reading Expenses Guidelines for Sole Traders & Partnerships
It’s important that you do not get confused between what you can claim as a limited company, what you can claim if you are self-employed, and what can be claimed for VAT and Tax. This factsheet will help clarify what expenses you are allowed to be … Continue reading Guide to Expenses for Limited Companies
Call to modernise inheritance tax collection Too many people have to fill in inheritance tax (IHT) forms, and the process is complex and old fashioned according to the Office of Tax Simplification (OTS), which says HMRC should look to improve the … Continue reading Avanti’s info snippets
While Theresa May tries to convince leaders and parliamentarians both home and away as the Brexit deadline approaches, a recent survey shows that British consumer confidence has fallen to its lowest level since the referendum result shocked the … Continue reading Brexit – Consumer Confidence Crashes
HMRC has issued a warning to university students that they are being targeted by scammers with fake tax refunds in an effort to steal money and personal details, after receiving thousands of fraud reports in just a few weeks from students at colleges … Continue reading Avanti’s info snippets
Please note, our Ipswich office will be closed from the 21st December - 1st January inclusive. The team will be back in, and office open for clients to drop off paperwork etc from the 2nd January 2019. During this closure, emails will be … Continue reading Christmas Closure Dates
The Treasury has confirmed that Gladstone, 1 Horse Guards Road's resident cat with specific mouse hunting duties, is not costing taxpayers a penny this year … Continue reading Avanti’s Info Snippets – Treasury’s Cat Not Creaming Off The Cash
We have received several cases where a client’s Self-Assessment Tax Calculations has not included a Class 2 National Insurance Contribution on it. The reason for this is due to the client registering as self-employed around the tax year 15/16, … Continue reading Class 2 NICs News Alert