Bookkeeping, Accountancy and Taxation services
I have a company client and they have taken a number of loans in recent years that remain outstanding, business is improving and the company is going to start paying interest on those loans. They have a mixture of loans; one from the director, one … Continue reading Tax Question Of The Week – Duty To Deduct Tax
Q: A married couple own a property that is their main residence and are entering into a transaction to purchase two dwellings that are next to each other, one of which will be their new main residence. They have been advised they will have to pay the … Continue reading Tax Question Of The Week – SDLT Higher Rates Transaction
1) Don’t pay by cheque Brown decided for periods 11/14 onwards that he would stop paying his VAT electronically and instead send a quarterly cheque payment to HMRC. This meant he lost the extra seven days you get for paying electronically (one … Continue reading Ten Points To avoid VAT default surcharges
Q: Jack and Jill started living apart in November 2018 but there was then no contemplation of a divorce. In May 2019 they discussed their situation and at that point in time decided to get divorced. They agreed to get divorced in January 2020. … Continue reading Tax Question Of The Week – Date Of Separation For CGT
This month we are focusing on Limited Company - Company Secretaries. This week we look at whether a Company Secretary can sign legal documents? There is another option available to companies under English law, that having a contract executed by the … Continue reading Terrific Tuesday Tax Tip – Can A Company Secretary Sign Legal Documents?
When completing your tax return there may be allowances you can claim to legally and ethically reduce the taxable profits. One way is with Annual Investment Allowance (AIA) When your business buys a piece of equipment that qualifies for the annual … Continue reading Terrific Tax Tip – AIA and WDA
Should you reduce your July payment? The second payment on account deadline of 31 July is fast approaching. Payments. If you have significant income that isn’t taxed through PAYE (or otherwise at source), it is likely that you make payments on … Continue reading Terrific Tuesday Tax Tip – July Deadline
This month we are focusing on: Accounting Software And this week we explore further: Why it's good to use an accountant that embraces modern technology & software? Technology and software is constantly evolving to help resolve problems and … Continue reading Terrific Tax Tip – Accounting Software
This month we are focusing on: Accounting Software And this week are looking at: Why it's good to use an accountant that embraces modern technology & software? Technology and software is constantly evolving to help resolve problems and improve … Continue reading Terrific Tax Tip – Accounting Software & Your Accountant
This month we are focusing on: Accounting Software And this week are looking at: Why is software legal? To assist with important decision making within a business you need to have up to date and accessible software to record your financial … Continue reading Terrific Tuesday Tax Tip – Software
This month we are focusing on: Accounting Software And this week are looking at: Why Is Software helpful? The first covers Making Tax Digital which will require all businesses eventually to submit returns quarterly online via an approved software … Continue reading Terrific Tax Tip – Accounting Software
This month we are focusing on: Accounting Software And this week are looking at: Cloud Based vs Desktop To assist with important decision making within a business you need to have up to date and accessible software to record your … Continue reading Terrific Tuesday Tax Tip – Accounting Software
