The VAT flat rate rate scheme asks traders to pick a category that matches their trade from a list provided … Read More
A recent tax case highlighted the need to send all copies of all HMRC letters to your accountant! The case … Read More
Charities can use the Gift Aid Small Donations Scheme to claim back tax on donations up to £8,000 (was £5,000 … Read More
PAYE and NI deducted from salaries has to be paid by the employer to HMRC. This is the normal system … Read More
HMRC have implemented an online personal account that is available to everyone with a National Insurance Number even if you … Read More
Sole trader and partnerships with turnover up the the VAT threshold are allowed to prepare their income and expenditure account … Read More
Pension contributions made by an employer are tax free (within limits). Contrast that with medical insurance paid by the employer … Read More
You may have heard about new accounting rules which are being introduced as a result of the EU Accounting Directive, … Read More
Capital gains tax rates on sale of shares in unlisted trading companies are currently 10% for basic rate tax payers … Read More
If you did not need to complete a 2015 tax return, but do need to complete one for 2016 (tax … Read More