Tax Saving Accountants

Make sure you pay your taxes, HMRC closes in

HMRC has revealed interesting new figures which show growth in the revenue they have recouped from people who have tried to avoid or evade tax. In the past 12 months, the total sum of the money claimed towards government coffers stood at £21 billion. When compared with the figures from 2005 – £6.9 billion – […]

Tax Saving Accountants

Should there be more tax breaks in infrastructure?

Tax has the potential to undergo massive change at the moment, and according to KPMG, one of the adjustments made by the government should be in relation to infrastructure. According to research, small and medium-sized businesses should be able to receive further tax breaks when it comes to capital investment. If this were to happen, […]

Tax Saving Accountants

Is the pressure on for small businesses this Christmas?

New research by the firm XLN Business Services suggests that the festive season will be the busiest time for small business owners – despite the difficult situation with regards to consumer spending. Because of the tough economic climate, those who rely on themselves for work don’t have the benefit of paid leave, and could end […]

Tax Saving Accountants

Federation of Small Business asks for help in Autumn Statement

As George Osborne saddles up to make his Autumn Statement – a taster if you will of what’s to come in the 2013 budget – the Federation of Small Business has asked the Coalition government to do more to help start-ups. Although the personal allowance for income tax has risen and the upper tax rate […]

Tax Saving Accountants

Things heat up with Google, Starbucks and Amazon

Small businesses are lining up to criticise corporations such as Google, Starbucks and Amazon over their tax arrangements. Executives from all three giants have faced an interrogation by the Public Accounts Committee at the Houses of Parliament. Companies such as Starbucks say that their operations in the UK are largely unprofitable, but according to some […]

Tax Saving Accountants

The deadline for sending paper tax returns has passed

If you are sending your tax return on paper, rather than online the deadline is midnight on the 31st October. You will need to send a tax return if you are, for example, self employed, a company director, receiving taxable income from overseas or having to pay tax that cannot be collected through PAYE. To […]

Tax Saving Accountants

How accountants can boost your business

Taxes can be complicated, unless you’re well versed in the matter. If you do find taxes to be a struggle, it might be worth investing in an accountant, especially because the consequences for getting your taxes wrong, particularly over a long period of time, can be severe. If you have a complicated financial situation, then […]

Tax Saving Accountants

HMRC getting tough on SMEs filing paper returns

HM Revenue and Customs have announced their latest tranche of measures to deter people from submitting paper-based tax returns, with a £100 penalty even if submissions arrive just a day late. Some have jumped up to say this is rather unfair, not least because HMRC gives people who file their returns on the Internet an […]

Tax Saving Accountants

Starbucks tax avoidance: Is it fair?

There's a big controversy brewing regarding Starbucks, and their tax arrangements in the UK. Many independent coffee shop owners have expressed outrage that Starbucks has managed to pay very little in the way of corporation tax, while smaller and less resourceful cafes pay a larger contribution. Some people have even called for a boycott of […]

Tax Saving Accountants

Do you pay into a pension?

Alarming research from Prudential suggests that as many as 46% of small business owners do not contribute regularly into a pension fund – even though they are self-employed and are not automatically enlisted into a scheme. The main reasons for this appear to be the fact that many businessowners believe that they are not going […]

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