Tax Saving Accountants

Advantages of being a Sole Trader

Have you considered starting your own business? Starting off as a sole trader is one of the most popular choices for many  reasons… When opening your own business, you might have given some thought and consideration on becoming a sole trader, also known as a sole proprietor. It is the most popular way of starting […]

Tax Saving Accountants

BEWARE: Cyber Criminals Attack Target Self-assessment Taxpayers

Millions are being bombarded with fake HMRC phishing emails With just a few weeks to go until the deadline for self-assessment tax return for the 2014/15 financial year, millions of taxpayers are reporting the increase of fake phishing emails from cyber criminals purporting to be HM Revenue and Customs (HMRC). As many as 40pc of […]

Tax Saving Accountants

Is My Small Business Ready for an Accountant?

As a small business, you may think you can’t afford an accountant. But when you evaluate how long it takes to do a task yourself, can you say it’s a good use of your time? Appointing an accountant can help lift a huge weight off your shoulders, because unless you’re an expert in the field, […]

Tax Saving Accountants

VAT Registration: Who Needs it and How to Register

Everything a new or small business needs to know about VAT Registration?   If your business meets the certain criteria then you will be expected to register for VAT. Even if you are not required to, it can be beneficial for some businesses. Here we explain to both new and small businesses what the criteria […]

Tax Saving Accountants

Have You Heard About HMRC’s New Online Tax Return System?

This brand new service is part of the initial steps towards a fully digitalised tax system. Tax returns are still an annual burden for many, but this year millions should expect to be redirected to a brand new and easier online tax return system by the end of December to complete their self-assessment. The service […]

Tax Saving Accountants

Tax on Sugary Drinks Backed by MPs

Tax on sugary drinks are being implemented to target child obesity in the UK, MPs say The Commons Health Committee has recently published a hard-hitting report, with compelling evidence which puts pressure on ministers, for the long-awaited 20% tax on sugary drinks to fight child obesity in the UK. The report claims “One fifth of […]

Tax Saving Accountants

Council Tax To Rise By a Staggering £200 by 2020

Local Government Association warns of the council tax bills that are due to cost £200 more for band D properties Chancellor George Osborne has given extra fundraising powers to local authorities, by allowing any who are responsible for adult social care to increase council tax by 2pc above the existing limits – costing Band D […]

Tax Saving Accountants

Debenhams is Bringing the Dreaded Santa Tax Back

Once again suppliers are being squeezed in the run up to Christmas with the return of the dreaded Santa Tax for the third year in a row. Debenhams, for the second time in three years, has frustrated its suppliers in the run up to Christmas by demanding a 1 to 2pc reduction on bills in […]

Tax Saving Accountants

Self-Employment Skyrockets!

The latest ONS figures show that self-employment is here to stay After seven months of being in decline, the UK has seen the figures of self-employment rise significantly. The report was published by the Office for National Statistics (ONS) November 11th 2015. The number rose by 30,000 during the third quarter of 2015. Which is a […]

Tax Saving Accountants

HMRC’s Negligence Regarding Incorrectly Filled Tax Returns

Millions left in the dark regarding their tax returns, PAYE slips and other financial documents due to unanswered HMRC phone calls In the first half of the year, the HMRC were only able to successfully answer half of all calls made to them. With 39pc of inquiries dealt with within five minutes. As a result, […]

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