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- Tax Saving Accountants
- 21 Feb 13
HMRC has food for thought
HMRC are beginning to launch specific tax crackdowns in certain regions and in particular industries. One example reported recently was that East Anglia fast food companies may be subject to more rigorous checks. In this particular instance, up to 5 million could be added to the Treasury’s funds, contributing to the 7 billion in annual […]
- Tax Saving Accountants
- 21 Jan 13
Why do HMRC need to cut costs?
HM Revenue are currently battling swinging cuts that total up to £955 million over the course of each year. It says that it’s currently too big, and in actuality it is costing us more money than it is bringing in by recouping lost taxes. Some of the ways in which HMRC are going to trim […]
- Tax Saving Accountants
- 14 Jan 13
HMRC to move away from premium numbers
With many people waiting for many minutes – and in some cases hours – to get through to a customer services representative at HMRC – there has been widespread anger that the company which provides telephone services for the taxman has been making hundreds of thousands of pounds because of how 0845 numbers are used. […]
- Tax Saving Accountants
- 29 Dec 12
Making online self-assessments a hassle-free experience
Accountants are there to take the stress out of self-assessments. In addition, there are ways that you can make the process of crunching the numbers easy for yourself throughout the year. You might want to make sure you start work well before the January 31 deadline for online submissions. Getting everything to your accountant early […]
- Tax Saving Accountants
- 21 Dec 12
The big question: Should young part-time workers pay tax?
The summer has been and gone, but The Independent certainly has an interesting story – a company who rejected a 15-year-old boy’s application for part-time work because he hadn’t paid tax on his previous earnings. Even though the company may have been a bit strict, one of the biggest issues that face small businesses is […]
- Tax Saving Accountants
- 14 Dec 12
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
- 7 Dec 12
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
- 29 Nov 12
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
- 7 Nov 12
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
- 23 Oct 12
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 […]