….Are you aware of the changes? The VAT Flat Rate Scheme simplifies businesses’ record keeping, and makes it easy to work out the VAT they have to pay. However as of 1st April 2017 the scheme changed, as announced by the Chancellor in his Autumn Statement last year. So, how does it work? Normally a
Author Archives: Gillian French
Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
Self-Assessment Tax Return Mistakes and How to Avoid Them.
There are a number of common self-assesment / tax return mistakes that can hold things up (possibly leading to a penalty fee), cause you problems or even prompt HMRC to look more closely at you. So it’s best to be aware of them and make sure you don’t make them! The easiest way to avoid
Allowable Limited Company Expenses, Government Support & Reliefs, Year-End Preparation Tips
This HMRC loophole is a corker!!
All the major retailers have rolled out their festive TV ads, people are bustling about with carrier bags full of presents and rolls of wrapping paper, so that means we are officially allowed to say the “C” word, yes, “CHRISTMAS”!!!! As a business owner, you may well be thinking about how to give something back
All about the VAT Flat Rate Scheme The VAT Flat Rate scheme was introduced in 2012 and it can be used by sole traders, partnerships and limited companies if they satisfy HMRC requirements. Unlike the standard VAT accounting , where you have to pay VAT on the basis of the difference between purchases and sales
As we are fast approaching the season of good cheer and all that, remember that the staff Christmas party is the one time that the taxman seems to raise a glass and allow a little seasonal tax relief.