http://www.articlealley.com en-us editorial@articlealley.com A SIPP is a form of pension plan that allows the investor to choose where their investments for their pension are made. They are also pension plans where a broad range of assets other than cash can be included. Flexible, advantageous and with a wealth of ... http://www.articlealley.com/http://sarah30.articlealley.com/what-sipps-are-2427129.html 28th May 2012 HM Revenue and Customs (HMRC) have been criticised for not informing tax payers who dispute their bills that they have the right to have their tax complaint heard by the Adjudicator. 158,598 complaints have been made over ‘unfair demands’ since Septemb... http://www.articlealley.com/http://kinsellatax.articlealley.com/hmrc-accused-of-not-properly-investigating-tax-payer-disputes--kinsella-tax-investigations-2415482.html 16th February 2012 The best thing about being self employed is being your own boss. However, while filing taxes, it can become difficult for a self employed person to know exactly what to file, when to file, and how to do it. Any UK resident who is self employed needs t... http://www.articlealley.com/http://sarah30.articlealley.com/tax-help-for-the-self-employed-2410814.html 31st January 2012 We consider whether individual voluntary arrangements can be used to avoid going bankrupt and what you need to consider before using an IVA service. If you have debts that you simply cannot repay you may be considering declaring yourself bankrupt. ... http://www.articlealley.com/http://beatmydebt.articlealley.com/how-can-an-iva-be-used-to-avoid-bankruptcy-2400299.html 22nd December 2011 If the estate of the deceased has inheritance tax owed on it, which at current levels is set at 40% for estates worth £325,000 or more, then this is payable either in part or full before a 'Grant of Probate' will be issued. The inheritance tax owed o... http://www.articlealley.com/http://ben2.articlealley.com/probate-inheritance-tax-2323317.html 28th July 2011 House prices are now 2.3 per cent lower than they were a year ago. That's the latest finding from the Land Registry who also report that property prices in England and Wales fell by 1.1 per cent in March 2011 alone. Many lenders have confirmed that hou... http://www.articlealley.com/http://timothyfrodsham.articlealley.com/house-prices-and-the-housing-market-continue-to-circle-the-drain-2318838.html 22nd July 2011 VAT Guide - Standard VAT Accounting Being VAT registered means you can reclaim VAT on purchases that you have been charged VAT on. Using the standard VAT accounting method means that every quarter you would be required to fill in a standard VAT return ... http://www.articlealley.com/http://thedavecable.articlealley.com/a-helpful-vat-guide-for-small-business-owners-contractors-and-more-2288020.html 20th June 2011 Most businesses in the UK will know well the task of filling out a VAT return; it’s something that needs to be done each quarter for all VAT registered businesses. For any new entrepreneur or business start-up just completing the company registration proc... http://www.articlealley.com/http://anthony2.articlealley.com/completing-your-company-vat-return-in-the-uk-2287620.html 20th June 2011 IR35 was introduced by the government in 1999, amid concerns that some freelance and contract workers were setting up limited companies, through which they would still effectively do the work of an employee but avoid tax by paying themselves in dividends,... http://www.articlealley.com/http://ingress.articlealley.com/ir35--the-rules-and-regulations-2240348.html 19th May 2011 BOURNEMOUTH based property agents Bournecoast say that access to cash, rather than a lender, has become the key to buying a home The market has seen a huge rise in the proportion of home buyers paying for their new homes in cash, compared to mortgaged.... http://www.articlealley.com/http://bournecoast.articlealley.com/cash-buyers-in-driving-seat-2228445.html 13th May 2011 April 29, 2011 To the delight of many residents of the United States, USA residents are now eligible for QROPS. QROPS are overseas pensions that have the ability to provide retirement planning and more. QROPS are available to UK taxpayers who intend... http://www.articlealley.com/http://qrops.articlealley.com/usa-residents-now-eligible-for-qrops-2221834.html 10th May 2011 Copyright (c) 2011 Alison Withers While it is not being much talked about in the marketplace it is becoming increasingly frequent that HM Revenue and Customs (HMRC) to reject Company Voluntary Arrangements that would previously have been accepted. A... http://www.articlealley.com/http://aliwithers.articlealley.com/hm-revenue-and-customs-is-increasingly-rejecting-cva-proposals-2046304.html 18th February 2011 The trouble with much payroll work is that it makes no difference what the size of your company, there are the same number of repetitive tasks to do. Each year end, the Employer Annual Return must be done, a P60 must be completed for each employee, all ex... http://www.articlealley.com/http://james6.articlealley.com/payroll-tasks-efficiency-2004859.html 03rd February 2011 Small and medium sized businesses have to cover all the same areas of HR and payroll as larger companies, but the unit cost is proportionately more for the smaller firms. The statutory requirements of the payroll schedule, and the specific deadlines that ... http://www.articlealley.com/http://leemalcolm.articlealley.com/payroll-in-proportion-2004664.html 03rd February 2011 Copyright (c) 2011 Alison Withers The detail of what questions will be asked before a request for a Time to Pay arrangement (TTP) can be considered is exposed in recently uploaded guidelines for HM Revenue and Customs case officers when dealing with bu... http://www.articlealley.com/http://aliwithers.articlealley.com/hm-revenue-and-customs-asks-detailed-questions-to-assess-requests-for-time-to-pay-arrears-1992791.html 28th January 2011 Copyright (c) 2010 Alison Withers In the current economic climate hundreds of thousands of businesses are struggling to meet their financial obligations to the HM Revenue and Customs (HMRC). Businesses, especially smaller enterprises, have been repo... http://www.articlealley.com/http://aliwithers.articlealley.com/time-to-pay-arrangements-can-help-businesses-manage-tax-payments-1835414.html 11th November 2010 QROPS is the abbreviation for Qualifying Recognised Overseas Pension Scheme. There are an increasing number of people who are hearing about the benefits of QROPS, but are unsure if a QROPS is a good decision for them or not. A lot of the indecision comes ... http://www.articlealley.com/http://articlelink01.articlealley.com/questions-abound-about-qrops--is-it-right-for-you-1786093.html 12th October 2010 QROPS is an abbreviation for Qualifying Registered Overseas Pension Schemes. It is a program that allows UK pension holders to transfer their funds to an offshore pension fund. This is a great way for UK expats to minimize their tax liability and get thei... http://www.articlealley.com/http://articlelink01.articlealley.com/qrops-transfer-your-uk-pension-to-an-offshore-pension-fund-1781843.html 07th October 2010 The Telegraph's recent report into the potential of HM Revenue and Customs taking direct control of every worker’s monthly pay is a potential train crash waiting to happen. After all why should we be literally "paying" for the errors of this government in... http://www.articlealley.com/http://thomthom101.articlealley.com/scary-plan-to-pay-our-wages-direct-to-the-government-1763100.html 24th September 2010 The Telegraph's recent report into the potential of HM Revenue and Customs taking direct power of every worker’s monthly pay is a potential train crash waiting to happen. After all why should we be literally "paying" for the errors of this government inst... http://www.articlealley.com/http://thomthom101.articlealley.com/salaries-could-be-controlled-by-hmrc-to-fix-tax-system-errors-1763072.html 24th September 2010 In today's economic climate many people are wondering if now is the right time to start their own business, but if you have been made redundant (or think you might be) then it can be a great opportunity. There is also a school of thought that if you can m... http://www.articlealley.com/http://sallynightingale.articlealley.com/starting-your-own-business-1710528.html 19th August 2010 Salary sacrifice is a scheme whereby an employee gives up the right to receive part of the cash pay due under his/her contract of employment. Usually the ‘sacrifice' is made in return for an employer to agree to provide some sort of non-cash benefit for... http://www.articlealley.com/http://exchangestreet.articlealley.com/what-is-a-salary-sacrifice-scheme-1627440.html 30th June 2010 Sourcing goods to sell for your home based business is exciting but also frustrating. Importing can be an economic way of buying your stock but fraught with problems for the unwary. China is probably by far the most successful net exporter throughout the ... http://www.articlealley.com/http://danieljthorley.articlealley.com/10-great-tips-for-your-import-business-1613491.html 22nd June 2010 Thousands of consumers could find themselves overpaid this month after a system error saw them sent the wrong tax codes. We explain what happened. It feels like government computer gaffes have been a weekly occurrence in recent years - not great news w... http://www.articlealley.com/http://robertpalmer.articlealley.com/have-you-been-overpaid-this-month-1585560.html 04th June 2010 HM Revenue and Customs (HMR&C) have lost their old rights in insolvencies to rank as preferential creditors, so standing first in line for some of the funds available. Nowadays they are now broadly treated like any other creditor. So, if you are having di... http://www.articlealley.com/http://markblayney.articlealley.com/difficulty-paying-vat-dealing-with-hmrc-1540501.html 11th May 2010 As many of you are aware tax can sometimes be confusing and a lot of people find themselves asking: - am I paying the right amount of tax? - what should my tax code be? - am I on the correct tax code? - what do I have to do to get it changed? All... http://www.articlealley.com/http://interpayroll.articlealley.com/am-i-on-the-right-tax-code-1456865.html 19th March 2010 Pay As You Earn (PAYE) is a withholding tax in the UK, the Republic of Ireland as well as some other nations. It's the amount collected by employers, on behalf of the government, from employees as a payment of income tax on the employee's earnings. The... http://www.articlealley.com/http://interpayroll.articlealley.com/how-is-paye-used-1456735.html 18th March 2010 For those who feel they have 'the best nanny in the world', count yourself lucky and do everything in your power to hold onto them! For those who've had some issues in the past, either with sourcing a good nanny or tackling managerial or financial issues... http://www.articlealley.com/http://keithmacgregro.articlealley.com/hiring-a-nanny-in-london-1448430.html 15th March 2010 Every day, HM Revenue and Customs petition for the winding up of companies which are unable to pay their taxes. Generally they are closed without ceremony. No so for high profile businesses such as Portsmouth football club it seems. To all intents and ... http://www.articlealley.com/http://derekcooper.articlealley.com/winding-up--are-the-rules-different-for-high-profile-companies-like-portsmouth-fc-1403388.html 18th February 2010 Pre-pack administration or phoenixing can be a useful business rescue solution. However, businesses may be prevented from taking advantage of this option because of an HM Revenue and Customs requirement for a VAT deposit. If a business is in financial ... http://www.articlealley.com/http://derekcooper.articlealley.com/beware-the-hmrc-making-it-difficult-for-pre-pack-administration-1330573.html 07th January 2010 If your company is in financial difficulty, you may be better off undertaking a Company Voluntary Arrangement rather than struggling to raise the funds necessary for a Pre-Pack Administration. Over the past 12 months, much has been written in the press... http://www.articlealley.com/http://derekcooper.articlealley.com/if-your-business-is-in-trouble-consider-a-company-voluntary-arrangement-1252957.html 25th November 2009 The government's tax and VAT Time to Pay scheme designed to help companies with their cash flow during the recession, may be more difficult to use if the business support centre is closed. Whatever the outcome of the changes, it seems likely that the numb... http://www.articlealley.com/http://derekcooper.articlealley.com/government-tax-and-vat-time-to-pay-scheme-under-threat-1239503.html 19th November 2009 Many employed workers, especially trained professionals, trades personnel and budding entrepreneurs dream of starting their own business. Unfortunately many potential new business owners dismiss that thought and instead labour on in someone else's employ ... http://www.articlealley.com/http://adamsingleton.articlealley.com/setting-up-as-a-sole-trader-is-a-lot-easier-than-you-may-think-1231962.html 13th November 2009 Inheritance tax (IHT) is something that is unavoidable for most people. And for property owners, the position is likely to be worse than many others, largely because they are likely to have significant assets that cannot easily and quickly be realised, in... http://www.articlealley.com/http://adamsingleton.articlealley.com/inheritance-tax-for-property-owners-1133780.html 29th September 2009 Taxes are an unsavoury business but they are one of the two facts of life (the other, or so we are told, is death). Unfortunately however the unpleasant nature of filling out tax returns, book keeping and filing documents means that many tax payers overlo... http://www.articlealley.com/http://liviakonstandaras.articlealley.com/making-sure-your-taxes-are-in-order-1096728.html 17th September 2009 There is no guarantee of a success when undertaking a Phoenix or Pre-pack. Following the tips below will help get off to the best start possible. The term Pre Pack liquidation or Phoenixing is used to describe the process where the assets (and often th... http://www.articlealley.com/http://derekcooper.articlealley.com/tips-to-ensure-a-successful-prepack-or-phoenix-1095067.html 17th September 2009 The UK tax system involves a whole host of different slips, forms and certificates: P60s, P14s, P45s, P46s… it can all get a little confusing. If you're just getting started as a professional it can be hard to know which ones of these are crucial and wh... http://www.articlealley.com/http://liviakonstandaras.articlealley.com/why-you-need-a-p60-1091247.html 16th September 2009 Being self employed or owning your own business has many advantages, it allows you to be your own boss and work around your own schedule, it means you can work in your pyjamas with your music on, and it means that you get to reap the benefits of your own ... http://www.articlealley.com/http://liviakonstandaras.articlealley.com/tax-for-the-self-employed-1089369.html 16th September 2009 P45 - A P45 slip is a form that contains all of the employee's wages and tax issued during the duration of their employment that they receive upon termination of said employment. This is then passed to the next employer so that the earnings and tax each ... http://www.articlealley.com/http://liviakonstandaras.articlealley.com/a-quick-guide-to-various-wage-slips-and-forms-1087968.html 16th September 2009 Payslips are handed out to employees regularly, often on a monthly basis to confirm the amount that has been transferred into their account, and these should be kept for future reference. The really important wage slips however is the P60 that you receive... http://www.articlealley.com/http://liviakonstandaras.articlealley.com/what-to-do-if-your-payslips-are-lost-or-invalid-1087336.html 16th September 2009 During the coming months of economic difficulty, more and more companies are likely to struggle. Within this environment, one of the debts which a business may find difficulty to maintain is the rent payments on their premises. Where this is the case land... http://www.articlealley.com/http://derekcooper.articlealley.com/how-to-prevent-a-landlord-seizing-goods-in-lieu-of-rent-1077299.html 10th September 2009 The UK's HM Revenue and Customs (HMRC) announced on August 27 that a new Tax Information Exchange Agrement (TIEA) with Gibraltar has been signed by representatives of each government. The agreement was initialed in London on August 24 by Lord Myners, F... http://www.articlealley.com/http://jm2.articlealley.com/uk-and-gibraltar-sign-tiea-1073839.html 08th September 2009 In November 2008, the Chancellor of the Exchequer announced a fast track service to allow companies to apply to defer their corporation tax bills. In order to qualify for the deferment scheme, the business must agree their requirement with HM Revenue and ... http://www.articlealley.com/http://derekcooper.articlealley.com/company-tax-deferral-is-a-recipe-for-company-failures-1053617.html 28th August 2009 Figures in a recent National Audit Office Report show the amount owed to HM Revenue and Customs (HMRC) in the form of unpaid income, corporation and VAT has risen dramatically from £2.7bn in 2007-2008 to £28bn in 2008-2009. The reason for this rise sugg... http://www.articlealley.com/http://derekcooper.articlealley.com/hmrc-debts-on-the-increase-leading-to-winding-up-petitions-1040272.html 18th August 2009 Danbro, the award-winning specialist accountancy firm for contract and freelance workers, is warning contractors to ensure they do genuinely fit the criteria of being self-employed ahead of a likely government crackdown. The government is currently consu... http://www.articlealley.com/http://alexaskew.articlealley.com/are-you-really-selfemployed-1031205.html 11th August 2009