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29th September 2009
Many governments around the world are extending and tightening controls over cross-border transactions between companies within the same group, as they look for new sources of tax revenue, according to KPMG.
Businesses operating in countries such as C... Read >
Author: JM17th September 2009
The complete process of earning money and saving it is complex and gruel some, especially if it is complimented with taxation policies. Corporate Taxation is the income tax that is to be paid on the profits of the company. Taxable profits are calculated b... Read >
Author: Article Publisher03rd September 2009
The Flat Rate Scheme was introduced as an easy way for small businesses to calculate their VAT liability.
The Flat Rate VAT scheme is available to businesses with a taxable turnover below £150,000 excluding VAT (also exempt and non-taxable sales shoul... Read >
Author: wbdoyle02nd September 2009
Danbro, the award winning specialist accountancy firm for contractors and temporary workers, are advising agencies to be tentative with the way they manage their construction industry scheme (CIS) contractors.
The Construction Industry Scheme (CIS) set... Read >
Author: Jenny Thaw25th August 2009
Danbro, the award winning specialist accountancy firm for contractors and temporary workers, are advising agencies to be tentative with the way they manage their construction industry scheme (CIS) contractors.
The Construction Industry Scheme (CIS) set... Read >
Author: Jenny Thaw19th August 2009
Since the recession started hitting consumer’s pockets, making the most of your money has become something of a national obsession.
With interest rates plummeting to all time lows, even those conscientious enough to save have had to spread their net... Read >
Author: Graeme Knights01st August 2009
Aborted Sales at 29% For June
The Quick Move FTI* falls for the fourth month in a row.
So are we witnessing a recovery? Well the answer is yes and no.
Yes some homeowners are now prepared to sell and there are some buyers out there. This is a res... Read >
Author: SearchPath27th July 2009
It is becoming increasingly common that a company's creditors take action against it for unpaid debts in the form of a Winding Up Petition. If the debt remains unpaid and a winding up order is granted, the court will appoint a liquidator and the company w... Read >
Author: Derek Cooper19th July 2009
When you move away from the UK there is always the problem of what to do with your UK pensions. Now there is a solution that not only allows you to take your pension with you but also helps to deal with that old problem of buying an annutiy. The answer ... Read >
Author: Barry Davys17th July 2009
Contractors and freelancers who choose not to be permanent employees and work flexibly for many clients have been targeted by UK tax legislation called IR35.
IR35 tax legislation is designed to tax as if they were 'disguised employees' workers providin... Read >
06th July 2009
Specialist accountants for contractors, Danbro, are advising businesses that engage self-employed sub contractors to ensure they cannot be classified as workers.
Following the HMRC V Stringer case last month, the House of Lords ruled that workers can ... Read >
Author: Jenny Thaw06th July 2009
Warning over Holiday Pay Claims
Specialist accountants for contractors, Danbro, are advising businesses that engage self-employed sub contractors to ensure they cannot be classified as workers.
Following the HMRC V Stringer case last month, the Ho... Read >
Author: Jenny Thaw26th June 2009
According to HMRC's world famous slogan "Tax doesn't have to be taxing". Yet with 16 pages Standard Tax Calculation Guide and even more 34 pages comprehensive Tax Calculation Guide, this HMRC mantra doesn't seem to be of much help anyways! So now that you... Read >
Author: Article Manager12th June 2009
Large rises in income tax are due to take effect from next April for people earning over £100,000.
New rates of tax were announced by the Government in the recent budget and they are going to hit many of our clients hard! This is because our clients ... Read >
Author: Ray Prince04th June 2009
Until now it has not been possible to have access to your frozen UK pension legally and with the permission of the UK tax authorities.
This has been primarily because, in return for the tax-relief an individual receives on their pension contributions,... Read >
Author: Robert Adviser03rd June 2009
As a small business, it may be hard to imagine paying more tax on income that you have perhaps been used to as an employee at another business, I personally can?t imagine voluntarily paying tax or national insurance to the government however for all our h... Read >
Author: Terry Cartwright29th May 2009
The Government’s Child’s Trust Fund scheme is designed to give your child a running chance at saving for later life. The project, which sees a £250 voucher distributed to all eligible children, aims to meet four key objectives: to give your child a h... Read >
Author: pmcindoe29th May 2009
How to pinch pennies on your gas and electricity when the office is the room next door
There's nothing like rolling straight out of bed and into the office. And when ‘the office' is actually just a bedroom away, it's easy to get to work in your favou... Read >
Author: MarkeD12th May 2009
Income tax calculator in accounts ledger with tax income rates calculation in finance accounts 2008 tax return to produce net taxes financial profit Paye tax calculator and salary tax calculator are essential features of payroll tax calculations to calcul... Read >
Author: Terry Cartwright17th April 2009
The Inland Revenue tax authority has been around since 1665 and until 2005 was a direct taxation department where in all the matters with regard to taxation and its various policies were resolved by the British Government. Income tax, national insurance c... Read >
Author: Terry Cartwright15th April 2009
You can visit HMRC Inland Revenue online where you can log in and sort out your tax related issues. The inland revenue website itself offers a huge amount of help and provides all manner of information regarding income tax, value added tax and any other f... Read >
Author: Terry Cartwright09th April 2009
Are you looking for a bookkeeper and don’t know where to start and don’t know what the options are?
As a small or medium sized business owner, finding a competent bookkeeper can present significant challenges because:
• You will most likely o... Read >
Author: Ben Mekie12th March 2009
Following hard on the heels of the loss of 25 million child benefit records the Government agency, HMRC is to introduce some strict measures to prevent this type of loss in future; some would say this is shutting the stable door but better late than never... Read >
Author: Chris Eden20th February 2009
The company accounts year end reports to HMRC and Companies House are different for small private limited companies. Companies House accept abbreviated year end accounts including a profit statement and balance sheet with notes and statutory statements.
... Read >
Author: Terry Cartwright16th February 2009
The aim of the HMRC is to remove the tax advantages from contractors who are selling their services via partnerships, under umbrella or managed service companies. It is viewed that contractors are, in effect, full time employees and should be taxed accord... Read >
Author: Mary Ofili16th January 2009
iris London has been appointed by the Central Office of Information (COI) to handle a campaign for HM Revenue & Customs, following a competitive pitch. iris will be tasked with communicating a range of Government entitlements available to new parents, to ... Read >
Author: tugsearch09th January 2009
The credit crunch has made the criminal fraternity even more determined to separate us from our hard earned cash.
Some of the latest scams are cleverer than ever; take the email currently doing the rounds, it says the most destructive virus ever is com... Read >
Author: Chris Eden08th January 2009
Umbrella Companies
After the Pre Budget statement, the Treasury released this statement
5.104 Following the consultation Tax relief for travel expenses: temporary workers and overarching employment contracts, the Government have decided to leave the... Read >
Author: Robert Basler05th January 2009
The current headlines in the news media could make people think that everything is doom and gloom on the money front for businesses. In fact the reverse is true if you are a business that can prove you are making some kind of innovation. There is money wa... Read >
Author: Katy Ortega05th January 2009
The current headlines in the news media could make people think that everything is doom and gloom on the money front for businesses. In fact the reverse is true if you are a business that can prove you are making some kind of innovation. There is money wa... Read >
Author: Katy Ortega05th January 2009
The great British actor Sir Michael Caine has a famous catch phrase “Not a lot of people know that” and this could well be applied to the world of R&D Tax Credits. In these credit crunch times, where money is tight, it is amazing just how many compani... Read >
Author: Katy Ortega05th January 2009
The great British actor Sir Michael Caine has a famous catch phrase “Not a lot of people know that” and this could well be applied to the world of R&D Tax Credits. In these credit crunch times, where money is tight, it is amazing just how many compani... Read >
Author: Katy Ortega19th December 2008
Umbrella Companies
After the Pre Budget statement, the Treasury released this statement
5.104 Following the consultation Tax relief for travel expenses: temporary workers and overarching employment contracts, the Government has decided to leave the ... Read >
Author: Robert Basler30th November 2008
The rules surrounding what can and can’t be claimed back on tax and VAT when it comes to Christmas entertaining and gifts for staff or clients can be quite ambiguous and often many business owners don’t realise the conditions associated with the rules... Read >
Author: Lynn Watson21st October 2008
A new employer needs to register with HMRC as an employer and operate a PAYE scheme and make important checks on each new employee recruited and complete the initial paperwork to set up the employees pay records of tax national insurance and personal deta... Read >
Author: Terry Cartwright06th October 2008
HRMC clarified the way in which additional fuel duty is to be collected from the 1st November 2008, at the Southampton Boat Show. It will affect private pleasure craft owners when purchasing red diesel for propulsion and to a lesser extent when purchasing... Read >
Author: Neil Dennis23rd September 2008
In order for a sole trader to be able to keep basic tax accounts certain conditions regarding the status of business accounts must be satisfied. Sales turnover should be under the vat threshold limit, a balance sheet not required, a business bank account ... Read >
Author: Terry Cartwright24th August 2008
Value added tax is a crucial concept that all business owner needs to understand and know. It is very crucial for all organizations to have a clear idea about its concept, in order to successfully run a business. It is extremely important to understand ab... Read >
Author: Article Manager21st July 2008
The P46 is more than just a document required by HMRC. It also serves as a record of entitlement for Home Office requirements that employers ensure that their employees are entitled to work in the UK. Ceridian’s Simon Parsons explains.
Taking on a n... Read >
Author: Jason Taylor21st May 2008
After twelve months of increasingly dramatic press headlines about failures to safeguard personal data records, it’s time to assess the size of the issue and identify best practice steps for reducing the incidence of, and damage caused by, these data br... Read >
Author: Alan Calder07th May 2008
After twelve months of increasingly dramatic press headlines about failures to safeguard personal data records, it’s time to assess the size of the issue and identify best practice steps for reducing the incidence of, and damage caused by, these data br... Read >
Author: Alan Calder27th April 2008
The SIPP Trustees can borrow from a commercial lender to buy commercial property. The amount that can be borrowed is a maximum of 50% of the net asset value of the SIPP immediately prior to the borrowing and will take into account any existing borrowing. ... Read >
Author: Emma Bunting14th March 2008
Taxes are important and should be paid. They are the money that we pay to the government so that the government can serve us better. However, payment of taxes is a complicated problem. There can arise many disputes from tax inspection and enquiries by var... Read >
Author: Carelin14th March 2008
Paying taxes to local and national governments is something that we are all required by national law and it just makes only a part of our duties as a citizen. Taxes are paid for many reasons, not only to fund the government, but also to enable the governm... Read >
Author: Carelin11th March 2008
There's bad news for pleasure boaters in the UK as the Government makes known its verdict on Red Diesel's future.
But first...
What is Red Diesel?
Up until now, UK leisure boaters have been able to fuel their boats with red diesel which is subjec... Read >
Author: Simon White16th January 2008
The latest security lapse where the HMRC ( Her Majesty's Revenue and Customs Service) has 'lost' a CD containing names, addresses , NI numbers, dates of birth etc of up to 15,000 Standard Life customers has provided a new round of concerns about security ... Read >
Author: Chris Eden03rd September 2007
Payroll: Salary Sacrifice
Employers are increasingly using salary sacrifice to manage employee remuneration. This raises the employee’s perceived value of their reward package, and forms a large part of Human Capital Management. But times have chang... Read >
Author: Jason Taylor17th August 2007
Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield £3billion into th... Read >
Author: Adam Singleton14th August 2007
The recent torrential rainfall that has plagued parts of the country has had a devastating, potentially fatal effect on thousands of small businesses throughout the UK. In the space of five weeks, severe flooding has impacted on almost 500,000 properties ... Read >
Author: Andrew Regan13th November 2006
One of a series examining the different types of government benefits, this guide looks at some of the options available to assist those who’re on a low income and are struggling to support themselves or their families.
Income support – this is a ... Read >
Author: Benedict Rohan09th November 2006
There’s a wide range of government benefits to support you as you bring up your family if you’re on a low income and need assistance. This is a brief guide to some of the key benefits that you may be eligible to receive.
Child benefit – almost ever... Read >
Author: Benedict Rohan25th July 2006
Special Commissioners decision changes view on Franchises Goodwill
In 1996, 32 Pizza Express franchisees sold their businesses back to the franchisor Pizza Express.
Two of these businesses claimed capital gains tax rollover relief in respect of the ... Read >
Author: Joel Bissitt
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