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29th September 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... Read >
Author: Adam Singleton17th 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... Read >
Author: Livia Konstandaras17th 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... Read >
Author: Derek Cooper16th 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 ... Read >
Author: Livia Konstandaras16th 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 ... Read >
Author: Livia Konstandaras16th 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 e... Read >
Author: Livia Konstandaras16th 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... Read >
Author: Livia Konstandaras10th 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... Read >
Author: Derek Cooper08th 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... Read >
Author: JM28th August 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 ... Read >
Author: Derek Cooper18th 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... Read >
Author: Derek Cooper11th 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... Read >
Author: Jenny Thaw27th June 2009
Since the 1st November when low-duty marine diesel was phased out for all leisure boaters a few less controversial increases are being experienced.
1st December 2008 duty on marine red diesel declared for propulsion crept up by 2 pence per litre i.e. 5... Read >
Author: Keith Macgregro29th 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: MarkeD13th May 2009
Value Added Tax, specifically called 'VAT', is a unique indirect tax structure where a particular sum of money is imposed on the sale of a product or service at a particular stage. In no time, VAT has covered up the entire market in no time in global mar... Read >
Author: Article Publisher11th May 2009
The Government is launching a new scheme in April 2009 to help expectant mums stay healthy throughout the course of their pregnancy. The "Health in Pregnancy Grant" (HiPG) is a one off payment available to soon to be mothers from the 25th week of their pr... Read >
Author: Robert Palmer17th 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 Cartwright16th April 2009
National insurance contributions are paid by all employees over the age of 16 whose gross income exceeds the national insurance threshold and forms part of the taxes collected by the inland revenue. Employers also pay additional NI contributions. In years... Read >
Author: Terry Cartwright22nd March 2009
Non Compliant Umbrella Company
Specialist accountancy firm Danbro are urging contractors to wise up to the dangers of using non compliant umbrella companies.
In a recent survey of contractors who had switched to Danbro, after using another umbr... Read >
Author: Robert Basler12th March 2009
Tax Free Parties! Up to £150 for each employee and partner.
Is there enough money for the Christmas party?
Christmas can be an expensive time for employers but Company Christmas would like to remind all employers that company events for staff at t... Read >
Author: edfrench10th March 2009
Late filing of the tax return is an important issue as not only can it attract a late filing fine but also brings the accounting and finance quality into attention.
Accounting & Finance for your 2008 Tax Return - Do not Be Late
With nearly a fifth o... Read >
Author: Terry Cartwright04th March 2009
With unemployment figures at a ten year low and very few able to predict an improvement any time soon, many people are facing or fearing redundancy. Loosing your job can be one of the most traumatic experiences you can face, and in today's climate it's ha... Read >
Author: Kmberlie09th January 2009
If you are setting up in business then you should make sure you get organised from day one as far as bookkeeping goes so as to avoid any future issues with HM Revenue and Customs (HMRC).
Good bookkeeping will also allow you to plan ahead financially b... Read >
Author: Lynn Watson09th September 2008
The past few years have seen millions of Brits put at increased risk of identity theft by banks, retailers, and government departments who have failed to effectively secure the personal details of their customers and staff.
1 HM Revenue and Customs was... Read >
Author: Tristan Dunston05th September 2008
An individual savings account or ISA allows you to save up to £7,200 in total tax free in any one tax year. There are two types of ISA and these are cash ISAs and a stocks and shares ISA and the amount of £7,200 applies to the total of these two ISAs co... Read >
Author: Tim12th August 2008
One simply can�t refuse to pay tax- unless one is unemployed. If you are earning a living, you have to pay tax. In the UK, the world of tax paying is very highly regulated and controlled.
Yet despite the enforced rules and regulations, estimates indi... Read >
Author: Robert Palmer20th July 2008
Recent figures show the number of houses sold in the UK in the last five months has fallen by 32 percent compared to the same time last year. Figures by the HM Revenue and Customs which record the houses purchases of properties worth more than the initial... Read >
Author: Danielle Fletcher20th July 2008
Over recent years credit card fraudsters have been looking at different ways to try and obtain the card details of people, and those that are handed the details on a plate by the cardholder are able to access their accounts, take their money, and steal th... Read >
Author: Justin Schamotta15th May 2008
The major bank has admitted that a computer disk containing the life insurance details of nearly 400,000 customers has been lost. The disk went missing at some stage during courier transportation between a HSBC office and the office of reinsurers Swiss ... Read >
Author: Sarah Othman19th March 2008
NancollasGreer, IVA specialists, are often asked if self-employed people do an Individual Voluntary Arrangement? The short answer is yes.
When IVA legislation was written in the mid 1980s it was intended that an IVA would be used as a rescue tool to pr... Read >
Author: Robert Palmer14th 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: Carelin24th January 2008
Pegasus Construction Industry Solutions is a piece of software specifically designed for the construction and allied industries. It gives you complete control over all aspects of contract management, costing, timesheets through to payment applications and... Read >
Author: Helen01st June 2007
New Year Resolutions, do you ever keep them? Join the gym on the second January, never set foot inside after the middle of February. Yes, I know you were full of good intentions, but good intentions don't get you fit. The same goes for your cash. If you'r... Read >
Author: Katie Brown12th January 2007
Personal loans may be used to pay the tax bills. Apart from catering the traditional financial needs like buying a car, home improvements etc., it may very well cater to most of the Britons in paying their tax bills.
According to the findings of HM re... Read >
Author: Joanne22nd November 2006
The Isle of Man is another one of those jurisdictions that on the surface sounds good but isn't so good at all in practice. The Isle of Man Banking Act recognizes the contractual duty of a banker to keep the affairs of his customer confidential and the cu... Read >
Author: Ronald Edwards
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