If you’re thinking about starting up, you must carefully consider whether to form a limited company straight away or hold off for a while and become a sole trader. You may think forming a limited company will save you tax and must therefore be the best route. However, many start-ups incur considerable costs in their [...]
Posts Tagged ‘HMRC’
Should you start up as a sole trader or form a limited company?
Posted in Formation, tagged accounting, cost, HMRC, limited company, profit, sole trader, Tax on 26 April, 2010 | 2 Comments »
PAYE – new late-payment penalty legislation for the 2010-11 tax year
Posted in Tax, tagged Bookkeeping, HMRC, late payment, NI, Tax on 22 April, 2010 | Leave a Comment »
We’ve seen many new taxes come in under the radar over the past few years, but for me, this is probably the most badly thought-out, badly communicated of the lot. And once again, it’s being left to accountants and tax advisors to communicate the bad news. If you employ staff, you’ll be familiar with the [...]
Organisation – the key to making tax less taxing
Posted in Finance, Tax, tagged Bookkeeping, HMRC, money, PAYE, Tax, VAT on 26 February, 2010 | Leave a Comment »
Tax is never a popular subject – made even less so by recent revelations that HMRC has got many of our tax codes wrong, meaning excessive charges for some. Mistakes by HRMC aside, ‘tax doesn’t have to be taxing’, as the saying goes. If small firms take the time to keep their books in order throughout the year, a mad dash at key dates in the taxation calendar can be avoided.
When to register for VAT
Posted in Tax, tagged Business Plan, Cashflow, HMRC, Tax, VAT on 22 January, 2010 | 1 Comment »
So, you’ve recently set up or are about to start your business and you want to know what to do about VAT. You should do this when you draw up your business plan and cashflow forecasts, because it could affect your profitability.
Online filing tips for the January deadline
Posted in Tax, tagged deadline, HMRC, Online filing, penalties, Tax, tax return on 15 January, 2010 | Leave a Comment »
The deadline for submitting your tax return is fast-approaching. Below are some tips to help make this an easier process.
Prepare for the VAT rate rise in January 2010
Posted in Tax, tagged HMRC, invoice, tax point, VAT on 22 December, 2009 | Leave a Comment »
Just as you were getting used to the VAT rate at 15 per cent, it’s nearly time for the rate to change again. From the 1 January 2010, the rate will be going back up to 17.5 per cent, after 13 months at the lower level.
Lifting the lid on accountants’ fees
Posted in Finance, Tax, tagged Accountants, HMRC, tax return on 7 December, 2009 | 1 Comment »
Historically, accountants have charged large fees for preparing the accounts and completing the tax returns for businesses.
Latest online scam hits taxpayers
Posted in Advice for your business, Finance, Tax, tagged HMRC, phishing, scam, Tax, trojans on 16 November, 2009 | Leave a Comment »
It looks like fraudsters used the run up to the October tax deadline to ramp up a scheme to gather private information from people. It seems a more dangerous scam was coming across from America. What was happening and what can be done?
