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- Tax Saving Accountants
- 24 Jul 12
Credit restrictions on SMEs harming business growth
Despite the Royal Bank of Scotland and HSBC setting aside billions of pounds for business loans, the Office for National Statistics has confirmed that the current recession in the UK is caused by a lack of credit available to SMEs. With empty shops lining high streets, the number of firms going bust on the rise, […]
- Tax Saving Accountants
- 17 Jul 12
A Fragile Economy Means Companies Need More Government Support
The most recent server from the British Chambers of Commerce has suggested that even though the UK economy remains fragile, businesses are actually growing. The Director General, John Longworth, has called for bold action, claiming that ‘Growth cannot wait’. The BCC survey also found that a small rise in exporting from Britain, both amongst the […]
- Tax Saving Accountants
- 10 Jul 12
HMRC cracking down on tax avoiders
HM Revenue & Customs is beginning to crack down on missing tax returns for the years 2009-2010. Currently, HMRC is unable to predict how many people are involved with missing tax returns, but wants people who have previously kept quiet to come forward and avoid further financial penalties. If you are one of the many […]
- Tax Saving Accountants
- 28 Jun 12
Cautious optimism as unemployment falls
Unemployment figures show a drop of 51,000 to 2.61 million in the three months to April, which gives a jobless figure of 8.2%, according to the Office for National Statistics. The ONS also said that there has been a drop in unemployment figures across all age groups apart from those over 65, and the increase […]
- Tax Saving Accountants
- 20 Jun 12
HMRC clamping down on the rich and famous
HM Revenue and Customs is tired of being taken for a ride by those rich enough to exploit legal loopholes to avoid paying enough tax – and has decided to “take firm action.” Over a 1,000 people, including members of Take That and comedian, Jimmy Carr are suspected of using a variety of schemes such […]
- Tax Saving Accountants
- 14 Jun 12
Shadow Business Secretary wants companies to show us their tax bills
Shadow Business Secretary, Chuka Umunna has suggested that companies should be compelled to reveal their tax bills – and that it should be done in such a way that we don’t all need a degree in accountancy to understand them. Umunna’s proposals have come after the controversies of a number of large companies and their […]
- Tax Saving Accountants
- 7 Jun 12
How Creative Industries Can Benefit From The New Tax Relief Measures
The Treasury has announced tax reliefs for creative industries in a bid to keep them on home turf. Many high-budget TV productions have been filming in locations such as South Africa, Ireland, France and Hungary to avoid the crippling costs of UK production, but it is hoped that tax reliefs will go a long way […]
- Tax Saving Accountants
- 25 May 12
Why should I use an accountant to deal with corporation tax?
Dealing with your tax return is difficult at the best of times, but when it comes to corporation tax, it can often be even more difficult. When it comes to filing and paying this kind of tax, you may easily have trouble – which is why most people choose to hire an accountant for their […]
- Tax Saving Accountants
- 18 May 12
Being prepared for corporation tax
Inform HMRC That You Are Liable For Corporation Tax It’s important that you are prepared for corporation tax, so here are some simple rules to abide by when it comes to running a limited company or organisation. First off, you need to tell HMRC that your organisation is liable for corporation tax. Meet Your Corporation […]
- Tax Saving Accountants
- 11 May 12
What is corporation tax?
Corporation tax is actually much simpler than you might think. Basically, this is where HMRC takes a tax on the profits of either limited companies, or specific organisations like associations, societies, clubs, co-operatives, unincorporated bodies or charities. Basically, once these organisations and businesses go over the threshold, they will have to pay tax on their […]