limited-companies
Tax Saving Accountants

Could glitches be on the way for HMRC?

New reform for Pay As You Earn – also known as PAYE – is on the way, but HM Revenue and Customs are expecting that there will be technological hiccups along the way. The changes towards submitting information in real-time is one of the biggest reforms that the taxman has introduced in decades. The reason […]

sole-trader-tax
Tax Saving Accountants

Will income tax rise by 3%?

The government is continuing to cut in order to eliminate the budget deficit, but these falls in spending are also coupled with rises in income tax to boost the revenue which the Treasury receives. It is estimated that £12.5 billion of extra tax revenue will be needed in order to ensure that the government can […]

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Tax Saving Accountants

HMRC to move away from premium numbers

With many people waiting for many minutes – and in some cases hours – to get through to a customer services representative at HMRC – there has been widespread anger that the company which provides telephone services for the taxman has been making hundreds of thousands of pounds because of how 0845 numbers are used. […]

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Tax Saving Accountants

Are you ready for PAYE changes?

SMEs Have Less Than 2 Months Until PAYE Changes HMRC is implementing massive changes to how small businesses report PAYE earnings, and companies have less than two months to prepare. From April – the start of the new tax year – real-time reporting on Pay As You Earn will be needed, even if the SMEs […]

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Tax Saving Accountants

Making online self-assessments a hassle-free experience

Accountants are there to take the stress out of self-assessments. In addition, there are ways that you can make the process of crunching the numbers easy for yourself throughout the year. You might want to make sure you start work well before the January 31 deadline for online submissions. Getting everything to your accountant early […]

desk
Tax Saving Accountants

The big question: Should young part-time workers pay tax?

The summer has been and gone, but The Independent certainly has an interesting story – a company who rejected a 15-year-old boy’s application for part-time work because he hadn’t paid tax on his previous earnings. Even though the company may have been a bit strict, one of the biggest issues that face small businesses is […]

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Tax Saving Accountants

Make sure you pay your taxes, HMRC closes in

HMRC has revealed interesting new figures which show growth in the revenue they have recouped from people who have tried to avoid or evade tax. In the past 12 months, the total sum of the money claimed towards government coffers stood at £21 billion. When compared with the figures from 2005 – £6.9 billion – […]

desk
Tax Saving Accountants

Is the pressure on for small businesses this Christmas?

New research by the firm XLN Business Services suggests that the festive season will be the busiest time for small business owners – despite the difficult situation with regards to consumer spending. Because of the tough economic climate, those who rely on themselves for work don’t have the benefit of paid leave, and could end […]

George Osborne
Tax Saving Accountants

Federation of Small Business asks for help in Autumn Statement

As George Osborne saddles up to make his Autumn Statement – a taster if you will of what’s to come in the 2013 budget – the Federation of Small Business has asked the Coalition government to do more to help start-ups. Although the personal allowance for income tax has risen and the upper tax rate […]

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Tax Saving Accountants

Things heat up with Google, Starbucks and Amazon

Small businesses are lining up to criticise corporations such as Google, Starbucks and Amazon over their tax arrangements. Executives from all three giants have faced an interrogation by the Public Accounts Committee at the Houses of Parliament. Companies such as Starbucks say that their operations in the UK are largely unprofitable, but according to some […]

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