Tax Saving Accountants

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

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 […]

Tax Saving Accountants

Have you received a Tax Fine Notice in error?

Roughly 12,000 people in the UK who had been told that they are no longer required to fill in their self-assessment tax forms now appear to have been sent these penalty notices in error. The letters were sent by HM Revenue and Customs, and came after the new £10 daily fine which now occurs for […]

Tax Saving Accountants

Are we to overpay over £12bn in tax in 2012?

British Taxpayers To Pay £421 In Tax British taxpayers are expected to overpay in tax this year, at an average of around £421 all in all. It’s also expected that 85% of us will be unable to reduce our tax bills, too. Brand-new figures have brought about these expectations. 2012 Will Be The Second Biggest […]

Tax Saving Accountants

Liberal deputy Prime Minister supports new Tycoon Tax proposal

Liberal Democrat leader and Deputy Prime Minister Nick Clegg has aired his support for the tycoon tax proposal, which would bring in a minimum taxation rate to ensure that all citizens pay their ‘fair share’. Speaking before his party’s annual conference and before the budget was announced, Clegg claimed that the current system of allowing […]

Tax Saving Accountants

Online traders could face HMRC investigation

Online traders are being targeted by Her Majesty’s Revenue and Customs in a new bid to crack down on unpaid tax. HMRC is asking all online marketplace traders and business owners to come forward to admit any tax that they haven’t paid – failure to do so will result in ‘harsher penalties’. This new clamp […]

Tax Saving Accountants

Need to win bank funding? Part 2

It’s necessary to be more professional and provide more information than ever to the banks if you have the intention of getting a business loan. After the economic downturn, the banks have simply stopped lending to a lot of people, and now require a lot more proof of financial stability in order to lend. Below […]

Tax Saving Accountants

Self Employment Advice In Peterborough

There has been a rise in self-employment during the last year. The latest figures show that more than 35,000 people registered as self-employed during the time, overall lifting the total of UK residents working for themselves to just short of 4million. The reasoning for this is fairly simple. With an increase in redundancies, a lack […]

Tax Saving Accountants

Setting up as a Sole Trader in Peterborough?

Becoming a Sole Trader is the easiest way into self-employment and it is for those who are ‘one-man bands.’ You won’t have to pay any registration fees as a sole trader, and keeping your eye on records and accounts is fairly straight forward, also there is the advantage that you get to keep all the […]

Tax Saving Accountants

Are you a Tax Cheat? or just want to save tax?

HMRC will use pinpoint software to more accurately target people who have failed to pay the correct tax. The software will also find people who are trading without the HMRC knowing, through the HMRC’s connect computer system. The campaign will allow the HMRC to be alerted to tax evasion, previously unseen, through matching a large […]

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