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- Tax Saving Accountants
- 14 Dec 12
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 – […]
- Tax Saving Accountants
- 30 Oct 12
How accountants can boost your business
Taxes can be complicated, unless you’re well versed in the matter. If you do find taxes to be a struggle, it might be worth investing in an accountant, especially because the consequences for getting your taxes wrong, particularly over a long period of time, can be severe. If you have a complicated financial situation, then […]
- Tax Saving Accountants
- 23 Oct 12
HMRC getting tough on SMEs filing paper returns
HM Revenue and Customs have announced their latest tranche of measures to deter people from submitting paper-based tax returns, with a £100 penalty even if submissions arrive just a day late. Some have jumped up to say this is rather unfair, not least because HMRC gives people who file their returns on the Internet an […]
- Tax Saving Accountants
- 31 Jul 12
HMRC accused of making kids ‘spy’ on tax evaders
HM Revenue and Customs have announced that there is going to be a new initiative to help children understand about tax, and the significance it has on the community in which they live. However, there has been widespread controversy about the course after it was revealed that 11-year-olds would be asked to name and shame members […]
- 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
- 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 […]