020 7969 2879

Posts Tagged ‘Tax’

Budget 2013 summary

Posted on: March 20th, 2013 by Hardeep No Comments

So George Osbourne joined twitter “Today I’ll present a Budget that tackles the economy’s problems head on helping those who want to work hard & get on” twitter.com/George_Osborne… but what did the budget actually say?..   IR35 IR35 was not mentioned in the speech but did receive a very brief comment in the published guidance. TheRead more…

PAYE In Real Time – RTI

Posted on: March 9th, 2013 by Hardeep No Comments

Real Time Information, or RTI, is a new way of reporting Pay As You Earn (PAYE). It’s being introduced by HM Revenue & Customs (HMRC) from 6 April 2013.   So What’s Changing? Currently, employers send an annual return to HMRC to pay the tax and National Insurance Contributions (NICs) of their employees. These liabilitiesRead more…

HMRC’s New Campaign to Target Outstanding VAT Returns

Posted on: January 25th, 2013 by Hardeep No Comments

  HM Revenue and Customs (HMRC) has announced a new campaign aimed at businesses that have failed to submit VAT returns. The VAT Outstanding Returns campaign will target up to 50,000 businesses this month with warnings that their tax affairs will be closely scrutinised. HMRC is giving these businesses the chance to get up toRead more…

What are Payments on Account?

Posted on: January 7th, 2013 by Hardeep No Comments

If you’ve completed a self-assessment tax return, or if you’re due to, you’ll probably have come across the term ‘payments on account’. But what are they exactly? And will you be required to pay them?   What Are Payments on Account? Payments on account are tax payments made in advance towards next year’s tax bill.Read more…

Christmas Party Tax

Posted on: December 13th, 2012 by Hardeep No Comments

Christmas is fast approaching and that can mean only one thing – the work Christmas party! We’re sure everyone’s talking about it already! It’s a chance for you to reward your employees’ hard work throughout the year and for them to relax, however are you aware that you can reward your employees with a ChristmasRead more…

Personal Tax Return – Don’t miss the Deadline!

Posted on: December 5th, 2012 by Hardeep No Comments

We are sure at this time of year you would much rather be thinking about your work Christmas party or finishing off your Christmas shopping but with the personal tax return deadline fast approaching it is essential to get your Self Assessment filed before it’s too late.   Do I need to file a taxRead more…

Who Needs to Complete a Personal Tax Return?

Posted on: November 15th, 2012 by Hardeep No Comments

If you’re self-employed or you’re the director of a limited company, you will need to complete a personal tax return. It doesn’t matter how much you earn, how long you’ve been trading for or if it’s a second job; you won’t escape this requirement. Don’t Be Caught Out It’s not just contractors who will needRead more…

Paying a Dividend

Posted on: June 3rd, 2012 by Hardeep No Comments

Whether you already have your own Limited company or you are just starting out as a contractor or freelancer you have probably been told at some point that you should pay yourself  dividends but do you actually know how they work? What is a dividend? A dividend is a payment made from the profits toRead more…

IR35 Business Entity Tests Launched by HMRC

Posted on: May 14th, 2012 by Hardeep No Comments

HM Revenue and Customs has drawn up a set of questions to help customers determine which risk band they fall into when it comes to IR35. The tests form part of the Revenue’s guidance on its risk based approach to checking customers’ compliance with IR35; along with six new example scenarios and details of aRead more…

Budget 2012 Summary

Posted on: March 21st, 2012 by Hardeep No Comments

The chancellor delivered his budget statement at 12:30pm today. There were few surprises, with most announcements being well publicised prior to today. Here is a brief summary of the key points. IR35 The budget confirmed IR35 is here to stay albeit with some changes to come to make IR35 “easier to understand for those whoRead more…

Follow us for our Updates!

Your Name (required)

Your Email (required)


Your Message