by admin | Nov 9, 2012 | cloud accounting
When I first started out in the world of accountancy most clients kept their records manually. They used large cash books and ledgers which were written up diligently by their book-keepers. Some had computerised systems, this enabled more analytical reporting to help...
by admin | Jul 13, 2012 | Team News
Goodbye Vidya! Well, it’s the end of our 4 week internship programme this summer. In an arrangement with Leeds University Business School and their nurturing talent programme, we’ve enjoyed the company of Vidya Prabhu as our intern for the last four weeks....
by admin | Jul 11, 2012 | HMRC, tax
As part of a £900m investment, HM Revenue and Customs are deploying extra task forces to curb the activities of tax dodgers. These teams are expected to recover more than £30m for the public purse. HMRC have several operations set up to target restaurants, hair and...
by admin | Jun 21, 2012 | economy
Osborne’s £140 billion kick-start – will it stimulate small business growth? This week, the Chancellor of the Exchequer, George Osborne, announced a £140 billion emergency scheme in order to try to avoid a second credit crunch. Backed by the Treasury, the Bank of...
by admin | Mar 5, 2012 | employees, employers, HMRC, PAYE
There is something big happening in the world of payroll and it’s going to affect all employers. HMRC are introducing “Real Time Information”. Currently, HMRC don’t really know how much is owed on your company payroll until the P35 is submitted at the end...
by admin | Mar 1, 2012 | employees, tax
Employees who are given smart phones by their employers will no longer have to pay tax or national insurance contributions (NICs) for them, HM Revenue and Customs have said in new guidance. Previously, smart phones were only exempt from tax if they were provided by...
by admin | Dec 22, 2011 | HMRC, VAT
Following a case in the European Court of Justice, HMRC has changed its position relating to recovery of input tax on entertainment expenses. Historically input tax has never been claimable since VAT was first introduced in the UK but following the Danfoss and Astra...
by admin | Dec 21, 2011 | Team News
Merry Christmas! After another year of working diligently with our clients we will be taking a well earned rest and the office will be closing for the Christmas break on Friday 23rd December at 12 noon. We will be opening again after the break on Tuesday 3rd January...
by admin | Nov 16, 2011 | HMRC
The taxman’s approach to small business records checks has undergone a “subtle change in tone” from being an educational exercise to a compliance check. HM Revenue & Customs recently said “business records checks are primarily a compliance check,...
by admin | Jul 7, 2011 | HMRC
HMRC’s next step – Security HMRC has provided a number of services to support businesses that have been affected by the economic downturn principally through Time to Pay (TTP) arrangements. There has been a rise in the number of TTP requests being rejected by HMRC...
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