The 2014 Budget – Introduction
Although the budget was, officially, held on 19th March, the Government had already issued the majority of the clauses in draft form. However, there were some updates, together with some new proposals, announced in the budget. The main proposals, which are still subject to amendment, were: The starting rate band for savings will be increased … Continue reading The 2014 Budget – Introduction
It’s likely that most business owners think of tax when they hear the word ‘accountants’. In reality, there is much more an accountant can do for your business. A great accountant should be on hand to help your business grow and succeed. From assisting you with starting up your business, to aiding you with VAT … Continue reading From Start Up To VAT – How Accountancy Services Help Businesses Grow
As we approach the end of the tax year on 5th April it is time to think about some of the simple “tax avoidance schemes” that are available to us all. Very often we can make a big difference to our tax bills by taking a few simple steps. Capital Gains Tax Capital gains of … Continue reading Year End Tax Planning
If you have been watching Pound Shop Wars on television over the past few weeks then you may be interested in the following. KPMG resigned as auditors of Poundworld Retail Ltd, the main chain of stores featured in the programme, on 30th December 2013 following completion of the audit for the year ended 31st March … Continue reading Who’s Been a Naughty Boy Then?!
What if a customer doesn’t pay you for goods or services on which you have charged VAT, and you have paid that VAT to HM Revenue & Customs (HMRC), you can get the VAT back by claiming ‘Bad Debt Relief’. This is very straightforward providing you follow the right procedures and keep accurate records. Please … Continue reading VAT ISSUE – BAD DEBTS How do you reclaim the VAT on a bad debt?