How to Reduce Tax and Overheads in a Way That Benefits Your Business
Nobody likes paying tax. You might be happy that you are contributing, or giving something back, but tax, especially corporation tax, is always an unwelcome overhead. There are ways of reducing the amount of corporation tax you have to pay. However many companies pursue these focusing only on the end goal of lowering their tax. … Continue reading How to Reduce Tax and Overheads in a Way That Benefits Your Business
There were a few jittery moments in the accountancy world when HM Revenue & Customs won a surprise victory. The case involved a firm of consultants, PA Holdings Ltd, who devised a tax strategy to reduce PAYE and NI on bonuses. The company issued a special class of shares to employees, and then paid large … Continue reading Are Dividends Still Safe From HMRC After Tribunal?
The government is currently looking at ways of reducing the amount of red tape suffered by companies. Currently, there is a requirement for all companies to submit two basic documents to Companies House: An annual set of accounts showing the financial performance of the company; and An “Annual Return” listing the officers and shareholders of … Continue reading Companies House Simplification Plans – What They Mean To You
We must be doing something right! For many years we have been using the Iris Accounts Production and Tax Return programs. Iris is the “Sage” of the accountancy profession, being used by more accountants than any other program. When the writer personally started using Iris it was a choice between (amongst others) Iris and Ibis. … Continue reading Kashflow Acquired By Iris
As we approach Christmas and the New Year, a quick reminder of one Xmas present that you will want to avoid. Electronic Self Assessment Tax Returns need to be submitted to HM Revenue & Customs on or before 31st January 2014. This means that they must be submitted by midnight on that Friday. This applies … Continue reading Electronic Self Assessment Tax Returns need to be submitted to HM Revenue & Customs on or before 31st January 2014.