VAT Errors
If you operate your business through a limited company then you are generally protected against being held personally liable for the company’s debts. However, there are certain times when a creditor can look beyond the veil of limited liability, and one instance is when a company makes a deliberate VAT mistake which results in less … Continue reading VAT Errors
A quick reminder about tax deadlines for individuals and partnerships. Self Employed and Partners You must register with HMRC within 3 months of the end of the month during which you started trading. For instance, if you start to trade on 13th August 2013 then you have until 30th November 2013 to inform HMRC. If … Continue reading Tax Deadlines – Self Assessment Advice
You are never off duty if you work for yourself. Margaret & I went up to Southport to the Flower Show the other day. It is not cheap to get into but well worth the entrance fee. Besides the flower displays there were areas displaying vintage vehicles, bee-keeping, crafts and food. There were dog displays, … Continue reading Southport Flower Show And A New Business Opportunity
An increasing number of clients are making use of our bespoke “Kashflow” accounting system. This is a fully integrated accounting system offering full purchase and sales ledgers, bank reconciliations and VAT reporting. We feel that, for many businesses, this package provides everything they need but is much simpler to use than Sage. The annual subscription … Continue reading Why You Should Be Using Kashflow For Your Accounting Systems
If you receive income from abroad, or have assets abroad, then your liability to UK tax can be complex. However, if you are resident in the UK during a tax year then, subject to any double taxation relief that may be available, you will be liable to UK tax on all of your income or … Continue reading Foreign Income What You Need To Know About Tax