We always try to get you the best deal on this, by claiming the maximum possible for the extra costs of using your home as the base of your business but at the same time ensuring no adverse effect on the immensely valuable capital gains tax exemption when you sell your private residence and hopefully […]
What’s your PR Strategy?
No matter how big or small your business you need a PR strategy. Even the smallest start up business can have a simple PR strategy which uses local press, social networking and email marketing to raise the profile of the firm with very little financial cost. Identify your target market To begin with you must […]
Meeting the Expectations of Today’s Workforce
The current economic environment continues to challenge businesses. As such, having the right team in place is key to the success of any business. As firms focus on recruiting the best talent they are no longer seeking employees that can merely get a job done. While traditional recruitment strategies may have focused on finding a […]
Tax Diary March/April 2013
1 March 2013 – Due date for Corporation Tax due for the year ended 31 May 2012. 19 March 2013 – PAYE and NIC deductions due for month ended 5 March 2013. (If you pay your tax electronically the due date is 22 March 2013.) 19 March 2013 – Filing deadline for the CIS300 monthly […]
Self Assessment crack down in South East
HMRC issued a press release 12 February 2013 advising “tax cheats” in London and the South East that they will be targeted by a new taskforce. The taskforce will put the spotlight on people abusing the Self Assessment system fraudulently to claim back money they are not entitled to. It is expected to recover £6 […]
Further reminder of payroll changes April 2013
Last month’s newsletter included details of the major change in reporting of PAYE information to HMRC from April 2013. The new process is to be known as Real Time Information (RTI) reporting. From 6 April 2013 you will be required to submit payroll data on or before the date that salaries and wages are paid […]
Finance Bill 2013 draft clauses published
The main tax announcements for the 2013-14 tax year, as announced 5 December 2012, have now been published as draft clauses for the forthcoming Finance Bill 2013. GAAR The new acronym stands for General Anti-Abuse Rule. It will give HMRC powers to stop companies and tax payers taking advantage of complex tax arrangements in order […]
Tax planning for high income earners 2012-13
High income earners have until 5 April 2013 to review their tax position for 2012-13. In most cases action will need to be taken prior to this date. Deferring income If you normally receive bonuses this month or a dividend from your company you should estimate your earnings for the next tax year, 2013-14, and […]
Medic loses business mileage case
(Article courtesy of Abbey Tax Protection) After three Tribunal Hearings, the first of which was in October 2011, a self-employed consultant geriatrician has lost his long battle with HM Revenue & Customs (HMRC) over his business mileage claims. The First-Tier Tribunal (FTT) has decided that Dr Samadian cannot treat his home as the starting point […]