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Are You Better or Worse Off?

THE CHANCELLOR’S AUTUMN STATEMENT 2016 – Welcome to the special Autumn Statement 2016. We hope you enjoy reading this tax newsletter and find it useful. GETTING THE UK “MATCH FIT” FOR BREXIT The Chancellor Philip Hammond announced that his first Autumn Statement will also be his last.  In future the main Budget announcements will be[...] Read more »

Let’s Increase Your Sales!

As a member of the FSB (Federation of Small Businesses), I have just read their latest monthly publication of ‘First Voice’ (March 16). I would like to share with you some of their tips for growing Sales, and finding new markets for your Business. The starting point and most important point to remember, is that[...] Read more »

Buy to Let Landlords Under Fire!

Big changes are happening in the Tax world this April 2016 for Buy to Let Landlords. But there are some Tax Planning angles that can be considered, and acted upon before these changes kick in. A summary of the main changes with relevant Action Points to consider are: 1. An additional Stamp Duty Land Tax[...] Read more »

HMRC and Time To Pay Arrangements

Over the last few months, we have seen a hardening in attitude by HMRC towards Businesses seeking Time to Pay arrangements. This seems to be occurring whether this is Corporation Tax (Ltd Companies), Personal or Business Tax, PAYE or VAT. Obviously all Businesses can experience cash flow problems, but HMRC are now examining cases in[...] Read more »

Warning! – Direct Recovery of Tax Debts

New Legislation is to be introduced shortly to allow HMRC to ‘dip into’ the personal Bank Accounts of any Taxpayer who owes them money. These new powers are aimed at Taxpayers who ‘refuse’ to pay the Taxman the amounts of Tax he believes is due. Now I suppose as parents, we are all used to[...] Read more »

The Taxman Says “Time To Come Clean”

HMRC have released latest figures indicating a record £517.7billion collected in Tax for 2014/15, an increase of more than £12billion than the previous year. According to HMRC, 66% of this increase was obtained from additional Tax compliance, with HMRC actually prosecuting 1,289 cases and securing a collective 407 years in prison sentences, (source : Taxation,[...] Read more »

Company Owners To Pay More Tax!

For small owner-managed Limited Companies, a Tax efficient Profit Extraction policy has always been key. By selecting the use of the correct method of extracting Profits from the Company, Tax bills can be minimised. One such popular, and tried and trusted method, has been the use of Dividends rather than Salary, paid to the owner-managed[...] Read more »

HMRC’s Let Property Campaign

Judging by the number of new Clients enquiries we have been getting in the last few months, I feel it is important to get the message across to all new Property Landlords that HMRC are now on the warpath! Back in the 70’s there was a fantastic comedy sit-com called Rising Damp with Leonard Rossiter[...] Read more »

Improve your Business – Track and Monitor Your Leads

As we all know, Sales are the lifeblood of any Business. No Sales, no Business. It’s a bit like the TV Programme, Strictly Come Dancing – No Dancers, no Show! Now for many of you people out there, Saturday nights would just never be the same without Strictly, just ask my missus! – for me[...] Read more »

Get Your Self-Assessment Tax Return Forms Filed!

With Halloween and Bonfire Night now out of the way, we are now all looking forward to Xmas and as Xmas comes up, then so does what we call in the Accountancy and Tax Profession, the Tax Return season. No doubt you will soon start to see the Coke Cola TV advert of “Holidays Are[...] Read more »

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