Bookkeeping in the cloud

Oct 13, 2017

Smaller business owners, those with annual turnover below the current VAT registration threshold (£85,000 for 2017-18), will be relieved to know that the impending digitisation of tax by HMRC will not…

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Avoid property fraud

Oct 12, 2017

Since September 2009, HM Land Registry has prevented 254 fraudulent applications being registered. The most common fraud is when someone pretends to be you and mortgages or even sells your property…

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Under 18s and tax

Oct 09, 2017

Children (under 18s) can earn up to £11,500 in the current tax year and pay no income tax. This is the maximum that can be earned during 2017-18 and will include earnings from all sources subject to…

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Self-employed and using your own car

Oct 03, 2017

There are two options if you use a car in your self-employed business for business and private purposes.

You can buy the car through your business, claim a capital allowance, and write off the…

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Tax legislation

Oct 03, 2017

Readers may be forgiven for finding the recent rash of announcements by HMRC, regarding possible changes to tax legislation, rather confusing.

On 8th September, we were informed that the remaining…

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What are tax-free transfers for Inheritance Tax purposes

Oct 03, 2017

There are many reliefs for IHT purposes. They include:

  1. Business Property Relief – 100% relief for business assets including an interest in a business, a controlling interest comprising…

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Self-employed tax payments

Oct 03, 2017

Self-employed persons and other individuals who submit a self-assessment (SA) tax return should bear in mind that there are only three months until the electronic filing and payment deadline for 2016-17,…

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Pay your VAT monthly

Oct 03, 2017

If you find it difficult to manage quarterly payments to HMRC to settle your VAT, why not consider the VAT Annual Accounting Scheme (AAS).

With the AAS you:

  • make nine payments…

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Tax Diary October/November 2017

Oct 03, 2017

1 October 2017 - Due date for Corporation Tax due for the year ended 31 December 2016.

19 October 2017 - PAYE and NIC deductions due for month ended 5 October 2017. (If you pay your tax electronically…

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