HMRC Archives - Page 2 of 3

24 Jul And another thing about HMRC

Posted at 07:45h in Accounting, Cloud Accounting, Limited Business, Self Assessment Tax, Self Employed, Small Business, Sole Directors, Sole Trader, Start Up, Tax Rebate, VAT

Written by Director, Huw Moseley: If you read my last blog, you’ll know that my advice when dealing with HMRC is to know your accounts inside out and backwards – as some times even Government administration bodies make mistakes. Well, I’m blogging on this subject again because...

19 Jul The trouble with HMRC (is that they often get it wrong)

Posted at 16:25h in Accounting, Cloud Accounting, Limited Business, Personal Tax, Self Assessment Tax, Self Employed, Small Business, Sole Directors, Sole Trader, Start Up, Tax Rebate

Written by Director, Huw Moseley: Now, I know the subject line for my blog this week is controversial. Like or loathe tax, we have to pay it because it keeps the country running. Which means somebody has to administrate it. But oftentimes, the administration leaves a lot...

27 Jun HMRC Deadline Reminder: 6thJuly 2018

Posted at 14:28h in Accounting, Expenses, Limited Business, Small Business, Start Up

Written by Director, Huw Moseley: It’s that time of year when employers need to report taxable benefits to HMRC. So don’t delay in preparing your P11D or P11D(b) forms as a failure to meet the deadline could result in a minimum £100 penalty for every month...

05 Jun What kind of growth are you looking for?

Posted at 09:10h in Accounting, Cloud Accounting, Payroll, Small Business, VAT

Written by Director, Huw Moseley: ‘Growth’ can mean different things to different businesses. It can mean a new member of the team, more clients or bigger clients, perhaps a new premise – or even a new business model. Setting up good accounting practices now will help...

31 May To Salary or Dividend? That is (often) the question…

Posted at 09:09h in Accounting, Cloud Accounting, Limited Business, Personal Tax, Self Employed, Small Business, Sole Directors, Start Up

Written by Director, Huw Moseley: “How much salary or dividend should I take?” is one of the questions I get asked most by Sole Directors. And since the new tax year, my answer has changed. As of last month – your personal allowance for the tax year...

25 May VAT filing is changing – the countdown is on!

Posted at 09:01h in Accounting, Cloud Accounting, Limited Business, Small Business, VAT

Written by Director, Huw Moseley: If your business is likely to turn over more than £85k (the VAT threshold) this year - you need to know that it’s unlikely you’ll be able to use HMRC’s free online VAT filing service from April 2019. There are no plans to...

30 Apr 2 changes all small businesses need to make (now)

Posted at 16:22h in Accounting, Bookkeeping, Cloud Accounting, Payroll, Small Business, Tax

Written by Director, Huw Moseley: When the new tax year came in at the beginning of the month on 6thApril, there was a flood of information that has left some small businesses reeling, and some of them confused about pension contributions and auto-enrolment. Let’s break it down. For...

27 Apr Are these 3 things stopping you from claiming your CIS rebate?

Posted at 15:16h in Accounting, Personal Tax, Tax Rebate

Written by Director, Huw Moseley: Year-end April 2018 was 3 weeks ago now and if you still haven’t filed your CIS rebate yet – what’s stopping you? Is it because: You're not registered yet? We can help you with that and get the ball rolling on your...

22 Feb What were you doing at 11pm on 31st January?

Posted at 17:39h in Personal Tax, Self Assessment Tax

Written by Director, Huw Moseley: According to an article published in The Guardian earlier this month - the hour between 11pm and 11.59pm on 31st January saw a lot of traffic to the HMRC website as more than 30,000 people logged on to file their self-assessment...

07 Feb What happens if you missed the Self Assessment Tax Return Deadline?

Posted at 07:00h in Accounting, Cloud Accounting, Personal Tax, Self Assessment Tax, Self Employed, Small Business, Sole Trader

Written by Director, Huw Moseley: The deadline for filing your Self Assessment Tax Return was midnight on 31st January - and almost 750, 000 people missed it! Were you one of them? Even if you have no tax to pay, or you always pay your tax on time...