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When a company reaches the end of its useful life it can either be left dormant or more normally can be wound up. Where the company still owns cash or assets that can be distributed to the shareholders, HMRC’s Extra … Continue reading
HMRC has 20,000 business records checks planned for the 2012/13 tax year. HMRC claims that 44 per cent of businesses have issues with their record-keeping, while 12 per cent have seriously inadequate records. The checks could result in penalties of … Continue reading
The tax allowances available on buildings are not very favourable. But if you own your own commercial / industrial building, either through a company or personally then you need to speak to us as you may be able to save a significant amount … Continue reading
Are you making payments into your own or your employer’s pension scheme? Do you pay higher rate tax, 40% or 50%? Have you omitted to claim higher rate tax relief on the contributions you have made? If your answer to these … Continue reading
From 1 April 2012, all remaining VAT-registered businesses – those registered for VAT before 1 April 2010 with a VAT-exclusive turnover of less than £100,000 – will also have to submit VAT returns online and pay any VAT due electronically. … Continue reading
You may have only just paid your self assessment tax liabilities for 2011 but is your accountant making sure your 2012 tax bill is as low as possible. Annual Investment Allowances are changing, there is dividend planning to review plus the standard … Continue reading
Is your company involved in any type of innovation? Do you design new products or have them designed for you? Perhaps you are developing an ‘App’? Or developing a new manufacturing process? If so, you could be able to make a Research … Continue reading
If your self-assessment tax return is not completed yet, now is the time. HMRC must receive your self-assessment return by the 31st January at the latest. HMRC say that if yours has not been submitted yet, they will only accept it … Continue reading
More than 1 in 10 small business owners put their houses on the line during 2011 according to research from borro. As banks continue to make life hard for businesses needing access to finance, homes are being put up as … Continue reading