Tag Archives: tax tips 2012

Harnett Accountants Fulham – Business Bank Could Take Decades

Harnett Accountants Fulham brings you this report from the Accountancy Age website, revealing new criticisms of the governments Business Bank. “A BUSINESS BANK designed to provide help to SMEs under the umbrella of one organisation could “take decades” to get right, according to ACCA. The institute emphasised the need to establish a bank that will […]

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Harnett Accountants Putney – Cable Confirms Business Bank

Harnett Accountants Putney brings you this report from the BBC Business News website, confirming that the government is moving ahead with plans for its business bank: “The government is moving ahead with plans for a government-backed “business bank” to boost lending to UK companies. The business secretary, Vince Cable, said he hoped such a bank […]

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Harnett Accountants Putney – Government Plans To Unite SME incentives

Harnett Accountants Putney brings you this report from the Accountancy Age website, revealing new government plans to provide help for SME’s and startups under one centrally managed scheme. “HELP FOR SMEs should be more easily accessible and under the umbrella of one organisation according to ICAEW chief executive Michael Izza. As things stand, applying for […]

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Harnett Accountants Fulham – September Tax Q&A Part 3

Harnett Accountants Fulham are pleased to present part 3 of our September tax Q&A: Q. I’m an IT contractor currently working for a government department through my own company, for £300 per day. I’ve heard that all contractors will have to go on the department payroll. I don’t want to be a wage-slave, so what […]

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Harnett Accountants Hammersmith – September Tax Q&A Part 2

Harnett Accountants Hammersmith Welcome you to part 2 of our monthly tax Q&A. Q. My business recently bought an e-book reader from an online retailer. It will be used for business purposes but the retailer is refusing to provide me with a VAT invoice, saying their products are not provided for business purposes, so VAT […]

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Harnett Accountants Wimbledon – September Tax Q&A Part 1

Harnett Accountants Wimbledon are pleased to present part 1 of our September Tax Q&A: Q. I run my own company from an office in a spare bedroom at home, and my wife runs a separate company from a downstairs office in the same house. Can we both claim £3 per week expenses for use of […]

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Harnett Accountants Wimbledon – Self Billing

Harnett Accountants Wimbledon offer this useful advice on self billing: ‘Self-billing’ is where the customer in the supplier/customer relationship raises the invoices to themselves for work done or goods provided by the supplier, instead of the supplier raising those invoices. Self-billing helps large organisations that need to pay out lots of small amounts to hundreds […]

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Harnett Accountants Hammersmith – Gifting Assets and Shares

Harnett Accountants Hammersmith brings you another useful piece of tax saving advice. If you plan to gift assets or shares to your relatives, there are several taxes you need to consider: Capital Gains Tax You won’t make an actual profit or gain when you give away assets or shares, so you may not expect to […]

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Harnett Accountants Hammersmith – Whose Fault Is Underpaid Tax?

Here’s another useful tax tip from Harnett Accountants Hammersmith: Have you received a tax calculation (on form P800) which shows you owe tax that you thought had been collected under PAYE? Every year the Tax Office undertakes a ‘PAYE reconciliation’ to check whether the tax collected from pensions and salary under PAYE was the correct […]

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Harnett Accountants Twickenham – Child Benefit Clawback

Harnett Accountants Twickenham present another useful tax tip about changes to child benefits in force from next year: If your net taxable income last year was £50,000 or more you will shortly receive a letter from the Tax Office about child benefit. You can safely bin this missive if your children are no longer eligible […]

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