Harnett Accountants Fulham brings you this report from the BBC Business News website, detailing new plans being rolled out by the bank of England to encourage banks to lend more to individuals and small businesses. “Funding for Lending, the new Bank of England and Treasury initiative to boost bank lending to households and businesses, has […]
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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 […]
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 […]
Harnett Accountants Kensington – Government Lowers Audit Exemption Threshold
Harnett Accountants Kensington brings you this report from Accountancy Age, revealing that the government has lowered the audit exemption threshold. “THE GOVERNMENT has announced changes to reporting and auditing requirements that will allow more small companies and subsidiaries to decide whether or not to have an audit. The changes, announced by business secretary Vince Cable […]
Harnett Accountants Kensington – IR35 And Visits From The Taxman
Harnett Accountants Kensington are pleased to present more useful tax tips for your business IR35 Business Tests Released If you provide services through your own personal service company you will be aware of the tax law known as IR35. This tax rule imposes an extra charge on your company, if you would be treated as […]
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 […]
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 […]
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 […]
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 […]
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 […]
