Damien has recorded another series of great tax tips videos. Today’s video tax tip from Harnett Accountants Wimbledon is on the subject of travel expenses. Travel expenses are often a source of confusion, both for employees and employers. If you are an employee, you should know what you are entitled to so that you can […]
Harnett Accountants Wimbledon – Advice on IR35
Harnett Accountants Wimbledon brings you this advice about IR35 law, and an accompanying report from the Accountancy Age website, revealing that IR35 investigations have been stepped up again by the taxman, bringing in over £1million so far. “INVESTIGATIONS into freelancers underpaying tax have doubled, with the taxman scooping more than £1m from its efforts. The […]
Harnett Accountants Kingston – The Importance of Cash Flow
Harnett Accountants Kingston brings you this report from accountancy age. It seems that many businesses are unwittingly acting as a bank for their clients, sending out late or incorrect invoices at the expense of their own cash flow security:” “A recent CFO survey by Deloitte highlighted the importance of cost control and cash flow management. […]
Harnett Accountants Wimbledon – Whose Fault is Underpaid Tax?
Harnett Accountants Wimbledon want to remind you of this great tax tip originally brought to you by Harnett Accountants Hammersmith earlier this month. 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 […]
Harnett Accountants Wimbledon – Tax Evasion Cases Fall by 25%
Harnett Accountants Wimbledon brings you this article from Accountancy Age, revealing that serious tax evasion cases have fallen by nearly 25% over the last year. “Serious tax evasion cases identified by HM Revenue & Customs has dropped nearly a quarter over the last 12 months. In 2011/12, there were 3,456 suspected cases, the lowest number […]
Harnett Accountants Wimbledon – Anti Avoidance Bill Brought Foward
Harnett Accountants Wimbledon bring you this report from the Accountancy Age website, detailing a new proposal for an anti avoidance bill to be brought before the house of commons. “A GENERAL ANTI-AVOIDANCE BILL is to be tabled tomorrow at the House of Commons by Labour MP Michael Meacher. Should the bill be passed, it will […]
Harnett Accountants West London Car Tax advice
Many of our clients in West London ask us for advice on Company Cars and the tax implications. Our accountants in Wimbledon have had several such enquiries lately, so we asked Damien to say a few words. We hope this is of help.
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 […]
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 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 […]