Category Archives: Tax Accountant

Are You Missing Out On R&D Tax Relief?

Are You Missing Out On R&D Tax Relief?

A handy guide to R&D, including worked examples and reflecting the impact of Covid-19. Research & Development (R&D) tax relief provides financial tax incentives when companies take the risk to advance, develop, modify or improve a product, service, process or solution despite the uncertainty of the outcome. Eligibility is not dependent on whether the project […]

Beware Tax Scams

read about tax scam

HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that in the last year they deactivated more than 20,000 fake HMRC websites, an increase of 29% on the previous year. HMRC have also called on people to stay vigilant to avoid falling for tax refund scams. The […]

Tax Investigation Service

tax investigation service

HM Revenue & Customs (HMRC) is under relentless pressure to raise money for the government from increased tax receipts. Inevitably that means more tax and VAT investigation. In 2017-18 HMRC collected £30.3 billion through compliance activity. How is HMRC collecting more money? HMRC’s Connect System is an £80m investment programme and now contains over 22bn […]

How to Survive a Tax Investigation

tax investigation service

Running a business always stretches us outside our comfort zone. Every day is different.  We all do more than 1 job in our business. Sometime we delegate few tasks however many little mundane duties we like to do it ourselves.  One of them is opening the post. So we are looking at the pile of […]

Is Your Accountant Qualified?

Is Your Accountant Qualified?

We assume that anyone who calls himself or herself as “accountant” is properly qualified, trained, experienced and competent. So ask yourself these questions How do you know the advice you are given by your accountant is legally sound? What if your accountant makes mistake? Can you report your accountant to the regulatory body? Who will […]

How to Choose a Good Accountant?

How to Choose a Good Accountant?

Choosing the right accountant is an important decision that any business cannot afford to get it wrong.  A good accountant can save you time and will be experienced in helping you grow the business.  Here are some handy tips which should help you sort the wheat from the chaff: Try to find an accountant before […]

Understanding Limited Company

There are a lot of choices when it comes to the structure of a business. For example: sole proprietorship, general partnership, limited partnership, limited liability partnership (LLP) etc.   What can a limited company do? A limited company is viewed as a person in the eyes of the law, everything we can do they can […]

Rewarding Employees & Saving Tax

Employee Wellbeing There is growing recognition of the importance of individual wellbeing inside and outside the workplace. Workplace wellbeing relates to all aspects of working life, from the quality and safety of the physical environment, to how workers feel about their work, their working environment and work organisation. Employee Tax Free benefits Rewarding employee and saving […]

Borrowing From Company Increases Tax Liability

When a director of a company takes money from the company other than salary and expenses, there is a risk of 32% tax payment. You must keep clear records of all transactions between director and the company. When you are thinking of borrowing money, your first thought is usually let’s borrow from personal or family […]

How to Protect Your Home Address at Companies House Legally

There is a change to data suppression laws which will help you remove your home address from the company register and from publicity on company documents. This process has been made easier. This will apply to company directors and other people such as secretaries, people with significant control and LLP members. If you would like […]