Archive for Accountancy Services
Business Owners Inside Guide To Accountancy Services
Many of us are familiar with the need for accountancy services to support our business, however many small to medium sized business owners are unaware of what accounting services are available and the basic function of each.
Here we will provide a basic overview, highlighting the important details that you need to know about [...]
Making the most of your Annual Capital Gains Tax exemption
The end of the tax year fast approaches and if you do not utilise your Capital Gains Tax (CGT) annual exemption by 5 April 2010 then, it could, one day, cost you thousands of pounds in tax. How can you avoid this? Let us at Accountancy Services Direct take you through some options.
To sell or [...]
Nil penalty for late tax returns
It’s been a busy time here at Accountancy Services Direct, with al the tax returns we have been completing. Did you manage to get your tax return completed in time?
If you were late with your 2008/09 self-assessment tax return, you will soon be receiving a notice from HMRC charging you a £100 penalty.
But, if you [...]
Higher Rate Tax Dodges for Investors
In just two months time some of you will be facing income tax rates of up to 60%!!! Tax boffins have been inventing some pretty complex schemes to avoid these but are there some simple steps you could be taking now? In this artice Accountancy Services Direct takes you through some options.
Solution
To avoid being caught [...]
Trading with overseas businesses? Are you ready for the changes to the Cross-border VAT rules? 1 January 2010 is VAT day, VAT part 3
The third instalment of the Accountancy Services Direct VAT update sheets deals with overseas trading.
If you supply goods or services to overseas businesses, other EU countries or you reclaim VAT incurred in another EU country then you need to know about the changes to Cross-border trading VAT rules which take effect from 1 January 2010.
The [...]
Accountancy Services Direct – January 2010 is VAT day, are you ready? Part 2
In this Accountancy Services Direct article we will deal with the issue of electronic filing, are you ready for it and does it apply to you or your business?
HMRC has a plan in place to have everyone filing their VAT online by 2012.
From 1 January 2010 there are two things to consider:
1.When are you registering [...]
Are you ready for the VAT changes? 1 January is coming fast!
There is one main thing happening on 1 January 2010 and that is VAT!
VAT is having an update and we are going to look at a few key areas.
This part will deal with the rate changes.
The VAT rate is reverting back to 17.5% from 1 January 2010.
There are some anti-avoidance rules to be aware of, [...]
Getting Paid and Paying Tax – part 2
In this Accountancy Services Direct article we go on to discuss what is required after you have established that you are going to need to be registered for the Construction Industry Scheme (CIS) and you have to decided if you are going to require gross payments.
Gross payments are when the contractor will pay you gross, [...]
Getting paid and paying tax under CIS
As mentioned in the previous Accountancy Services Direct article- Basic guide to the Construction Industry Scheme – contractors are able to make gross payments or payments under deduction to their subcontractors for construction work.
Contractors have to firstly verify their subcontractors who work for them with HM Revenue and Customs. This enables them to check [...]
Article on possible tax reform that addresses wealth inequality
Interesting article that could have implications on both accountancy services and our clients. We are monitoring this so that we can ensure get the right accountancy services t ensure they are as tax efficient as possible. Read the full story here.
http://www.guardian.co.uk/society/2009/nov/08/tax-system-reform-weath-inequality
If you have any questions, please feel free to contact us at Accountancy Services Direct o [...]