News

As an employer you are required to collect repayments of student loans your employees took out through the Student Loan Company (SLC) while they were studying, during years after September 1998. You are told to start making SLC deductions by a SL1 notice from HMRC. You should...

If you’re VAT registered you will no doubt have been advised by your accountant to always obtain a VAT receipt (or invoice) from your suppliers. Many of our clients provide us with what they believe to be VAT receipts but in actual fact they’re not. So…. What...

HMRC send out notices to those individuals who, according to their records, are required to complete a self assessment tax return for the 2018-2019 tax year which ended on 5th April 2018 If you’ve received one of those notices, there is no need to panic as the HMRC...

If you are self-employed your business may well be based at your home address, although you perform the majority of your work at your customers’ sites. This can apply to a range of trades from plumbers to computer consultants, and even medical professionals. In order to...

‘Tis the Season to be Jolly’! Christmas isn’t too far away but we’d rather put that to one side for the time being. So if like us, you’re not ready for Christmas just yet, here’s a reminder of what is allowable for income or corporation tax purposes and...

From 1 April 2013, the self employed have been able to account for their income and expenditure on a cash basis. Limited companies are not able to use the scheme. What is cash accounting? Under the previous HMRC system, self employed individuals were required to account for...

When you use a personally owned car in your business, some of the costs associated with running the car are allowable for tax purposes so you can claim these expenses in your accounts to reduce your profits and pay less tax. If you’re a sole trader there...