Monthly Archives: December 2011

Penalties for late filing of personal Tax Return (again!)

Posted on December 19, 2011 by

I know I’ve mentioned this before, but it’s important to know that HMRC have introduced newpenalties for late filing of your personal Tax Return, even if there is no tax liability. Your 2010/11 Tax Return must be filed with HMRC … Continue reading →

Posted in Protection, Taxes | Tagged , ,

HMRC Business Records Checks

Posted on December 6, 2011 by

It’s more important than ever to ensure that your accounting records are up to standard. HMRC have completed their pilot scheme and found that 56% of businesses inspected had unsatisfactory or poor accounting records. They have increased the number of … Continue reading →

Posted in Protection, Taxes | Tagged , ,

Paying or claiming round sum mileage allowance?

Posted on December 5, 2011 by

HMRC have recently been successful in making round sum mileage expenses subject to NIC. If you pay or claim a fixed amount per month for mileage, plus a small amount per mile, then you could be storing up a NIC … Continue reading →

Posted in Profit, Protection, Taxes | Tagged , , ,

What’s the point of IR35?

Posted on December 2, 2011 by

It looks like calls to scrap IR35 will fall on deaf ears. Many people have asked what is the point of keeping it where there have only been 322 cases examined in the last 5 years. Well, the advantage to … Continue reading →

Posted in Profit, Protection, Taxes | Tagged ,

Read our Autumn Statement report

Posted on December 1, 2011 by

Set against a backdrop of sluggish economic growth, rising unemployment, and uncertainty in Europe, the Autumn Statement included a number of measures designed to strengthen the economy. A series of announcements targeted small and medium-sized enterprises, in recognition that without … Continue reading →

Posted in Profit, Protection, Retirement and exit planning, Taxes | Tagged , ,