Uncategorized
Business Tax
News: March 2011 Business Tax IR35 Review The Office of Tax Simplification was tasked with reviewing the operation of IR35, or the provision of services through intermediaries as the legislation is more correctly called. Unfortunately the Government does not agree that IR35 should be abolished. However, it has promised to improve the way HMRC provide guidance to businesses who are
Is your business base your home?
News: March 2011 Is your business base your home? If you are self-employed and do the core work at the premises of the client, there may have been doubts before in being able to claim that your business base is your home. That can seriously restrict the scope for claiming tax relief on travel costs to and from your home
How to grow your business
News: March 2011 In today’s challenging economic climate, it is critical to interact with the people who could become your clients, provide you with valuable information or help you to develop your business. Although we understand the importance of networking, many professionals will admit that they are not particularly good at it. In order to network effectively, it is essential
For Employers
News: March 2011 For Employers NIC When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This message has finally been heard by the Government, who will start consulting on how the operation of NI and income tax could be combined. This does not mean these two taxes
End of tax year planning action
News: March 2011 End of tax year planning action We are ready to advise on all tax planning possibilities by reference to your specific circumstances, with plenty of opportunities to save tax either by taking action by 5 April or indeed delaying until the new tax year. Areas worth considering include: Planning for reduced corporation tax rates. New calculations for
VAT
News: March 2011 VAT VAT Rates and Thresholds There were few changes announced for VAT. The rates and thresholds are as follows from 1 April 2011: Lower rate – 0% Reduced rate – 5% Standard rate – 20% Registration turnover – £73,000 (up from £70,000) Deregistration turnover – £71,000 (up from £68,000) Low Value Consignments Low value consignment relief allows
Soon you may be able to pay for a business lunch with your iPhone
News: March 2011 Soon you may be able to pay for a business lunch with your iPhone According to the latest tech-blurb, Apple may implement “near field communication” technology (NFC) in the next iPad and iPhone, allowing users to make purchases directly from these devices. Futurists and techies alike have long heralded the dawn of the cashless society and now
For Individuals
News: March 2011 For Individuals Personal Allowances These allowances represent the amount of an individual’s income in the tax year that is not subject to income tax. Some people are eligible for several allowances such as the personal allowance, and married couples allowance. The married couples allowance is available to married persons and civil partners, but only where at least
Robinsons Chartered Certified Accountants is a highly respected and established accountancy firm with a small team of central London staff and additional back office support.
