Please click on the link below for our summary of items in yesterday’s budget that will affect you.
Please click on the link below for advice on saving tax in 2015/16
Many business owners have a loft/garage/spare bedroom full of business records.
Business records have to be keep for 6 years. HMRC can levy fines if the records cannot be produced. These records can also get lost, damaged, muddled and key information lost. The link between the figures on the tax return and these documents may then become unclear.
We have a simple, inexpensive solution to for you.
When we receive your records, we scan them for you. Then, using advanced software and our skills, we produce your accounts together with schedules of items making up the figures and an image of the documents themselves. This will satisfy even the most demanding HMRC Inspector.
We will send you a copy of the file (which will be in PDF format) and show you how to store it in a free Dropbox or GoogleDrive account.
Price for this additional service depends on the volume of records. Prices start at £30 plus VAT.
Please click on the link below to see a summary of yesterday’s budget.
Please do not hesitate to contact us if you have any questions.
Here is a really useful guide to reducing your tax bill.
Please contact us if you need any further infomation
There was a surprising amount of content in yesterday’s Autumn Statement.
This is neatly summarised in a PDF file which can be opened by clicking on the link below.
If you need any further advice, please do not hesitate to contact us.
We have been having a lot of discussions internally about HMRC’s withdrawal of concession ESC B47. This means that (in an unfurnished rented property), there is no tax deduction available for the replacement of carpets and free standing white goods.
It makes sense, therefore, to take out an accidental damage insurance policy for these sort of items. The cost of the insurance policy will be tax-deductible.
Other alternatives include – making the tenant responsible for replacements and considering furnishing (to HMRC’s definition) an existing unfurnished property thereby getting the wear and tear allowance.
Please feel free to contact us for further advice.