Category Archives: Tax, Audit & Accounts

October 08, 2014

Company car benefit

Following on from Duncan Stannett’s recent blog on Fuel scale charges and fuel benefit-in-kind, I thought it a good opportunity to remind ourselves about the company car benefit rules and tease out some tax planning points for both employer and employee.
September 29, 2014

Group VAT registration – a solution to managing multiple VAT returns?

Recently a corporate client asked me for advice regarding a possible group VAT registration application. The client owns three entities, each of which are required to prepare and submit their own VAT returns, and the client was hopeful that a group VAT registration would be the path to relieve some of the administrative burden.
September 08, 2014

Theatre Tax Relief is here

?Theatre companies should already be taking advice as to whether they qualify for this new relief.
September 02, 2014

Fuel scale charges and fuel benefit-in-kind

VAT FUEL SCALE CHARGES REDUCED! We are so accustomed to rising motor taxes that it was a nice surprise to see the VAT fuel scale charges (in respect of petrol and diesel supplied for private motoring) decrease for return periods.
July 23, 2014

SRA – Changes to Reporting Accountant Requirements

In May a consultation was released by the Solicitors Regulation Authority (SRA) which announced the proposed removal of the annual accountants report for solicitors holding or receiving client money.
July 16, 2014

Independent Accountants to the rescue?

Can accountants help in avoiding service charge disagreements? Service charge costs can often be an area of disagreement between the owners and occupiers. Back in 2006 the Royal Institution of Chartered Surveyors (RICS) issued its first version of guidance to its members on best practice in the preparation of commercial service charge accounts.
July 11, 2014

Does size matter?!

With the World Cup coming to an end (although for England, unfortunately as expected that seems ages ago), Wimbledon over and now the cyclists have whizzed past my office, I thought I would catch up with some bedtime reading! (I know, it is only until the football season starts…) Now, no doubt many of you. . .
June 06, 2014

Strategic Report – A new page in the Annual Accounts!

I was asked by a client a couple of weeks ago about the Strategic Report; well, actually, to assist the directors with coming up with the draft report. The company has overseas operations in different continents; the directors were unsure on what needed to be included in the report.
June 02, 2014

Pay taxes according to the law!

It was announced last Tuesday that HMRC have collected an additional £23.9billion over the last year as a result of their investigations. This has been achieved by a number of methods and it is clear that HMRC are making serious efforts to tackle what they see as tax avoidance.
May 27, 2014

Are you paying the 62% tax rate?

It continues to surprise me that many people are still oblivious to the fact that there is a 62% marginal rate of income tax out there which from a report I’ve just read affects some 700,000 people.
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