Category: Cost

Making Tax Digital – An Update

MTD presentation LeeP Accountants Jun 17 Confused or bemused by HMRC’s Making Tax Digital (MTD)? What does Making Tax Digital really mean? How will it affect you? Does MTD mean quarterly reporting? Is my business exempted from Making Tax Digital? What’s New? On 13 July 2017 the government announced that MTD would be delayed for business until…

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Top 5 Tax Mistakes That Cost You Money

It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever…

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Switching Accountants – The How To Guide – As Easy As 123

Changing Accountants Switching your accountant, much the same as switching your gas and electricity supplier, can feel like a stressful task that you want to avoid even when you’re not fully satisfied with the services you’re getting. Sometimes people just want to avoid those awkward “goodbyes” and think that they have to endure this when…

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How To Avoid Late Filing Penalties – Self Assessment Tax Return

Many business owners will know that there are a few deadlines they face when running their own business. The most infamous deadline being their Self Assessment Tax Return. The deadline for this is almost invariably 31st January of the year following the tax year, so the deadline for the 16-17 tax year is 31st January…

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A Company Motorbike? It Makes Tax Sense!

Have You Ever Considered A Company Motorcycle? If not, here are some reasons for doing so…. At first glance, a company car may appear to be a fantastic perk, but once employees start looking at the emissions based company car tax they’ll have to pay, the luxury of having one may begin to seem like…

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