Do you know anyone who rents out a property?

Anyone who receives income from letting a property has to declare it to HMRC even if you don’t make a profit. This needs to be done everey year on a self assessment tax return.

Only 8 days to go….

Only 8 days to go to submit your self assessment tax return! Don’t forget to actually pay the bill as well. Details of how to pay are here:

Child Benefit Changes – What can you do about it?

From 7th January, families with children and one parent with income of more than £60,000 per year, will no longer be eligible for Child Benefit and those earning between £50,000 and £60,000 will have their Child Benefit entitlement reduced by a High Income Charge.

Tax services for Entertainers

We work with a wide range of entertainers including full-time and semi-professional magicians, hobbyists, magic societies, clowns, illusionists, Punch and Judy professors, magic prop ebay sellers and lecturers.

What can I claim for the christmas party?

It’s nearly that time of year again – time to organise the work’s Christmas party. So what can you claim from HMRC? HMRC allow an exemption from tax, National Insurance and reporting if it’s an annual event, open to all employees and costs no more than £150 per head. If the event costs more than […]

3 out of 5 complaints from taxpayers to HMRC in 2010-11 upheld… by HMRC

Well over half of complaints by UK taxpayers to HM Revenue & Customs (HMRC) in 2010-11 (latest available year) resulted in HMRC admitting to mistakes, according to Pinsent Masons, the international law firm. Complaints received by HMRC’s internal complaints system hit 58,110 in 2010-11 (year end 31 March). Of complaints decided in that year, HMRC […]

Are you an employer? – Real Time Information is on its way

In April 2013, HMRC is introducing a new way of reporting PAYE : Real Time Information, or RTI. ‘Real Time Information’ means that employers and pension providers will tell HMRC about PAYE payments at the time they are made as part of their payroll process rather than at the end of the year as per […]

We have opened another office!

We have just opened an additional office in Southwick, West Sussex so we can help more clients across a wider area. If you are looking for an accountant in Southwick, want help with your bookkeeping or need tax advice why not pop in and see us. Our new office address is 5 Green Mews, The […]

Have you received a redundancy payment in the past few years?

If you have been unlucky (or lucky depending on your point of view!) enough to have been made redundant in the past couple of years it is worth checking the amount of tax you paid on any redundancy payment you received. I have seen a few clients over the past month where they have had […]

You may work for yourself but the taxman may not see it that way!

You might run your own company but HMRC may think you should be treated as an employee for tax purposes if the ‘IR35’ rules apply to you. HMRC have recently issued some guidelines that you can use to assess your situation to determine the likelihood of falling into this category and being looked at by HMRC. IR35 rules apply […]