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Archive for 2014

52 articles in Archive
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If you are beware - any gift which can be exchanged for cash i.e. a gift voucher is a taxable benefit and must be reported on a P11D Expenses and Benefit declaration at the end of the tax year. However gifts of a trivial nature are not taxable. …
Yes - all workers are entitled to paid holiday which begins to accrue as soon as they start their job. This includes casual workers who may work one day a week or sporadically as needed. Irregular workers will have their paid leave calculated…
The Christmas and New Year break is a good time to reflect on all that is good and not so good with your business. Business owners have chance to step back and take time to look at what works, what doesn't and what could be better as well as planning for the coming year.…
The VAT Flat Rate scheme is available to businesses with turnover up to £150,000 per annum. It is advantageous to small businesses as the VAT payable to HMRC is calculated as a percentage of gross sales rather than 20% of net sales less 20% of VATable purchases. It makes calculating VAT due much more straightforward, record keeping is easier AND you are likely to pay less. Always an advantage!…
Did you know that you can't reclaim the VAT paid when purchasing a car even if you use it mainly for your business - unless your business is a driving school or taxi service? However if you lease a car for use in your business…
The recent ruling that workers who receive regular overtime payments as part of their normal pay must receive holiday pay based on their total earnings will affect small businesses significantly. Fortunately, for the time being at least,…
VAT records must be kept for six years although HMRC are only allowed to adjust returns going back four years plus the current period. …
Some of our clients joined us on Friday at a seminar about Pension Auto-Enrolment which we held with in conjunction with a local pension company, I think we were all pretty surpised to find out what is expected of small business owners and even more so at the penalties which can be imposed for not complying. Small businesses will be required to put an appropriate pension scheme in place by their Staging Date which will be between 2015 and 2017.…
Come and join us at our New Business Workshop on Thursday 27th November 2014 at our premises in Salisbury where you will have an opportunity to ask the questions you need answered when starting out in business. We will also advise you what you need to keep your accounts correctly in line with HMRC's record keeping expectations.…
Lots of service suppliers add "disbursements" to their invoice - solicitors and accountants are an example - but what is a disbursement? …
52 articles in Archive
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Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

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