Where an annual Christmas party is open to staff generally, HM Revenue & Customs (HMRC) will treat expenditure of up to £150 per head per annum as tax free. ‘£150 per head’ means the total cost of the function, including VAT and any transport or accommodation provided by employer, divided by the number of people …
It’s really quite funny but when I speak to people about “tenders” it can conjure up mixed messages! So people think it’s a way of being kind and gentle (wrong in this context!), others simply shrug and say “isn’t that what you have to do to work for the council?” or even the fact that …
Google Places is a great way to put more content about your business on the internet, which all helps to publicise your business. You can put some details about your services, opening times, photos, and a link to your website. It’s free, the only buy brand cialis cost is 15 minutes of your time. You …
If you have a business, the following are some of the more common tax deadlines coming up in October. VAT If your VAT quarter end is 30 September, you need to submit your return by 31 October (paper) or 7 November (online). Your payment is usually the same as the due date for your return. …
Quite a few people have common perceptions of limited companies and the consequences of trading through one. We thought it useful to summarise some of the more common ones, which are actually myths, which we hear mentioned when explaining about how a company operates. Directors have to be shareholders In many small and family sized …
Late filing penalties for personal tax returns issued by HM Revenue and Customs (HMRC) used to be quite simple. They consisted of 2 x £100, which were limited to the amount of tax actually due. For example: For tax year 2010 (year to 5 April 2010), the tax return was due by 31 January 2011. …
When you start a new business, there are a thousand and one things that need doing and everything takes priority. The main focus for start ups is on promoting the business, as without sales there is no business. However, finances are also important, especially if you produce invoices for the goods or services you sell. With this in …
What are KPI’s? KPI’s are Key Performance Indicators. They are used to measure the success of a business. Isn’t that the same as a profit and loss account? No a profit and loss account measures the profitability of a business for a specific period – a year, 6 months, 3 months, or even 1 month. …
If you have a business, the following are some of the more common tax deadlines coming up in September. VAT If your VAT quarter end is 31 August, you need to submit your return by 30 September (paper) or 7 October (online). Your payment is usually the same as the due date for your …
This is a scam that has been going around for the last couple of years. You receive an email supposedly from HM Revenue and Customs indicated that a tax refund is due, and all they need are your bank details to repay you. Do not reply, it’s a scam. Firstly, HM Revenue and Customs will …