AW Accountant in Kent

Get advice and plan early for the most tax opportunities

I have just signed up a client who has a limited company which he set up over a year ago although he did not start trading until the current tax tax.  From previous posts you will be aware that one of my recommendations for the biggest tax saving opportunities read more

Twitter Tax Advice week 2010-03-08

• RT @DarrenTMH: BBC News – How men in grey suits changed the world http://bit.ly/cx7C3i – #accountants #
• RT @gedrobinson: I hate myself for liking it as it is so unethical and planet destroying but I can’t wait for the #F1 season. – Agreed #
• Just received mailshot for OWG Networking breakfast 16 March, event also in Linked #In http://bit.ly/c56eGD-please join us + RT #
• RT @TaxationWeb: Tax year end tips: LITRG offers some tips to consider before the tax year end on 5 April http://bit.ly/c4K363 #
• How accountants shaped the modern world, a brief history of double entry on BBC R4 http://ow.ly/1e9Ra #
• Latest post on why you should have an accountant and how to choose one http://bit.ly/bM0fJr # read more

Why you should have an accountant and how to choose one

As new research from business software and services provider Sage shows that

accountants are now seen as the most trusted source of business advice

for UK firms, we consider why you should have an accountant and how to choose one.

A qualified accountant is an experienced professional read more

VAT Flat Rate Scheme

The Flat Rate Scheme was introduced to simplify accounting for VAT for small businesses turning over less than £150k net of VAT.  Rather than calculating the VAT on individual sales and purchases you just work out the figure due to HMRC based on a percentage of gross (VAT inclusive) sales receipts. read more

Twitter Weekly Updates for 2009-12-13

• RT @BookMarkLee: RT @louhowells: @alexholyroar Twitter dos and don’ts in Taxation mag http://bit.ly/4xwCJ2- all professionals should read #
• Widening plans for A21 between Tonbridge and Pembury http://bit.ly/4paHOp – Been talking about it since I was at school!! #
• @JonnieJensen In all seriousness I hope you get it sorted out quick, nothing like a family crisis to remind you who the important ones are in reply to JonnieJensen #
• @JonnieJensen £350 sounds cheap for a new wife in reply to JonnieJensen #
• Testimonial for the website and another business to deal with from the same client. #
• Off to see some clients and deliver some Christmas cards. Good PR trip #
• @charmermark They are doing some great work, I chatted with Marianne and the others when I taught them on ITQ course in London in reply to charmermark #
• Advising client regarding underpaid tax due to wrong tax code being applied by previous employer #
• HMRC Business Payments Support Service approves 220k tax payment plans rejects only 6k http://ow.ly/IH2x #
• Waiting with interest government £200 boiler scheme criteria, we may be able to benefit. #
• 1st secondary school parents evening, daughter doing really well, excellent reports. Obviously gets it from her parents. #
• RT @Generic_JamminRT @RogerHighfieldUK science budget cut by £600million – A dark, dark day for British science http://bit.ly/8DoOMk#pbr09 #
• #PBR09 A summary of the Pre Budget Report is now available on the blog page of my new website. Check out http://bit.ly/8vRX01 #
• A summary of the Pre Budget Report is now available on the blog page of my new website. Check out http://bit.ly/8vRX01 #
• #PBR09 IHT threshold to remain at £325k next year (was going up to £350k) #
• #PBR09 Banker bashing – banks will be charged a one off levy of 50% on bonuses over 25k – expected to raise £0.5billlion #
• #PBR09 “Fair” tax increased will repay the debt #
• #PBR09 Growth rates expected to be (as previously forecast) 1.5% 2010, 3.5% 2011/12 #
• #PBR09 Child and disability benefits to incr by 2.5% too #
• #PBR Basic state pension increase by 2.5% (in time of negative inflation) #
• #PBR under 24s unemployed for 6 months will receive guaranteed training and more support for over 50s #
• #PBR Small co corporation tax rate stays same #
• #PBR Empty commercial property relief continues #
• #PBR Confirms VAT will increase to 17.5% from 1 Jan, no other changes planned for VAT #
• #PBR UK economy to start growing by turn of the year #
• Advised client on UK residency for self and company #
• Electricity meter man here, will be down for 15 minutes, just enough time to boil the kettle first! Back soon #
• Pre budget report will affect everyone, will Tweet details. Electricity meter being changed today no doubt at same time as speech! #
• Dormant company accounts and Annual Return completed for a client wanting to retain a business name at Companies House #
• Emailed pdfs to client in France lost their content, so much for electronic communication. Ideas anyone? #
• Under new Companies Act you have to advise Co House which country you live in and log the date of the change – more bureaucracy! #
• @sbartholomew Look forward to having a face2face chat at next #tuttle. Thanks for the offer of passing my details on. in reply to sbartholomew #
• @sbartholomew And finally good for me as I can keep busy throughout year! Anyone looking for accounts or tax returns pls call now! in reply to sbartholomew #
• @sbartholomew Also can be useful for #tax planning as you are not restricted by accounts and personal tax having same year end in reply to sbartholomew #
• @sbartholomew Dec year end good if business works in calendar years ie started Jan or seasonal business (farming). Works best for Ltd cos in reply to sbartholomew #
• ..then potential client with an interesting history at Companies House, late returns and accounts – needs someone on their case, is it me?? #
• Visiting client with Dec 09 year end to have a look at accounts so far and see if any tax planning poss #
• Good to meet @fellowcreative @davidbahai @becomeknown @kentpictures and others at #Tuttle 101. A pity my sch tweet on Hootsuite #fail ed #
• @fellowcreative Just about on my way to #Tuttle.101 9:30am http://bit.ly/69GxYL in reply to fellowcreative #

Twitter Weekly Updates for 2009-12-07

• RT @efficiencycoach: about to start a new business? Must read article… http://bit.ly/NRz1K Some great advice here esp #2 and #10 #
• Visit to opticians today reminded me employers can pay for employees sight tests and glasses if solely related to VDU use. #
• @toggleuk Xmas cards look great, did you say you had some laptop sleeves like iPhone covers (my Garmin would like one too!) #
• @JonnieJensen Website looked great on @becomeknown iphone at Ship and Trades #chatham, not showing now – live later? in reply to JonnieJensen #
• Self employed in your 2nd year in growing business – beware of high tax bills in January because of tax catching up #
• Have been asked (or did I volunteer?) to do a presentation,to “Mum-preneurs” on setting up in business,in T Wells in Jan #
• Driving a company van? Make sure you have no significant private use and there will be no personal tax to pay http://ow.ly/IuMS #
• VAT increase on the cards post election (20%?), OU Bus School reckons not until 2012 as economy too fragile http://bit.ly/7IBZji #
• @thegovier As I drove home tonight there were a number of garages with prices around the 108 mark which is not far off #HMRC calcs in reply to thegovier #
• Company cars – updated advisory fuel rates from 1 December 2009 http://bit.ly/UP3A4 #
• To avoid penalties and VAT increase get your Tax Return done this month. #
• Great time with @jonniejensen looking at new AW Accounting website today, for any WordPress queries ask him not me! Going live soon! #
• Staff entertaining rates for 2009/10 – max of £150pa providing all staff are invited #
• Gifts for customers-you can make gifts up to a value of £50 per year as long as they are not food/drink and marked with your Co name/logo #
• @yellowpark Not had a problem that I noticed except when unplugged USB during download. At #Tuttle 101 on Monday?? in reply to yellowpark #
• Great time at #Dartford FC networking this morning. More stories of accountants not communicating with their clients. Accountant=adviser! #
• @yellowpark Maplin just replaced my “£59.99″ USB weather station bought 11 months ago. Rain gauge stopped working #fail in reply to yellowpark #
• Still room for 4 at the Ellenor Lions #Gravesend networking event on Friday. Call Linda Trew 01322 422845, Linda.Trew@ellenorlions.org #
• @amyaccountant Twitter is really all about sharing ideas and collaboration – great to see you using to its potential. Will watch and learn! in reply to amyaccountant #
• Just recd Organ Donation Card, http://bit.ly/88nbWu got around to it as a friend Peter is having liver transplant v soon- Reg Now! #
• HMRC advice for businesses on the change of VAT rate to 17.5% from 1 Jan. Admin nightmare once again! http://bit.ly/558sEm #
• Existing businesses with turnover>£100k and all new regns after 1/4/10 will have to file VAT Ret online http://bit.ly/6oJnlP #