by Alastair Wood | Aug 15, 2013 | Tax Advice
You must register for VAT if your turnover for the last 12 months is greater than £79,000 (2013/14) or you expect it to go over that limit in the next month, however there are situations where it may be worth registering if you are under the limit: If all of your...
by Alastair Wood | Jul 18, 2013 | Tax Advice
I have just had a very interesting meeting with a childcare voucher provider and there are definite savings to be made for both the employer and employee and there is very little administration from either perspective. Requirements There must be an employer, this...
by Alastair Wood | Jul 4, 2013 | Tax Advice
The government is trying to encourage people back to work, but there are some current topical issues to consider when you have children: Child tax credits For lower income families tax credits are available based on your taxable income and for business owners most of...
by Alastair Wood | Apr 10, 2013 | Tax Advice
A new tax year and more red tape as employers must now submit an RTI (Real Time Information) report before every payday. For weekly paid employees the first return is probably due this week and we have already trained one client in the process which in all honesty is...
by Alastair Wood | Mar 28, 2013 | Tax Advice
It has been generally acknowledged that the Budget was a little underwhelming or a damp squib, there was very little for the SME market and actually most of the changes had already been released. These were For individuals The main change was the increase in the...
by Alastair Wood | Mar 20, 2013 | Tax Advice
Despite a raucous Commons and the speaker saying that pantomime season is not for another 9 months there were not many noteworthy changes announced to elicit this reaction. The summary of the state of the economy was in brief: inflation target remains at 2%; OBR has...
