Information Required on Your Letterhead

By Gary Robinson / September 5, 2019

If you have two addresses that you use for business one where the business activities take place e.g. workshop, office then this should to be at the top so it is clear should they need to visit or write to you. Trading Address Registered Office Address The registered office address is for limited companies only…

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HMRC Ways to Uncover Unpaid Tax

By Gary Robinson / August 29, 2019

HM Revenue & Customs Having Access to Your Bank Account HMRC direct recovery of debts has been in force 06 May 2014 and they wanted parliament to introduce new powers in next year’s finance bill which would allow them to dip into to debtor’s bank accounts without any independent oversight. HM Revenue & Customs Officers…

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Do you keep the required documents

By Gary Robinson / August 22, 2019

Having the Right Documents to Back Up the Accounts As a director of a company you have an obligation to submit your accounts to HM Revenue & Customs whether this is done by the company or your accountant. They will then do internal checks to make sure that your company is paying the right amount…

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Tax Going Digital

By Gary Robinson / August 15, 2019

Cloud Accounting and Bookkeeping Overview There is now the opportunity to have you cloud accounting software which means you no longer need to have this installed on your desktop you can access this via an internet connection from anywhere. This will avoid the upgrades like with Sage as you will always have the latest version…

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Advisory Fuel Rates from 1 March 2019

By Gary Robinson / March 27, 2019

The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Changes to the advisory fuel rates from 1 March 2019  Engine Size  Petrol  Diesel  LPG  1400cc or less  11p (12p)    7p (8p)  1401cc – 2000cc  14p (15p)    8p (10p)  Over 2000cc  21p (22p)    13 (15p)  1600cc or less  …

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Case Study SAR Transport

By Gary Robinson / March 27, 2019

This company was incorporated in 2011 and its trade was distributing newspapers from their depo to customer mainly major newsagents anyone who sold the papers. We set them up for VAT and Payroll with HMRC and they had 3-4 staff.                  When we were preparing the financial statements, we noticed that there was no payment for…

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