You say contractor, I say subcontractor, what’s the difference?

If you’re in the Construction Industry Scheme (CIS) you can be a contractor, a subcontractor or both. Do you know what you are?  Find out this and more in HMRC’s YouTube videos. Learn about being a subcontractor in CIS by watching our two short videos: Construction Industry Scheme for Sub-Contractors – Pt 1   Construction Industry… Read more »

Read more »

Useful HM Revenue & Customs Helpline and Orderline Numbers

Helpline and Orderline numbers Helpline – telephone advice and Orderline – for employers exempt from online filing obligations to order forms and guidance. Calls may be monitored for quality control and training purposes   To access a wide range of employer information at a time to suit you, visit the Employer pages on HMRC’s website… Read more »

Read more »

An Introduction to Penalties for Inaccuracies in Documents and Returns from HMRC

A short introductory HMRC presentation for tax agents covering the way in which penalties can be applied for inaccuracies in tax information, documents and returns supplied to HMRC. For more detailed information, please watch the longer presentation on the HMRC YouTube channel.

Read more »

In-year penalties for late filing of payroll information start from October 2014

From October, HM Revenue & Customs will be charging in-year penalties for late submissions, so please act now if you are still receiving Generic Notification Service (GNS) messages alerting you either that – you have sent in late submissions, or – you haven’t sent in the number we were expecting. There is information about what… Read more »

Read more »

Contractors always know how to do CIS – Right?

Contractors in the building industry are often very busy.  Now is a good time to make sure you’re getting everything right for the Construction Industry Scheme (CIS). Successful businesses normally plan ahead, so make sure you have the time to avoid making mistakes. Learn about being a contractor in CIS by watching our two short… Read more »

Read more »

Make sure your business records are in order before it’s too late

During September HMRC will be offering a range of help with your record keeping, including their ever-popular live webinars. If you run a limited company or partnership, the ‘Keeping Business Records’ webinars will be of interest to you.  If you are self employed, the ‘Record Keeping for the Self Employed’ webinars are most relevant to… Read more »

Read more »

What am I allowed to claim as a business expense? Part 2

Continuing the article What am I allowed to claim as a business expense? Accountancy, legal and professional fees You may choose to use an accountant or bookkeeper to prepare your businesses accounts and complete your tax return, but HMRC do not say that you have to. The cost of using a professional such as an… Read more »

Read more »

What am I allowed to claim as a business expense? Part 1

There are two types of expenditure a business may have: business expenditure capital expenditure This section will explain the difference between these two sorts of expenditure and give you a basic introduction to the type of expenses that you can claim. This section will also explain about simplified expenses and how they could benefit you…. Read more »

Read more »

What business records should I keep?

This article gives you details of the basic records you should keep. Having a good record system in place will help you run your business efficiently, save you time, and make it much easier to fill in your Self Assessment tax return. You must keep accurate business records, if you don’t then you may have… Read more »

Read more »

Just how smart is your phone?

You can use the camera on your smartphone or tablet for more than taking selfies… it can also help you to manage your business by keeping records of your receipts and invoices. There are a range of apps that can turn your device into a mobile accountant, to make managing your records easier. The apps… Read more »

Read more »

Government support to help grow your business

Thousands of businesses are applying for Growth Vouchers. It’s a government scheme that covers up to half the cost of getting professional advice for your business. Click here to apply. Growth Vouchers is a government scheme to help businesses like yours get strategic business advice. Businesses can get a grant of up to £2,000 towards… Read more »

Read more »

HMRC are offering live online help with your tax affairs

Thousands of small businesses have benefited from HMRC live webinars, and HMRC receive a lot of positive feedback about the service. If you haven’t attended one of their webinars yet, then you may be missing out on important help with your taxes. A few of HMRC’s upcoming webinars are listed below.  If you work in… Read more »

Read more »