Yorkshire Accountancy

BUSINESS ADVICE BLOG

Are The Rich Getting A Better Deal?

There have been worrying stories in the news recently about how it seems that those who are richer are getting a much better tax deal than everyone on ‘average’ incomes. The Public Accounts Committee even said that HMRC must not look as though it has one rule for the rich and another for everyone else. […]

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Ways To Cut Your Tax Bill

With just under two weeks to go until you need to have returned your 2015-2016 tax bill to HMRC, this isn’t always the most fun time of the year for many. But it still needs to be done. Take a look at some of these ways to ensure your tax bill is as low as […]

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Is It Possible To Spread Your Tax Bill Payments?

The deadline for the 2015-2016 self-assessment returns to be sent back to HMRC is 31st January 2017. On this date, you should also pay the tax that you owe. But it is possible to spread that tax bill if paying it in one lump sum is not possible. There are certain conditions attached, of course, […]

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Travel Costs: What Can You Claim?

Trading as a limited company is a great idea for many; it’s the best way to ensure that you are making the most of your business and your talents. But there can be pitfalls and confusion associated with starting a limited company (or even with a well-established one) that an accountant will be able to […]

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No More VAT FRS?

The FRS (flat rate scheme) for VAT that was introduced back in 2002 by HMRC was seen at the time as a great way to simplify the VAT system. Admin would be reduced, as would any complications regarding difficult calculations. What actually happened, however, was that companies were able to use the FRS to save […]

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Britain Is Officially Business Friendly

Britain is now tenth in the world when it comes to being business friendly in terms of tax. Well done us! The government has been striving to persuade other countries that Britain is a good place to be business, despite the (potentially) looming Brexit, and so this new rating is good news. In fact, we […]

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To VAT Or Not To VAT… That Is The Question

Some new businesses choose to register for VAT, and others don’t. Sometimes that can be a matter of choice (until the £83,000 turnover threshold is hit, of course, after which everyone (or rather, most people) will need to be registered. But for some it isn’t something that they need to worry about because they are […]

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One Third of High Net Worth Are Under HMRC Investigation

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22.3″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.0.74″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]In an astonishing statistic just released by the National Audit Office (NAO), it would appear that one third of all those with a high net worth (ie anything over £10 million) is under investigation by HMRC – they […]

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Will Airbnb Owners Have To Pay Extra Taxes?

Airbnb is an ever-growing and rather handy way of making some extra cash by renting out your home on a short term basis. Travellers and business people take advantage of finding home from home (literally) comforts in the exact places they need and want to be. Recently, however, Airbnb has been forced to share data […]

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Working From Home: What About Electricity?

Working From Home? Electricity Expenses Explained. Working from home, often as a sole trader certainly has its pros and cons, and, either love it or hate it, it is growing more and more essential to have a home office rather than commute. Claiming tax relief on certain items when working in this fashion can save […]

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New Fines For Tax Avoidance ‘Peddlers’

The government has recently put forward plans for heavy fines for anyone caught ‘peddling’ tax avoidance schemes. At the moment, there are not many penalties for those people who sell tax avoidance schemes to the rich and to companies in order for them to exploit current taxation laws. However, these new plans will see ‘enablers’ […]

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Does Facebook Owe $5 Billion?

There always seem to be stories in the news about this big company or that who should have paid tax but didn’t. And there always seems to be a reason behind it. Whether or not that reason makes sense, and whether or not the public agree with it, it doesn’t seem to matter. At least […]

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