AshleySmith

01

May2015
It’s common for new businesses to incur hefty start-up costs.  While you can claim a tax deduction from profits for these, tricky rules mean you might not be entitled to reclaim all the VAT.  What steps can you take to maximise the VAT recovery? Pre-registration rules Special rules exist to ... Read More

01

May2015

Cloud Accounting

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Having had a number of meetings this week about "the cloud" it would appear that whatever way you turn it is a buzz word looming over accounting software.  There are the benefits of being able to access your information from anywhere with an internet connection, with the problems that arise ... Read More

23

Jan2015
David Savill, head of owner managed business services at Bishop Fleming, appears to have disappeared from HMRC's records.  All this despite not having moved from his home in 17 years. "Having paid considerable sums in tax every year for three decades, and not having moved home for 17 years, I could ... Read More

22

Jan2015
Directors at HMRC have defended their management of the 400 tax reliefs in the UK, despite admitting that they don't know how much some of them cost. A report by ... Read More

22

Jan2015
Up to three million people with more than one source of income face backdated tax bills of £2,000 per year because of errors by HM Revenue & Customs. Among those most likely to be affected are veterans who have taken a civilian job after leaving ... Read More

14

Feb2014

HMRC enquiry centre closures

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ALL 281 of HM Revenue & Customs' enquiry centres are to be mothballed following a successful seven-month trial of alternatives in the north east. In its place, HM Revenue & Customs is to introduce a "flexible" telephone service, while visits can be made to "a range of convenient locations" including taxpayers' ... Read More

02

Sep2013

Crack down on duality of purpose

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As most of you are aware there are a number of expenditure items that are dealt with in your accounts that have both a business and private element. The biggest example would be motor expenses, where all of the expense is shown in the accounts and then an adjustment is ... Read More

10

Aug2013
5 good reasons to appoint an accountant: Save time – we all need more time and this is one way to get it. How you choose to spend that time is up to you; extra time playing with your children; extra time spent working on your business, not in it, to ... Read More

04

Aug2013

More HMRC taskforces

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New HMRC taskforces are set to tackle the East Anglia holiday industry, people in London fraudulently claiming VAT refunds and the Northern Ireland restaurant trade. The taskforces have brought in more than £70m since 2011/12.

02

Aug2013

Office outing

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A lovely day to enjoy our office outing. It started with a bit of a hectic dart for the train, due to an accident on the outskirts of Plymouth. However, once we got going a believe the day was enjoyed by all. The train ride to Calstock gave us ... Read More