Taxation

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Four reasons why your small business needs an accountant

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When you make the decision to start a small business, you will probably have a host of questions. You will also be trying to keep expenses as low as possible, and outsourcing to an accountant may seem like an extra cost. However, an accountant that specialises in small businesses will be able to answer all your questions, providing advice that could make the difference between success and failure ...
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Choose the right accountant/tax adviser for you or your business

accountant in ilford
Tips on how to choose the right accountant/tax adviser for you or your business It is important to choose your accountant/tax adviser carefully. Here are a few tips to help you. If you have not used an adviser before you should be aware that anyone can call themselves an accountant/tax adviser whether or not they are professionally qualified. There are some non-qualified advisers who may ...
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Spring Budget 2017: 21 things you need to know

Spring budget 2017
1. The economic forecast Growth in the UK economy picked up through 2016. Employment has reached a record high of 31.8 million people. The Office for Budget Responsibility (OBR) now forecasts that the UK economy will grow by 2% in 2017. The OBR also forecast that the economy will grow at a slightly slower rate in 2018, before picking up to 2% in 2021. 2. Cutting borrowing and stabilising the ...
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How Can I Reduce My Self Assessment Bill?

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A Self Assessment bill can come as something of a shock. The idea of having to pay your entire year’s tax bill in one or two instalments is a daunting one, particularly if you are earning less than you did in the previous year. But, while self assessment taxpayers are at something of a disadvantage in one sense, they benefit from the ability to take extra steps to minimise their tax bill. There...
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Self Assesmnet Tax Return – Deadlines and Penalties

Tax return services in ilford, Self Assesment
Deadlines and Penalties If you receive a Tax Return, you are legally obliged to complete it, even if you think it is not relevant to you. If you do not submit a completed Tax Return, you will be fined and HMRC may issue an estimated tax bill (called a ‘determination’). This estimated bill will stand until you send in the completed Tax Return. You have only three years from the 31 January filin...
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