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Archive | May, 2011

When will more accountants join the Twitter revolution?

Elaine Clark, the MD of recently spoke to attendees at the CCH conference about the way social networking has helped her business grow.

Online accountants should take advantage of the cloud

Last week, accountants Manchester were once again on volcanic ash alert, this time courtesy of the Icelandic volcano Grimsvotn.

Penalties for late payment of PAYE are about to bite

Penalties for the late payment of PAYE have now been in place for a year but so far they have not had an impact.

16% of SMEs do not know how to obtain tax advice

10% of SME owners admit to missing tax deadlines and making late VAT payments and nearly 20% have lost out on tax breaks and grants, according to a survey by Clydesdale and Yorkshire Banks. 16% of the respondents said they were not sure how to get advice on regulation and 15% struggle to understand new rules.

Cameron says no thanks to EU corporate tax base proposal

Accountants will no doubt be interested to learn that David Cameron last week signalled his outright opposition to the European Union’s plan to build a common corporate tax base.

Reform of IR35 administration moves a step forward

Contractor accounts might be interested to learn that dedicated helplines are going to be set up by the government to improve IR35 administration.

IT contractor defeats HMRC over IR35 legislation

Contractor accountants might be interested to read that Elaine Richardson, an IT contractor trading as ECR Consulting, was recently victorious in her IR35 case. The judges at the tribunal hearing ruled that it was clear her business was genuine and therefore did not fall under IR35 legislation.

Are HMRC’s high net worth unit figures artificially inflated?

HMRC’s high net worth unit brought in £162 million in the last financial year, almost double the amount from the previous year, according to the Sunday Times.

HMRC announces new real-time information timetable

At the end of last week, HMRC finally published information to help accounting software suppliers to start building payroll technology. At the same time, it announced that companies will not be forced to file PAYE using new online technology.

Supreme Court rules in favour of HMRC in tax avoidance case

Accountants who try to exploit tax legislation might want to think again after the Supreme Court came down on the side of HMRC recently.