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Archive | August, 2011

Let riot affected firms use TTP scheme for a second time, says FSB

After the recent violent disorder, the FSB has called on HMRC to let small businesses that have already taken advantage of the Time to Pay scheme use it again.

Cloud accounting software can be beneficial to SMEs

Online accountants often find that their clients are using outdated accounting software packages. Typically with SMEs, this is because of a fear of the unknown.

HMRC sets up Civil Disorder helpline

Accountants may be interested to learn that HMRC has stepped in to help small businesses that suffered during the riots that swept across parts of the UK last week.

The 50p rate of income tax is here to stay; at least for now

Online accountants may wish to be aware that the government has denied suggestions that it plans to reduce the top rate of income tax to 45p in the pound, instead of the current 50p.

Older accountants have not planned properly for retirement

The Chartered Accountants Benevolent Association says that debt laden older accountants are finding themselves in financial difficulties because they have not planned sufficiently for their retirement.

HMRC loses another IR35 appeal case

Accountants may be interested to learn that HMRC lost another IR35 appeal case last month.

Accountants should help plumbers get tax in order this month

Contractor accountants who help self-employed plumbers and gas fitters may want to remind their clients that they only have until the end of this month to sort out their tax affairs.

Get a mobile app with Sage 50 Accounts 2012

Accountants may like to know that Sage, the accounting software giant, has just launched Sage 50 Accounts 2012 which comes with a smartphone application so that users can enter data from their Blackberry and iPhone devices.

Salary sacrifice schemes to attract VAT

Accountants should be aware that HMRC has now clarified its stance on salary sacrifice schemes.

HMRC must improve its service to accountants

The Low Income Tax Reform Group has advised people who missed the deadline for tax credit renewal that there is still time to have their application processed.