Accountants will be well aware that today is the final day for submitting online self-assessment tax returns and paying the income tax due to HMRC for the financial year ending April 2011.
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According to the support group, the Chartered Accountants Benevolent Association, accountants are racking up their debts despite the current economic situation.
Contractor accountants who did not enjoy a rate increase last year may take solace from the fact that a large majority of permanent employees either did not receive a pay rise or had their salary cut in 2011.
Accountants north of the border may want to keep a close eye on the financial affairs of their clients after accountancy firm PKF predicted that an increasing number of Scots will go bankrupt this year.
Online accountants may like to consider making some New Year resolutions to help make their working life a bit easier.
Accountants may be interested to learn that some industry bodies have united to urge the government to do something about the late payment problem that has been blighting small businesses since the start of the recession.
Accountants will probably know that an increasing number of small businesses have taken to the cloud. Now, a new company called Hosted Accountants has been launched to provide IT support and virtual hosted desktops to UK contractor accountants.
Accountants who have continued to use MYOB accounting software will be pleased to learn that it is no longer going to be deactivated at the end of this year.
Contractor accountants may be pleased to learn that George Osborne released a bit of early festive spirit when he announced that the VAT on the charity X-Factor Christmas single is to be waived.
Could we be about to see more people opting to be contractor accountants after the news that an increasing number of unemployed accountants are turning the Chartered Accountants’ Benevolent Association for help?