Providing Fuel For Employees 29/06/2006
It is suprising how many employers still provide fuel along with company cars as this approach is very often not economic. With a scale charge at 15-35 per cent calculated on the fixed sum of £14,499, many drivers would find it cheaper to pay for all fuel than pay the tax charge. |
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Verifying Subcontractors 29/06/2006
Verification is a new process where you can check to see whether to pay a subcontractor gross or net. However, unlike the old system where the subcontractor would show you a card or certificate, its now up to you to 'verify' their details direct with HMRC. But you don’t have to do that all the time. In fact, most existing subcontractors do not need to be verified... |
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Profit Extraction - How much can i take out? 24/10/2005
This is possibly the time of year when taking out an extra dividend would help with your personal cash flow. What’s the maximum dividend you can take out this year in light of the new rule introduced by Gordon Brown? |
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AUDIT EXEMPTION RULES 14/04/2005
The following rules governing audit exemption came into force for accounting periods ending on or after 30 March 2004
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Investigation Blitz - Be prepared 28/01/2003
Tax receipts resulting from Inland Revenue compliance investigations are down from £4.5 billion in2000-2001 to £3.8 billion in 2001-2002. |
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Help from the Revenue 17/10/2002
Business Support Teams are the Revenue’s main line of direct practical help for smaller employers, and they will visit clients on their business premises at an agreed time to give help with any aspect of payroll. |
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Low emission cars 07/10/2002
Expenditure on cars qualifies for allowances at 25% a year on the reducing balance basis, subject to a maximum yearly amount of £3,000. |
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To Incorporate or not? 24/09/2002
The Current trend would have us believe that it is better for small businesses to incorporate because the tax advantages are significant. |
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