Tag: Accountants in Torquay

  • Budget March 2017

    Not sure quite what happened in the Budget? Worried about how the changes could affect you? Here are two documents for you to read and download if you wish which contain all the facts and lots of figures. One document is a summary of the Budget statements and intentions, and the other shows all the…

  • National Minimum Wage: New Rates From April 2017

    Did you know the National Minimum Wage is changing again? At Vincent & Co we aim to keep you up-to-date with all the latest news from HMRC, so here are the details of the new National Minimum Wage: Effective from April 2017 the National Minimum Wage rates will be increasing again. Please be aware that…

  • Do You Need to Submit a Tax Return?

    Many people are not sure if they need to send a tax return to HMRC.  This article gives you advice direct from them but if you are still unsure then please contact Vincent & Co. for a confidential meeting to discuss your personal situation.   You’ll need to send a tax return if, in the…

  • Christmas Holiday Opening Times

    The Christmas holidays are fast approaching and at Vincent & Co. we are all looking forward to enjoying ourselves! We will be closing our offices for the festivities at 4.00pm on 23rd December and re-open on 3rd January at 8.30am. If you need to contact us outside of these times please let us know and we will…

  • VAT Returns – Remember to Keep Records

    It’s a basic check that needs to be done every year – reconciling the sales reported on your VAT returns to those in your annual accounts. HMRC will do this, so if there are differences, the tax inspector is likely to ask questions. There are several reasons why the sales reported in your accounts may…

  • Tax Paid By Deceased Estates

    When an individual dies it can take months or even years to wind up the estate and pay out the funds to all beneficiaries. In the meantime, those funds may earn bank interest. Since 6 April 2016, interest from banks, building societies and NS&I is paid without tax deducted, but it is taxable. Most people…

  • Surprise! Surprise! HMRC Calling

    According to recent reports HMRC has increased the number of small business investigations and they continue to be seen as soft targets. About 7% of tax inspections are random, the majority are triggered because HMRC believes that something is wrong. What can you do to reduce your chances of being selected? File your tax returns…

  • Limited Companies: Annual Return to be a ‘Confirmation Statement’

    On 30th June the document we know fondly as the Annual Return is to be replaced by a new ‘Confirmation Statement’.

  • Cash Sales Business? Check your Cash Register Records Carefully

    As the owner or manager of a cash sales business, how often do you check the records on your cash register?

  • News: Online Petition Against Filing Tax Returns Four Times a Year

    The Daily Telegraph reveals that more than 100,000 small business owners and self-employed workers have joined forces to fight a Government proposal that would force them to file tax returns four times a year instead of annually.

  • Changes to Dividend Tax Rates

    In the summer Budget there was an announcement about changes to dividend taxes from April 2016. All taxpayers will have a dividend allowance of £5,000 a year at the new tax rate – which is better for many small investors seeking income from their shareholding.

  • HMRC and Late Filing Penalties – No New News!

    Have you seen the recent news coverage about HMRC cancelling their usually strict £100 penalty if you are late with your tax returns? We need to tell you that this is not new news!