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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…
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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…
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Do You Need to Submit a Tax Return?
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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…
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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…
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Limited Companies: Annual Return to be a ‘Confirmation Statement’
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Cash Sales Business? Check your Cash Register Records Carefully
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News: Online Petition Against Filing Tax Returns Four Times a Year
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HMRC and Late Filing Penalties – No New News!
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Tax Credits Changes and the Risk of Overpayment
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Taxation – The Intentions of the Main Political Parties
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New Marriage Allowance Tax Break