Ignoring tax saving opportunities could cost you a lot. Between now and 5th April is your last chance to cut your tax bill for the current year by utilising a series of perfectly legal steps.
The correct tax advice depends on your specific circumstances. Get in touch with David Charles to arrange your initial discussion with our tax specialist.
E: dcharles@adplus.co.uk
T: 0141 […]
On the 1st April 2019, almost all VAT-registered businesses will be required by HMRC to make digital VAT returns every quarter. Is your business ready?
You could invest in new digital accounting software and staff training, or you could relieve your business of the entire processing burden by outsourcing all your bookkeeping and VAT Return work to ad+ Chartered Accountants.
We regularly receive […]
You can switch to ad+ Chartered Accountants quickly and easily. We can take care of everything for you. Normally, we can transfer all your bookkeeping and accounting records in time for your next VAT Return. If you need a new accountant, have a look around our web site, or get in touch. We are always happy to chat with ambitious […]
The HMRC requirement to Make Tax Digital starts in April for most VAT-registered businesses.
Your business could benefit from this requirement if you redesign your bookkeeping, accounting, and management information processes in such way that you take advantage of the facility to automate much of the day-to-day bookkeeping work, and you get your accountant to prepare custom-made management accounts templates within […]
If you receive dividend income of more than £5,000 are liable to income tax on the excess. You must include that information on your self-assessment tax return.
If you have not submitted a tax return in previous years, you must now register with HMRC and submit a return. The registration process involves a couple of steps, and is likely to take […]
Begin with the end in mind
It is always essential to keep a clear head and remain focussed on your goals before considering any new challenge or possible opportunity. Property market conditions, tax and legal changes, should all be assessed in relation to their impact on your priorities.
For example, if your priority is long-term capital accumulation, focus on which market development […]
REGISTER NOW to learn what your business must change in order to comply with new the HMRC Making Tax Digital requirements.
Every quarter, your business will be required to provide an on-line update to HMRC of the amount of ‘taxable profit’ produced. That requires a lot of extra work by your staff and your accountant.
Will your bookkeeping staff cope with that […]
The VAT Flat Rate Scheme is welcomed by many small business owners because it simplifies the record keeping and calculation requirements associated with their quarterly VAT bill.
Although the VAT Flat Rate Scheme will continue, as of 1st April, HMRC is introducing a new system which will increase the amount of VAT payable by many businesses using that scheme.
HMRC defines a […]
If you receive rental income from residential property you are required to pay income tax on the profit you make.
Your profit is added to your other income to determine how much income tax you pay.
In order to arrive at your taxable profit, you are allowed to deduct qualifying revenue expenses (day-to-day running costs) and tax allowances. Recent change in one […]
There are a number of reasons why you (or a close family member) might take a loan from your company. Whether you need to bridge a personal cash shortfall, fund a house deposit, or purchase a car, you must ensure this cash advance has been planned accordingly, otherwise you could end up facing a larger than expected tax bill.
All loans […]