…and how can you ensure your business survives?
Many Scottish business owners are considering refurbishing their premises, and so the ad+ tax team is often asked for advice on what expenditure will be eligible for tax relief?
Get the right advice
ad+ has helped many business owners with all aspects of tax relief claims. Refurbishments can disrupt normal working arrangements within your business, […]
If you’re self-employed, you probably know that you can claim legitimate business expenses and set them against your tax bill – but not all expenses qualify so it’s important to make sure your claim is valid. At ad+ we can help.
For example, unless something that you buy for your business is a capital asset, a computer or machinery (which you […]
HMRC has introduced penalties for employers who report their payroll information late from:
6th October 2014 for employers with 50 or more employees
6th March 2015 for employers with fewer than 50 employees
What Penalties are charged
You can get a penalty if:
Your Full Payment Submission (FPS) was late
You didn’t send the expected number of FPS’s
You didn’t send the Employer Payment Summary (EPS) when […]
No taxpayer is immune from HMRC investigations, no matter how good your records are. HMRC investigations can be worrying, stressful, and intrusive. Investigations are usually costly because you will require extensive professional advice.
ad+ insulates its clients from the unplanned fees caused by an HMRC investigation because Premier Protection is a condition of appointing ad+. Premier Protection is a tax investigation […]
Tax planning can be a broad and complex area. Unfortunately, many people ignore opportunities to save money on their taxes. We can assist by recommending appropriate solutions to help you save or reduce the tax you pay. With careful tax planning, it may be possible to mitigate taxes and make them much more manageable
Get Your FREE Guide to 2014/15 Year End […]
Tax Return Deadline
HMRC have been reminding everyone through radio, TV and the newspapers that the filing deadline for 2013/14 tax returns is 31st January 2015.
If your tax return is not received and accepted by HMRC prior to this date then a penalty of £100 will be charged even if there is no tax to pay. Any tax liabilities must also […]
With the countdown to Christmas well under way there may be some of us with a few gifts still to buy. Before resorting to the panic buying of gift vouchers stop and think about the bigger picture and consider whether there is an opportunity to not only make someone happy but to undertake tax planning at the same time.
There are […]
31 January 2015Tax returns – don’t leave it too late!
The deadline for filing your 2014 self assessment tax return online is 31 January 2015. Returns not filed by this date will result in a £100 penalty. Where the return has still not been submitted after three months, daily penalties of £10 will accrue, continuing […]
HMRC has announced that it will exempt employers with fewer than 50 staff from Real Time Information (RTI) late filing penalties until 6 March 2015. Until that date, they will be allowed to submit PAYE information monthly.
RTI requires employers to provide information about tax and National Insurance deductions every time they pay an employee rather than annually. The original deadline […]
Plan ahead for entrepreneurs’ relief
Entrepreneurs’ relief can be very valuable, potentially reducing the capital gains tax when selling a business from a rate of 28% to 10%. However, the relief is only available as long as the qualifying conditions are met. Because the conditions generally need to be met for 12 months prior to the disposal or the cessation of […]