Using the cash basis to prepare your tax return – coming soon!

Preparing your accounts for income tax purposes – the cash basis You may have heard that the Government has been considering whether to allow some small businesses to compute taxable profits for the purposes of income tax on a cash basis rather than the usual accruals basis. The Finance Act 2013 now allows this option. […]

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High Income Benefit Charge

With effect from January 2013, those receiving child benefit and with net adjusted income of £50k or more will be taxed such that all the benefit is reduced to zero at £60k. […]

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Pension – update on forthcoming changes

The biggest change in years is around auto enrolment.  Under this, companies will be required to have a company pension scheme available to all employees and for employers to make contributions. […]

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Selling on Ebay ? – Is it a hobby or a business?

HMRC do monitor ebay shops for traders who have failed to register their business with them. When you start a business, you need to register with HMRC within 3 months – see our reference page and useful numbers for the telephone number to do this. There is a big difference in selling unwanted personal items and selling as a […]

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