Entries by Mark

Possible Reforms to Intestacy Rules

Firstly we should mention that we are not solicitors and therefore you should seek professional advice (e.g. a solicitor) before making a will. What we did want to report on, however, is that the Ministry of Justice is proposing some changes to the intestacy rules governing England and Wales. The changes would affect the scenario […]

Stocks & Shares ISAs …

The Pros and Cons of ‘Pound Cost Averaging’ ISAs represent a tax-efficient vehicle for savings because any interest gained on them does not attract tax. At Taxfile, particularly in respect of Stocks & Shares ISAs, we’re often asked whether a lump sum investment is better or worse than a regular ‘drip-feed’ of smaller payments. If […]

HMRC now see payments you receive via credit card!

On September 1st 2013 new legislation kicked in which allows HMRC automatic access to data showing payments made to businesses via credit card, going back as long as 4 years. HMRC will receive this information direct from the companies who process credit card payments on behalf of businesses (‘merchant acquirers’). No personal data identifying the […]

New brochure available for download

Have you ever wondered what other services the Taxfile group can help you with? Well, find all the answers in the new downloadable brochure, which outlines services undertaken at the various different offices in both South London and Exeter, Devon. From accountancy and bookkeeping for SMBs to simple tax returns for individuals and right through […]

HMRC launches site for those with undeclared income

HMRC has launched a new mini-site aimed at those with undeclared income. “We’re closing in” they say, using new technology and additional staff. They follow it up to say “if you have any income you haven’t told us about, you need to declare it before we catch you”. So the site aims to encourage relevant […]

Taxfile: Finalist for 2 more awards!

Taxfile are proud to announce that they are finalists in 2 categories in the 2012 Lambeth Business Awards. The categories are: Best Small Business (which they won last year) and … the Award For Innovation It would be thrilling to win Best Small Business for a second year running! To have been nominated and actually […]