LATEST POSTS
- The Early Bird Catches the Worm — The Benefits of Acting on Taxes Sooner
- Do I Need to Register for Self-Assessment?
- Filing with Companies House – A Guide for Limited Companies
- Demystifying the SA302: Your Tax Summary Explained
- Guide to the Employer Payment Summary (EPS) – for Limited Companies within the CIS
OPENING HOURS
Monday: 9 am-6 pm
Tuesday: 9 am-5 pm
Wednesday: 9 am-4 pm
Thursday: 9 am-3 pm
Friday: 9 am-2 pm
Saturday: 9 am-1 pm*
Sunday: Closed
* By appointment only
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LONDON OFFICE:
Taxfile,
25 Thurlow Park Road,
Tulse Hill, London
SE21 8JP.
Tel: +44(0)20 8761 8000
Email: info@taxfile.co.uk
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For accounting help and tax advice in Devon, the West Country and the South West, visit guybridger.com
The Shocking Truth about Tax on the Poor
/in Council Tax, Higher rate tax payers, HM Revenue and Customs, HMRC, Income tax, London, National Insurance, NI Class 3, NIC's, South London, Tax, Tax advisers, Tax agents, Tax liability, Tax returns, Taxpayers, Value Added Tax, VAT/by MarkHave you ever wondered how much of one’s total income is taken up in tax? And I don’t mean just Income Tax. I mean in ALL taxes paid by ordinary taxpayers throughout the course of a year. Such a figure would need to take into account National Insurance (income tax in all but name, some […]
The Taxpayers Charter & how it can help you
/in Accountants, Enquiry meeting, HM Revenue and Customs, HMRC, Inland Revenue, Inspector of taxes, London, Tax, Tax advisers, Tax agents, Tax enquiry, tax inspector, tax office/by MarkMany ordinary working taxpayers do not even know it exists, but The Taxpayers Charter is there to make sure that HMRC give you a service that is even-handed, accurate and based on mutual trust and respect. HMRC also want to make it as easy as possible for you to get things right. The Charter is […]
HMRC’s ‘Direct Recovery’ of owed tax – straight from your bank account!
/in Accountancy, Accountants, Advice, Budget, Chancellor of the Exchequer, HMRC, Income tax, Inland Revenue, penalties, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax affairs, Tax agents, Tax bill, tax inspector, Tax liability, Taxes/by MarkPart of the Chancellor’s recent Budget included plans to recover tax owed to the Treasury direct from the debtor’s bank account — all done directly and without a Court Order being necessary. This has been criticised widely but HMRC says that only 17,000 people in the UK per year would fall into this potential scenario […]
The Chancellor’s Budget, March 2014
/in 2014, AIA, Annual Investment Allowance, Annuities, Budget, Capital gains tax, CGT, Chancellor of the Exchequer, George Osborne, Higher rate tax payers, IHT, Income tax, Inheritance Tax, Interest rates, ISAs, NISAs, pension contributions, pension scheme, Pensions, Personal allowance, savings income, Stamp Duty, Tax, Tax allowance, Tax bands/by MarkThe Chancellor, George Osborne, has now presented his March 2014 Budget to Parliament. There was lots of talk about the economy, growth forecasts, supporting UK businesses and employment – as well as some obvious political spin bearing in mind the European and General Elections are just around the corner – however we thought we’d concentrate […]
RTI (Real Time Information) – last Full Payment Submission (FPS) due soon
/in 2014, Accountancy, Accountants, Bookkeeping, Employee, Employer, FPS, HM Revenue and Customs, HMRC, Income tax, London, National Insurance, NIC, NIC's, Pay-as-you-earn, PAYE, PAYE threshold, Payroll, Payroll bureau, Real Time Information, RTI, Tax/by MarkExactly eleven months ago at time of writing, HMRC launched ‘RTI’ (Real Time Information) in the UK. This is the mechanism through which employees now have to report PAYE information for employees on the day it actually happens, or alternatively before that day, for example to confirm to HMRC each time an employee is paid […]
(Time Sensitive): Tax Year End Changes for Pension Allowances
/in 2014, Annual Allowance (AA), Investments, Key dates, Lifetime allowance (LTA), pension contributions, pension scheme, State Pension, Tax, Tax allowance, Tax liability, Tax return, Taxes, thresholds/by MarkThe start of the new Tax Year on 6 April 2014 – just 6½ weeks away at time of writing – will see two very important changes in relation to pensions allowances. The first change will affect the ‘Annual Allowance’ (or ‘AA’) which is the annual limit on pension savings attracting tax relief. This limit […]
Time for ‘tax year end planning’ (pre-Budget)
/in Accountancy, Accountants, Advice, Capital gains tax, CGT, Investments, ISAs, Key dates, London, South London, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax agents, Tax allowance, tax experts, Tulse Hill/by MarkThe budget will take place on March 19th 2014 so that gives us all just 5 weeks (at time of writing) for ‘tax year end planning’. So perhaps now is the time to start reviewing investments. N.B. We’re not financial advisers (we are tax agents and accountants) so we can’t give advice on investments. But […]
New opening hours for Feb-March
/in Accountancy, Accountants, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax agents/by MarkPlease note that Taxfile’s opening hours for February and March 2013 are: Mondays & Tuesdays: 9.00am-6.00pm Wednesdays & Thursdays: 9.00am-5.00pm Fridays: 9.00am-3.00pm Saturdays & Sundays: closed (answerphone service) Please contact us if you need accounting help or tax-related assistance.
It’s official: thousands are on the wrong tax code!
/in Advice, Deadline, Employee, Filing deadlines, HM Revenue and Customs, HMRC, Income tax, Inland Revenue, Inspector of taxes, Key dates, Late return, London, Pay-as-you-earn, PAYE, penalties, penalty, Rebate, Self-assessment, South London, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax affairs, Tax agents, Tax bill, Tax code, Tax determination, tax experts, tax inspector, Tax liability, tax office, Tax return, Tax returns, Taxes, Taxfile, Taxman, taxpayer, Taxpayers, Tulse Hill/by MarkWith the tax return deadline being only hours away (midnight 31 January 2014) there is still time to get professional help if you need it – particularly because HMRC often get it wrong according to new research by UHY Hacker Young. In just one example, HMRC sent a tax bill to a pensioner which demanded […]
‘Employment Allowance’ to save businesses up to £2k in NIC
/in Employee, Employer, Employment allowance, National Insurance, NIC, NIC's, Tax, thresholds/by MarkIn April 2014 the new ‘Employment Allowance’ will be introduced. This will cut up to £2k off the National Insurance costs incurred by businesses and save employers nearly £5.5 billion across the UK as a whole by the end of the Parliament. This equates to £200 per UK employee. These savings will also be helped […]