LATEST POSTS
- Information You Need to Supply for Professional Help with Your Tax Return
- Tax Refunds After Redundancy: Claiming Your Cash Back – A Taxfile Guide
- Decoding IR35: Your Guide to Contractor Tax Status
- UK Landlords: Is Your Portfolio Ready for the Digital Tax Revolution? (Making Tax Digital for Landlords)
- Companies House ID Verification 2025: A Director’s Guide to the New UK Rules
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Possible Reforms to Intestacy Rules
/in Capital gains tax, CGT, Inheritance Tax, Tax, Wills/by MarkFirstly 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 …
/in Investments, ISAs, Stocks & Shares/by MarkThe 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!
/in Book keeping, Credit Cards, HM Revenue and Customs, HMRC, Income tax, Inland Revenue, Records, Self-assessment, South London, Tax, Undeclared income/by MarkOn 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 […]
Bank Base Rate to stay at 0.5% until 2016 (…probably)
/in Bank of England, Bank rate, Cash flow, Interest rates/by MarkMark Carney, the Bank Of England’s new Governor, has announced his ‘forward guidance’ that the Bank does not intend to raise Bank Rate from 0.5% until the unemployment rate falls to 7%, which it forecasts will happen in mid 2016 — three years away. The Governor hopes that the announcement of this 3 year plan […]
What 31 August means for Child Tax Credit (“CTC”) and Child Benefit
/in Child benefit, Child tax credits, CTC/by MarkOn 31 August, Child Benefit and Child Tax Credit (“CTC”) will cease for children, aged 16 at that date, who have left approved* education or training. However if they continue in approved training/education then these benefits may continue but only if the parent or claimant has told HMRC’s Child Benefit Office and/or Tax Credit Office […]
Received an SA302 form from HMRC?
/in Forms, HMRC, Income tax, SA302, Tax return, tax return amendment, Tax returns/by MarkIf you’re ever wondering why you were sent form SA302 through the post, it will usually be for one of 3 reasons: if you sent in a paper tax return asking HMRC to calculate the tax for you; if you made an amendment to your paper tax return; or if you sent HMRC a paper […]
New brochure available for download
/in Accountancy, Accountants, Book keeping, Buy to let, Dulwich, Income tax, London, PAYE, Self-assessment, South London, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Taxfile, Tulse Hill, Value Added Tax, VAT/by MarkHave 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
/in Tax fraud, Undeclared income/by MarkHMRC 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 […]
£10/day penalty
/in Tax/by TaxfileHMRC is collecting £10 per day every day from workers who have failed to file their returns on time, Since May 1, officials at HM Revenue and Customs have been thrashing 650,000 late filers with a £10-a-day fine. Many of those affected are likely to be the self-employed, higher earners with savings and landlords and […]
Taxfile: Finalist for 2 more awards!
/in Awards/by MarkTaxfile 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 […]