The first-tier tribunal has allowed an appeal in part for an author, writing a book entitled ‘ A Year on a Pontoon’ to claim expenses relating to relocating his boat to southern France. See the case C Huhtala v HMRC (TC 1775 )
Accounting Firm in South Manchester and Manchester City Centre
Budget Day
21 March 2012 – Budget Day
enter your email address at www.ac-accounts.co.uk and we will give you our expert summary the same day
Claim up to £30,750 from the tax man
From April 2012 the Annual Investment Allowance is reducing from £100,000 to £25,000. If you are in business, now is the time to invest for the future. If you need new business equipment ( including commercial vehicles ) do so before 31/3/2012 and take advantage of the significant tax breaks. Ring Paul on 0161 962 1855 to discuss further.
CIS Solutions
Whether you are a contractor or subcontractor we can offer you a solution to keep the self employed status of yourself and/or your operatives.
Contractors/Freelancers/Locums
Looking to set up your own company? Want to pay the least amount of tax as legally possible? Let us explain it all to you in plain English and take the hassle out of operating your own company with our easy to use systems.
Is your accountant costing you?
Is your accountant costing you money? If he has not considered any of the below then it’s time for a change to a&c chartered accountants:-
- incorporation of sole traders
- claiming R&D Credits
- inheritance tax planning
- tax credits eligibility
- capital allowance claims
- legality of dividends
- proper accounting systems
- prior year tax refunds for higher rate tax payers
Call Paul on 0161 962 1855 or email paul@ac-accounts.co.uk
Involved in Home Improvements?
The Tax Man want’s his cut
The Tax Man will target tradespeople working in the home improvement market, and people who receive income from buying and selling goods direct to others, or are paid commission. HMRC will use new technology to search the internet for information about specified, targeted people and businesses.
The new campaigns will focus on:
- Missing returns. This will contribute to wider HMRC activity tackling failure to complete tax returns. It will initially focus on those who fail to complete tax returns and who are liable to pay tax at the highest rates.
- Home improvement trades. This will build on campaigns aimed at plumbers and electricians, and will include several 100,000 tradespeople in construction and building work such as roofing, window fitting, bricklaying, carpentry and joinery.
- Direct selling. This will target customers who ought to be paying tax on income they earn from buying and selling goods direct to others, or from the commission on these sales.
From prevous campaigns they have collected over £500m, so you have been warned. Come and talk to us and come clean before it is too late. Speak to paul on 0161 962 1855 or email paul@ac-accounts.co.uk
Self Assessment Deadline Extended
HMRC acted swiflty to avoid the wrath of the taxpayer over the call centre strike planned for 31 January by extending the Self Assessment deadline until Thursday 2 February.
Time to plan
It’s a New Year and it’s the time to plan ahead. Use your experiences of the past to adapt for the future. Rediscover your entrepreneurial thoughts, revisit your business plan and set yourself some targets. Work on your business not in it and you will reap the rewards of business success. We are doing it, our clients are doing it and we encourage you to do it. Need our help, then give us a call at a&c chartered accountants on 0161 9621 855