HMRC issues a further warning about tax avoidance schemes designed to avoid the 2019 loan charge on disguised remuneration, saying that these schemes do not work… Despite earlier warnings, promoters continue to market loan charge tax avoidance schemes. They claim that by entering the scheme, disguised remuneration loans are paid off, and may also claim […]
There’s been a substantial development in the run-up to HMRC’s Making Tax Digital rules which are due to come in to force in less than a month. Chancellor Phillip Hammond is said to be under pressure to delay the roll-out of the scheme amid fears of tax errors. With 1.2 million businesses effected the fears […]
Thankfully, Making Tax Digital promises to be far less complicated than Brexit! Making Tax Digital for VAT comes into effect for most businesses with a turnover above the VAT threshold in April 2019. This means you will soon need to start submitting Making Tax Digital VAT returns using compatible accounting software. Before you can do that […]
This week we are focussing on the upcoming ‘Making Tax Digital’ rules that come into force from HMRC from April 1st. Shan Sohal Chatered Accountants are perfectly equipped to help any VAT-registered business in Surbiton or the surrounding Surrey areas with Making Tax Digital. Please give us a call today on 0208 399 9962 or […]
You may have seen the television advertisements recently starring various familiar faces selling various products to help with your bookkeeping. They all mention the same, scary-sounding phrase: “Helping you to be ready for making tax digital.” But what does that mean? From April 1st 2019 – yes, just a few weeks away – all VAT-registered […]
If the new year has been one that sees you looking for a fresh start and finally getting that business venture off the ground, the amount of work required just to get started can be daunting – and it’s things that yuo may not have even considered. Forming a company can be a complicated process, […]
Pitfalls of Do It Yourself Self Assessment Tax Returns Revealed After HMRC Error An error by HMRC in fining for late tax returns was revealed by the BBC last week. The fines were sent out to individuals who had filed their returns in advance of the January 31st deadline – and yet they received notice […]
Are you currently completing your tax return? Let me guess, you’ve put it off several times already today. You’ve managed to find a number of things far more important. Putting out the rubbish, tidying the garage, rearranging the ornaments on your shelves. The deadline is fast approaching, but rest assured you are not alone. Many […]
It’s a New Year and many of us will begin it with high hopes. We may well make New Year Resolutions and try to be healthier, happier or achieve that goal that eluded us in 2018. Perhaps your aims for 2019 are a little more ambitious than losing a few pounds, joining the gym or […]
If you’re looking for a reliable, experienced and multi-skilled accountants in Surbiton, Surrey, give Shan Sohal Chartered Accountants a call today! Choosing the right accountancy firm for your business can be a daunting task. Where do you start? Should you choose a local firm – or can your accounts and business affairs, like many things […]
