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INFO
& LINKS
Sage
Accounting Software
We use Sage for our business clients
QuickBooks
We use QuickBooks for our clients accounts.
Inland
Revenue
Check
out the latest news from Hector
Customs
& Excise
Contact the VAT office directly
Valuation
Office
Use the Business Rates Checker to find out if you are paying too much
Companies
House
Search for a name for your new company: we can form it for you
Accounting Page
Comprehensive Accounting Resources and Directory.
TIPS
FOR AVOIDING TAX INVESTIGATIONS
- Employ
the services of a qualified accountant
- Always
keep your book-keeping up to date
- Never
use the company cheque book to pay personal expenses
- Never
borrow money from your company
- Never
pay round sum expense allowances
- Always
ensure company and personal returns are submitted to the appropriate
authority by the due date
- Always
be honest when recording expenses
-
Always ensure directors meetings at which dividends are voted are minuted
-
Never back date dividends
- Never
push income into a future year by delaying raising an invoice to your
agent
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Do not ignore IR35
CHECKLIST:
EXPENSES FROM WHICH VAT CANNOT BE RE-CLAIMED
- Postage
- Technical
books and journals
-
The purchase of a car by the company
- Road
tax and insurance for a company owned vehicle
- Mileage
allowances and public transport costs
- Payments
to the Registrar of Companies
- Payments
of directors remuneration
CHECKLIST:
EXPENSES FROM WHICH VAT CAN BE RE-CLAIMED
- Petrol
and repairs incurred in respect of a company owned car
- 50%
of the VAT charged on a new car leased by the company after 1st August
1995
- 100%
of the VAT charged on any other car leased by the company
-
Stationery purchased for the company
- Business
telephone calls paid for by the company
- Accountancy
fees and formation expenses incurred by the company
-
Equipment purchased by the company
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