Well what a busy week. Talked to over 50 people at the Intrinity event yesterday about the HMRC amnesty and let property campaign. It amazes me that a lot of people do not know about it. Remember rental income needs declaring for tax even if you are employed!!
This week I visited City College Plymouth to talk to over 40 accountancy students on how I got into accountancy and my career. I also mentioned what makes a good accountant as including common sense and loving people, its not all about numbers you know!! What was interesting for me is the magazine from ACCA to…Details
Have you been caught by HMRC yet? There are 40,000 letters HMRC have sent out to landlords who have not previously declared their property income. So far I have heard of 3 in Plymouth. I think this is significant and if you think they won’t catch you, I think its more a case of when…Details
Don’t you just love this time of the year all you do is prepare tax returns! January is nearly over hooray!
29/8/14 Seemed to spend a lot of this week advising different limited companies on what is tax deductible for their spending. Things are never quite as simple as they may seem and a breakfast may be allowable for one employee but not for another depending mainly on where they work, live and what time they…Details
22/8/14 Well this week was the week for good news. I had the pleasure of telling a new client, who was not up to date with their books, (not recommended) that the last 2 years tax bill is considerably lower than they thought. What a relief for them! Also it was GCSE results day this…Details
15/8/14 I am taking the plunge and looking to take on an apprentice to come and work with me. The vacancy will help me cover the administration in my office but also there will be an opportunity for the right person to do some accountancy work as well. I will set up a new page…Details
I read an article this week on HMRC catching up with people who are letting properties and not declaring it. Well the article intimated HMRC are writing to letting agents to get their client list. I met an agent on Tuesday and he had not been written to but knows that they can. I would…Details