Month: June 2017
“A tax is a fine of doing well, a fine is a tax of doing wrong” When you make a profit, the taxman has to take a cut which means you have to pay a fair share of tax. However, when you do submit your tax return to HMRC and something goes wrong you will then have to pay a fine. Penalty for Missing … Read More Tax penalty, and how to negotiate the best outcome when things go wrong
A vast amount of big companies have been taking part in Auto-Enrolment for a couple of years now. In some countries like Australia, they already operate something similar to the Auto-Enrolment scheme, which has also been running for many years. The scheme encourages employers to take care of their employees and for people to put some money aside for their retirement. Auto-Enrolment is … Read More Auto-Enrolment: Are you ready for the new item on your payroll cost?
It is now the mid of 2017 which means it is time for people to start filing their 16-17 tax returns. There are people that wonder if they are able to do their tax returns themselves or if they would need to hire an accountant to do it for them. Different people have their own opinions and understanding of what a tax return is … Read More Tax Return: DIY or NOT?
Most people feel as though if they are an employee then their tax bill has already been taken care of, but that is not always the case. There are people who have several employments and they do get confused about their tax code. For example, we’ve worked with medical professionals, and when a trainee doctor is working on rotation basis, he/she may have several … Read More Paying Her Majesty: Understand your tax codes and how taxes are collected