Monthly Archives:

Preparing Business Accounts
27
Nov

Business Records Check

Important Message from Tuchbands- Leading North London Accountants This starts with a letter from HMRC writing to say that they intend to make a phone call to ask some questions concerning the record keeping.  At the end of the call they then decide whether the answers given show that the records are adequate.  If they have any concerns then they will arrange a visit. They follow a r… Continue Reading
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Posted By Philip Woolfson
Bookeeping
22
Nov

PAYE- Real Time Information

Important Newswire from Tuchbands ,Chartered Accountants , in Golders Green, North West London What is Real Time Information?  As from April 2013 it will be mandatory for all employers to implement Real Time Information (RTI), a new system for submitting payroll information to HM Revenue and Customs (HMRC). Under the current PAYE system although payroll is run weekly or monthly… Continue Reading
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Posted By Philip Woolfson
14
Nov

HMRC is closing in on Undeclared Income

That is the banner headline on HMRC’s new website (www.gov.uk/sortmytax). The site states “Our new tchnology and extra staff make it easier for us to find you- no matter who you are” Scary!? We at Tuchbands, based in Golders Green  have a great track record in assisting people who have got behind with their tax returns for one reason or another or who have undecl… Continue Reading
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Posted By Philip Woolfson
12
Nov

Residential Property held by a Company

There are government proposals in the pipeline for charging 15% SDLT on residential properties valued at £2m or more where the property is  owned by a company. In addition an annual charge starting at £15,000 per annum is proposed. This is proposed to come into effect in April 2013. There are, fortunately exemptions for property development companies. It seems best to keep e… Continue Reading
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Posted By Philip Woolfson
05
Nov

National Minimum Wage

The national minimum wage was increased from 1st October 2012 to the following hourly rates: £6.19 for aged 21 and over; £4.98 for aged 18 to 20; £3.68 for aged under 18; £2.65 for apprentices Continue Reading
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Posted By Philip Woolfson
01
Nov

Corporation Tax

Companies with a 31 December year end will have to pay corporation tax, which is usually calculated at  20% of an adjusted profit, on 30 September 2013. Careful planning and expert advice can help save some of that tax. If your company profits are over £50,000, call us for a free non-obligation consultation.
Written by Philip Woolfson Philip is a Senior Partner of  Tuchban… Continue Reading
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Posted By Philip Woolfson