Chartered Tax Advisers & Accountants

News


How XERO cloud accounting made my life five million times easier (but caused my accountants to be taxed to the limit)

Published On: 30/09/2014

I have written a number of blogs now on Xero and how, once my accountants had persuaded me to give it a go, I have become, for the most part, a firm fan.  Yes, there are a number of little hitches, but they are caused by the imbecile sitting in front of the software (i.e. me) and not by the system itself.  

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#APowerTooFar – Can we trust HMRC to get it right?

Published On: 23/09/2014

The budget earlier this year included a paragraph which, if implemented, will allow HMRC to take money from your and my bank account and there is nothing we would be able to do about it.  Of course, the premise is that only those who are “willfully not paying their taxes” will be targeted, so what is there for honest, law-abiding citizens to worry about?

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#APowerTooFar – what is this all about?

Published On: 12/09/2014

“The government will modernise and strengthen HMRC’s debt collection powers to recover financial assets from the bank accounts of debtors who owe over £1,000 of tax or tax credit debts, have the financial means to pay, and have been contacted multiple times by HMRC to pay. A minimum of £5,000 will be left across debtors’ accounts.  This brings the UK in line with many other tax authorities which already have the power to recover debts directly from an individual’s account, such as France and the US.”‬ ‬‬ (Budget 2014/15 Section 1, Paragraph 208)‬‬.

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Exam success

Published On: 10/09/2014

Congratulations from all at M&S to our Accounts Assistant, Christopher Leslie, who has successfully passed his final AAT (Association of Accounting Technicians) exams and is now AAT qualified.

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Do I really need an accountant?

Published On: 09/09/2014

Now that there are more and more people becoming self-employed, ‘do I need an accountant?’ is a question that’s asked increasingly frequently of the various Enterprise organisations, such as Business Gateway, as well, of course, of accountancy firms themselves.  

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RTI – More problem than it’s worth

Published On: 02/09/2014

Like a lot of employers out there, the firm has recently received a letter from HM Revenue and Customs (HMRC) advising us that we have underpaid Class 1 National Insurance Contributions (NIC).  Several of our payroll clients also received similar letters.

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