Some facts and figures that academies do not have enough funding to cover their annual expenditure, according to figures revealed by ministers. Figures show for 2014-15 that 53% of stand alone academies were recorded as having "spent more than their income per year", up from 42% in the previous … [Read more...]
VAT – treatment of colouring and dot-to-dot books
At the end of 2016 HM Revenue and Customs Brief 17/2016 setting out it policy, effective from 1 April 2017, on the VAT treatment of colouring and dot-to-dot books, many of which are specifically labelled as suitable for children and/or adults. From 1 April 2017, HM Revenue and Customs … [Read more...]
“My tax return was on my yacht…which caught fire”
Each year HM Revenue and Customs receives a number of unusual excuses from Self Assessment customers who didn’t complete their tax return on time. These include: “My tax return was on my yacht…which caught fire” “A wasp in my car caused me to have an accident and my … [Read more...]
WHO COMPLETES THEIR TAX RETURN ON TIME
Quite interesting to know who completes their tax return on time figures show the following:- Older people are also more likely than younger ones to get their returns in on time, with only 104 per 10,000 tax returns filed by over-65s being late, compared with 833 for every 10,000 sent in by 18 … [Read more...]
New Year New Tax App at Alan Patient & Co Ltd
Why don't you start the New Year by Downloading our Tax App Our Tax App keeps the information you need at your fingertips. It gives you the most up to date tax information, rates and deadline dates. We have also added some useful calculators, and tips or how to reduce your tax bill! A very … [Read more...]
10 ways to impress your clients
Under promise - Only make promises that you are sure you can keep. Allow plenty of time to complete assignments so that they are completed early. That way clients will be impressed rather than disappointed. Over deliver - For new clients, you need to ensure that you over deliver to gain trust … [Read more...]
Incorrect use of the VAT Flat Rate Scheme
The VAT flat rate scheme is easy to use and is a scheme that allows small businesses to calculate and pay their VAT based on a flat rate percentage of total takings rather than deducting that from the total output tax on sales in the period. HM Revenue and Customs are finding out that … [Read more...]
Every firm’s nightmare
What keeps small traders awake at night. Slow - paying debtors are a nightmare for small business. Christmas is just around the corner, so here are some tried and tested collection tips: Please click on the following link to find out … [Read more...]
The Accountant – UK Box Office
Did you know that The Accountant has entered the UK box office at number three, the highest new entry. The weekend of the opening it took £1.6m at from 496 cinemas, including £115,000 in previews. The Accountant who stars Ben Affleck whose character is called Christian Wolff, makes … [Read more...]
