Accounts & Books

Essential Record Keeping

Whether you run a large company or operate as a sole trader, the law states that you must keep records of all the incomings and outgoings related to your business.  Keep all the documentation that you need for completing your tax return because if you are unable to show it to HMRC upon request, you…

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File your Tax Return by 31 January or Pay the Penalty

Figures released by H M Revenue & Customs reveal that many people still wait until the last minute to file their Self Assessment tax returns. More than 9 million Self Assessment returns are issued annually followed by blanket media coverage warning of the penalties for late submission. Even so, every year, almost one in ten…

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How does the Taxman find out?

Have you ever left anything off your tax return because you think you will never get caught? The taxman has a number of resources in which to gather information. Don’t be tempted to leave something off your tax return because you think the Taxman will never find out. He has the power to gather information…

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Can I set the cost of my garden office against tax?

When you work for yourself you need to set aside some space for your business, if only to complete and store all the paperwork the Taxman requires! The spare bedroom often fits the bill, but where that is not available a purpose-built garden building can be the solution. We are talking glorified shed here, not…

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TAKING LEGAL ACTION TO RECOVER DEBTS

The prospect of taking a client to court over unpaid debts is not an easy step for any business to contemplate, particularly as the UK has 2 different legal systems and finding information on taking cross-border action is rather hard to come by.

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Phenomenal Response to our Kashflow Offer

I’m happy to report a phenomenal response to the special Kashflow offer that SVA members received via email yesterday.  Enjoy your little present from SVA and Kashflow! Any lurkers:  We often get sent limited offers which are ONLY available to our members that get sent out via email.  Make sure you don’t miss out by…

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