Until recently penalties for filing your self assessment tax return were pretty straight forward. You incurred up to 2 £100 penalties, unless you didn't owe anything.
This year things have changed. File 6 months late and you'll get a minimum charge of £1,300.
The Tax Catch up Plan (TCP) is for people providing private lessons, regardless of whether they have a teaching qualification. It is aimed at those who profit from tuition and coaching, as a main or secondary income, on which the correct tax has not been paid because they have not told HMRC about it.
HMRC piloted record checks on the quality and adequacy of SME’s business records earlier this year. They found that about 44% of the businesses they examined had some issues with their record keeping and 12% had seriously inadequate records.
From 1st October 2011 the National Minimum Wage increased. We explain the rates each group of workers should be paid.
Fees for the late filing of Self Assessment Tax Returns have reached a record high according to recent reports.
Last year HMRC issued 1.5 million fines to those filing late, and that could rise this year with the implementation of a new system of fines.
HMRC set to extend Business Records Checks
National Minimum Wage on the Up
I have always found KM Bookkeeping to be very easy to work with. They explained everything in plain English.
Lawless Discos
The management accounts are easy to understand meaning I know where my company stands every month.
Elite Resourcing
I was trying my best, but things were always getting in the way of doing my books. Then I found KM Bookkeeping Services.
Cuthbert Plasterers
