Small Business Tax & Accounting - VAT - Corporation Tax - NIC - Personal Tax - Self Assessment

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Small Business Tax & Accounting Guides

Employers should remember P11D deadline - 6th July 2009
Small businesses should be aware that the filing dates for the 2008/9 P11D and P11D(b) forms is 6th July 2009. Includes overview of what the P11D form is, and how to find out more information. [June 9, 2009] [In Tax News]

Deferring tax payments to HMRC could cause problems later on
With 60,000 companies agreeing 'time to pay' arrangements with HMRC, could some firms be delaying problems for later by deferring their tax payments? [June 4, 2009] [In Tax News]

Annual PAYE and NIC tax deadlines for small businesses
The key small business tax accounting deadline dates - including information on National Insurance contributions (NICs), PAYE and self-assessment tax returns. [June 2, 2009] [In Business Tax]

Guide to National Insurance and NICs for small businesses
National Insurance guide for self employed people and limited company directors. Includes overview of the NIC classes, and current rates. [June 1, 2009] [In Business Tax]

PAYE - Overview of Pay as You Earn scheme
An overview of PAYE (Pay as You Earn) - the familiar scheme operated by HM Revenue & Customs to take income tax from employees as they earn it [June 1, 2009] [In Business Tax]

Corporation Tax - What it is and how it applies to your company
Corporation Tax is essentially a tax on your company’s profits. You have to work out your own tax liability, pay that tax, and ensure you deliver all required information to HMRC on time. [May 21, 2009] [In Business Tax]

More time to submit Employer Annual Return for 2008-9 tax year
Although the 19th May deadline for submitting 2008-9 Employer Annual Returns has passed, you can still file up to a week late without being charged a penalty. [May 21, 2009] [In Tax News]

Entrepreneurs could be hit by pension tax relief changes
Leading business advisors have warned that entrepreneurs will be hit "as hard as the super rich" following the pension transitional rules outlined in the Budget. [May 20, 2009] [In Tax News]

VAT - Value Added Tax Guide
A summary of Value Added Tax for small businesses. When you should register for VAT, what the registration threshold means, how you repay VAT to HMRC, and links to further information. [May 18, 2009] [In Value Added Tax]

Small businesses unimpressed by Budget measures
Only 1 in 50 small business owners say that the Budget would have a positive impact on their businesses, according to new research. [April 30, 2009] [In Budget 2009]

Budget 2009 - Key points for small businesses
The key points from the 2009 Budget, with particular reference to changes which may impact small businesses. [April 22, 2009] [In Budget 2009]

Business reaction to the 2009 Budget
The reaction of business leaders to today's Budget announcements. [April 22, 2009] [In Budget 2009]

Self assessment - who needs to fill in a tax return form?
If you receive income which is not taxed at source, or have complex tax affairs, you do need to complete a tax return. [April 20, 2009] [In Personal Tax]

Small businesses losing out due to complex tax system
Many small companies could be losing out on the chance to defer billions in tax payments, due to the complex nature of the tax regime, poor finance skills, and a lack of knowledge about tax relief schemes. [April 15, 2009] [In Tax News]

Calls to abolish IR35 tax rules in Budget 2009
Following the recent Early Day Motion calling for IR35 to be repealed, a leading freelance organisation has called for the controversial tax to be abolished during Budget 2009. But one expert suggests caution in that it could be replaced by something even worse! [April 9, 2009] [In Budget 2009]

Don't delay telling HMRC you are self-employed, or face a penalty
If you are late in registering as self-employed with HMRC, there are a new range of penalties which can be applied from April 2009. [April 9, 2009] [In Tax News]

Changes to UK income tax and NIC rates from 6th April 2009
The UK's income tax rates, allowances and taxable bands all change from 6th April 2009. Changes are also made to self-assessment 'payment on account' thresholds. [April 6, 2009] [In Tax News]

Corporation Tax Rates 2009/10
Corporation Tax Rate Tables for 2009/10 tax year. The small companies' tax rate remains at 21%. [April 6, 2009] [In Tax Rates]

National Insurance Rates 2009/10 - NI Rates
National Insurance contribution (NIC) rates for the 2009/10 tax year. [April 6, 2009] [In Tax Rates]

Income Tax Personal Allowances & Taxable Bands - 2009/10
Personal income tax allowances and taxable bands for the 2009/10 tax year. [April 6, 2009] [In Tax Rates]

Guide to new HMRC tax penalties regime from April 2009
A new, tough, HMRC penalty regime came into play on 1st April 2009. Individuals and business owners can now face penalties of up to 100% for deliberately underpaying tax. An overview of how the new rules work, and what to expect if you get things wrong. [April 3, 2009] [In Business Tax]

Budget 2009 - Tax rise uncertainty would harm small businesses
One of the leading accountancy bodies has called on the Government to think very carefully before implementing tax rises in the 2009 Budget, or in future years. [April 2, 2009] [In Budget 2009]

P35 Employer Annual Return - file online and collect a £75 cash reward
HMRC is urging small business employers to file their 2008/9 Employer Annual Returns online this year, and is providing the incentive of a modest cash bonus. [April 1, 2009] [In Business Tax]

Detailed guide to the new VAT penalty regime from April 2009
April 2009 marks the introduction of a new VAT penalty regime. This article provides an in-depth guide to how the penalties will work. [March 31, 2009] [In Value Added Tax]

How are limited company dividends taxed?
If you are a limited company shareholder, you may have to pay personal tax on any dividend income you receive. This article outlines how company dividends are taxed. [March 30, 2009] [In Personal Tax]

Personal tax planning tips for the 2008/9 tax year end
With the end of the 2008/9 tax year fast approaching, leading business advisors Deloitte, provide some advice on how to claim the maximum personal tax relief available. [March 26, 2009] [In Personal Tax]