The end of the 2011-12 tax year is fast approaching – 5 April 2012. In this article, we look at some of the issues that you may like to consider while there is still time to act.
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Tax & Accounting Guides
Key Guides
- The Key Business TaxesWhich taxes you will encounter as a small business owner
- Top 10 Tax TipsSome no-nonsense pointers from the Bytestart team
- National Insurance GuideWhich NICs are you liable for as a small business owner?
- Corporation Tax GuideHow limited companies are taxed
- Dividend TaxHow much tax do you have to pay on limited company dividends?
- Entrepreneurs’ Relief GuideA rare tax concession if you decide to sell your business
- Capital Allowances GuideTax relief if you buy equipment or invest in R&D
- Company Car TaxationIs it tax efficient to own a vehicle through your business?
- Business Expenses GuideWhat can you legitimately claim against your business income?
- Sole Trader Tax GuideSole traders are liable to income tax and NICs on their business income
- Guide to PAYEHow the Paye As You Earn scheme operates
- Business Stamp Duty GuideHow Stamp Duty applies to premises or share transactions
- Business Rates GuideHow Rates are applied to business premises
- Home Office ExpensesWhat can you claim against your business income?
- HMRC PenaltiesOverview of the new HMRC penalties regime
Our Main Tax Guides
- Income Tax Rates & Bands 2011-12
- Corporation Tax Rates 2011-12
- National Insurance Rates 2011-12
- Small business accountants10 tips for choosing the right accountant for your business
- Book Keeping BasicsThe fundamentals of how to keep accurate business records
- HMRC Payroll FormsWhat do the main forms do – including P45,P60 and P11D
- Profit & Loss GuideSummary of what you’ve bought and sold over 12 months
- What is a Balance Sheet?A snapshot of the financial health of your business
- Book Keeping TipsHelpful advice to keep your business books in order
- Value Added Tax GuideAn overview of VAT, and how the tax is collected
- How to Register for VATYou must register if you turnover reaches the VAT threshold
- VAT Cash AccountingYou account for VAT when income is received, rather than by invoice date
- Flat Rate VAT SchemeCreated to simplify the VAT calculations for eligible small businesses
- VAT CalculatorCalculate the VAT your should add, or that is included already
Tax Rates
Book Keeping / Accounts
Value Added Tax Guides
If you are registered for VAT, have to file a VAT return in the near future, or are concerned about putting the wrong amounts on your VAT return, here are 5 VAT traps to watch out for.
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Are you a self-employed individual preparing your tax return to file by 31st January 2012? Do you regularly travel on business, and does that travel ever entail an overnight stay away from your home?
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HMRC has announced that it is to an impose a Capital Gains Tax ceiling on the amount of capital that can be distributed to shareholders when a limited company is wound up, before income tax is applied.
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It’s okay to have a hangover on New Year’s Day but don’t let the suffering continue into the year. January 31st has always been a key date in the small business calendar – it marks the deadline for submitting online tax returns.
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If you are organising a well-deserved works party this Christmas HFM Accountants have summarised the current tax reliefs available: Continue…
Here (in no particular order) are some handy tips from the Bytestart team, based on our findings working with small businesses over the past decade, and our own personal experience.
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Are you tempted to duck under the bedclothes on the night of October 31st and try and shut out the “Ghosties and ghoulies and lang-legged beasties and things that go bump in the night”?
Is your business bookkeeping also something you try and hide away at the back of your mind and forget about?
Emily Coltman, ACA, Chief Accountant at online accounting provider, FreeAgent, gives her five top tips to help you lose your fear of bookkeeping.
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Form-filling and filing is an everyday part of running a small business, and unsurprisingly a large part of the time spent dealing with company administration involves filling in (or signing) a whole raft of HMRC forms.
With this in mind, here is our summary of some of the key documents companies will get to know after setting up a new business. In all likelihood, your accountant should deal with most of these forms on your behalf.
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This guide looks at the types of Stamp Duty your business may be liable for; Stamp Dutry Land Tax on property transactions, Stamp Duty Reserve Tax and Stamp Duty on share transasction.
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