Category Archives: Tips

Struggling with debt collection?

Many of our clients have asked for advice on how to chase payments and for our tips and tricks on how to ensure that they don’t have any large outstanding debts.

Sole Trader Tax Planning

All self employed individuals (sole traders and those who are in partnerships) are taxed via the self assessment system each year and pay their tax on their business profits after deductions for expenses.

Stamp Duty Land Tax

The Stamp Duty tax changed on the 16th March and the decision was made by George Osborne as he delivered his 8th budget as Chancellor.

Claiming The Marriage Allowance

The Low Incomes Tax Reform Group published updated guidance on how to apply for the new transferable personal allowance, known as the marriage allowance,

Debt Collecting System & Structure

Are your debtors crippling your cashflow and you are struggling with chasing payments in from your customers? You could minimise the risk of bad debts by collecting them much earlier.

Self Assessment Fines and Penalties

If you are one of the people who still haven’t filed their self assessment tax return, or your accountant has filed your paperwork and you haven’t yet paid your tax then you might want to read this.

Research and Development Tax

R&D Relief is a Corporation Tax relief that may reduce your company tax bill.

Alternatively, if your company is small or medium-sized, you may be able to choose to receive a tax credit instead, by way of a cash sum paid by HM Revenue and Customs (HMRC).

Christmas Tax Tips For Your Business

Here are Ka Farr & Co’s Handy Christmas Tax Tips for your business, take these into account this festive period and you will be up to scratch when planning the office Christmas party.

Autumn Statement and Spending Review

The Autumn Statement and Spending Review included a significant change of tactics – by scrapping his recent plan to cut tax credits. Osborne also jumped into some big challenges – not least with buy-to-let landlords who could face a tax rise, but small businesses who will see digital tax accounts by 2016-17.