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Articles tagged with: tax

on the bridge »

[25 May 2011 | No Comment | ]
I want to invest some money, what should I do?

When you want to invest some money start with the end in mind! Why are you doing this? At the end of the day, what do you hope to get out of it?
As an accountant I am not authorised under the Financial Services Act to provide investment advice, and that’s why I have not published this article on my business web site. I am going to talk, in general terms, about the tax consequences here. But, you should remember that with any investment there will be other commercial and legal …

headline, on the bridge »

[24 Mar 2011 | No Comment | ]
What the Budget means for you

On Thursday 24 March 2011 the headline story on page 1 of The Times was about a cut in the cost of petrol (and diesel) and much fanfare about how “great” this was. By paragraph 3 the cynics amongst us will be reminded of the mantra “don’t believe the marketing”.
According to the report, and according to HM Treasury, it will cost £3 less to fill up the average family car.

That assumes that your average family car has a 300 litre petrol tank. Now, I’m not sure about you, but my …

finance »

[25 Aug 2010 | No Comment | ]
iPhone app developers and the VAT question!

VAT law is weird – it talks about “supplies”!

How do you account for VAT?
I’ve had this question a number of times recently. The problem applies to all suppliers of downloadable software, so I’ll give you the general picture, and then at the end, there’s a bit specifically for app developers who get paid by Apple.
You’re in business right? And you’re based in the UK, with a UK VAT number? If you just said “yes and yes” that’s good, read on, otherwise contact a local accountant in your part of the …

finance »

[9 Jun 2009 | No Comment | ]

Tuesday Financial Focus
The government introduced the IR35 rules in the tax year 2002/03 and forecasted that the measures would bring in extra tax and national insurance of about £220 million per year.
The case against IR35 was taken up by the Professional Contractors Group (PCG) and they have recently requested figures under the Freedom of Information Act. The records show that far from raking in £220M each year, the actual amount is closer to £1.5M. Moreover, the PCG estimates that the costs of mounting the IR35 campaign by the Revenue may …

marketing »

[11 Feb 2009 | No Comment | ]

I was at a business breakfast today, networking as usual and promoting the blog! The relaunch of the member-to-member benefits scheme means that 5 lucky businesses, all of which must be members of the Channel Chamber of Commerce, will get a whopping 50% discount on the price of their annual accountancy/tax advice bill. The offer is open to only the first 5 businesses that sign up to Proactive’s wholly paperless service.
That means you will need to use whatever digital means you have at your disposal to collate normal business records. …