01270 2600959 Ossmere Close, Sandbach, Cheshire CW11 1FBChartered Accountants in Sandbach, Cheshire

Accounting Articles

Mar
30
2015

Is your hobby really a business?

Many businesses start out as hobbies, so at what point does it become a business or trade that means you should register with HMRC as self-employed? Once a hobby becomes a business you need to keep sufficient business records for your accounts and your self-assessment tax return every year. Penalties maybe incurred if you do… Read the full article…

Sep
29
2014

Have you registered for Self-assessment?

Are you self-employed or do you rent out a property, are you a higher rate taxpayer with investment or savings income? Have you registered for Self-assessment? To be able to submit your tax return you must be registered with HMRC for Self-assessment. You must register by 5th October following the end of the tax year… Read the full article…

Aug
3
2014

HMRC Let Property Campaign

Do you rent out a property? Have you declared the rental income on your tax return? If the answer to the first question is yes but the second question no then you should take advantage of the HMRC Let Property Campaign. This is aimed at individuals letting out residential property and is a campaign that… Read the full article…

Jul
3
2014

HMRC Second Income Campaign

HMRC often run campaigns encouraging voluntary disclosure by tax payers of undeclared income. By bringing their tax affairs up to date via a campaign the tax payer may avoid heavier penalties and possible prosecution when HMRC do catch up with them later. HMRC are currently running a Second Incomes Campaign which is aimed at people… Read the full article…

Jun
6
2014

Emails and SMS from HMRC

We all know about phishing emails and unwanted SMS messages but HMRC do sometimes use these forms of communication so how do you know if the email or text you receive is legitimate or a scam? If you visit HMRC’s website they regularly update the list of emails and/or messages they may send to you…. Read the full article…

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