Do you know what the VAT Flat Rate Scheme (FRS) is? Many people are not aware of this simplified VAT scheme but it is worth considering as not only can it involve less administration but you could actually profit out of the scheme. You are eligible to join the FRS if your estimated VAT taxable… Read More

The deadline for submitting your tax return to HMRC for the 2011-12 tax year is 31 January 2013. If you’ve been sent a notice to file do not ignore it as HMRC are pretty hard on fines now. You’ll get a £100 fine straight away and the possibility of further fines and interest. If you’re… Read More

You may have heard about the changes to Child Benefit which HMRC has brought in (from 7th January 2013), there has been a lot of press coverage, much of it negative! If you or your partner have an individual income of £50,000 or more then you’ll start losing the benefit and when one of you… Read More