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Salaries Paid In Gold Now Under HMRC Scrutiny

For a long time now, salaries that are paid in gold have been a completely legal ‘tax dodge’. However, HMRC has now said that this practice must stop, as it is immoral and a form of tax avoidance which cannot be allowed. The decision was made by an expert panel who...

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How eBay accountancy can help your business

There are many great reasons for seeking eBay accountancy services from Yorkshire Accountancy. At Yorkshire Accountancy, we provide accountancy services for businesses across the UK and help you manage your paperwork effectively whilst enabling you to make more money...

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Trusted Accountants for Small Businesses

Are you interested in switching accountants? Have you been looking for accountants for small businesses? Maybe you’re a sole trader who is finding the task of looking after your accounts increasingly arduous? If so, speak to Yorkshire Accountancy today. We offer a...

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Fully managed accounts from Yorkshire Accountancy

At Yorkshire Accountancy, we offer a range of financial services for a vast series of businesses. We pride ourselves on our professional, clear-talking approach as well as our punctuality and efficiency. We are fully committed to delivering affordable accountancy...

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What is capital allowance tax relief?

Capital allowance tax relief allows businesses to write off the costs of capital assets against their taxable profits. Through the Annual Investment Allowance, businesses can claim up to £200,000 of their annual investment in plant and machinery aside from cars. A...

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Labour Promises New Tax Rates to Fund NHS

With the surprise general election just a matter of weeks away, all of the political parties are vying to get your vote. One of the most recent promises to come out of these campaign ideas is from Labour and, of course, it is all about taxation. Labour’s plan is to...

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Residential Property Tax Has Changed

It has always been something that landlords have had to contend with – taxation. But a number of recent have been put in place, and it is worth reading up on them when possible to ensure you don’t fall foul of the law, and the tax collectors.   There includes,...

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Are The Rich Getting A Better Deal?

There have been worrying stories in the news recently about how it seems that those who are richer are getting a much better tax deal than everyone on ‘average’ incomes. The Public Accounts Committee even said that HMRC must not look as though it has one rule for the...

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Ways To Cut Your Tax Bill

With just under two weeks to go until you need to have returned your 2015-2016 tax bill to HMRC, this isn’t always the most fun time of the year for many. But it still needs to be done. Take a look at some of these ways to ensure your tax bill is as low as it can be,...

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Travel Costs: What Can You Claim?

Trading as a limited company is a great idea for many; it’s the best way to ensure that you are making the most of your business and your talents. But there can be pitfalls and confusion associated with starting a limited company (or even with a well-established one)...

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No More VAT FRS?

The FRS (flat rate scheme) for VAT that was introduced back in 2002 by HMRC was seen at the time as a great way to simplify the VAT system. Admin would be reduced, as would any complications regarding difficult calculations. What actually happened, however, was that...

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Does Facebook Owe $5 Billion?

There always seem to be stories in the news about this big company or that who should have paid tax but didn’t. And there always seems to be a reason behind it. Whether or not that reason makes sense, and whether or not the public agree with it, it doesn’t seem to...

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Will The Brexit Affect VAT?

Now that the referendum has been and done, and the result is that the UK will – at some point in the near future – leave the European Union for good, there are a number of questions that need to be answered. They range from queries about exchange rates to whether or...

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Donald Trump’s Tax Returns

Recently – and, in fact, many times in the past – Donald Trump has reminded those who are listening (and those who are not) that his tax returns are something to be admired. He seems very proud of them. Except, if that is the case, why won’t he release them to the...

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How to Register with HMRC

The decision to become self-employed is not one to be taken lightly – it is an entirely different experience to being employed and receiving a regular salary from which the tax is already taken and dealt with. Being self-employed is the ideal solution for those who...

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Lionel Messi Sentenced for Tax Fraud

Whether or not you know anything about football, you will more than likely have heard the name Lionel Messi. Messi is a star player for Barcelona, and has been in the news for a variety of achievements including winning a gold medal at the 2008 Olympics, being voted...

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Go Directly To Jail…

Money comes in all shapes and sizes, all denominations, and some of it is worth more than others. This is an undeniable truth. It can be serious money or fun money, pin money or pocket money. It can be big money. It can also be Monopoly money, as a number of –...

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Old McDonald’s Had A Raid…

McDonald’s always seems to be in the news about something. Whether it’s the fact that their burgers don’t seem to decay, or the amount of salt they put on their fries, despite their popularity people do seem to enjoy complaining about them. But a few weeks ago there...

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What Are Business Rates?

Business rates are what business owners pay when they are the occupiers of a non-domestic property – that is, they own or rent a shop, office, or other business building that isn’t part of their home. The rates payable depend on the size of the business and the area...

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The Backpacker Tax – Yes or No?

The Australian government recently put forward plans to increase the tax payable by foreign travellers who also work in the country. But, after complaints from native farmers, the tax, known as the ‘backpacker tax’, may now be scrapped, or at least reviewed. Farmers...

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