28
Jul

HMRC Nightmares

We like to hope that nobody is so terrified of the big bad Revenue that they lie awake at night in fear of them, but those who are pounced upon

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21
Jul

VAT Returns and “Right Tax Right Time”

Submission of inaccurate VAT Returns can be costly and can be avoided by ensuring we have all the relevant information from you to declare the right tax at the right

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23
Jun

So Many Taxes…

There are so many different kinds of tax, it can be a little scary when you become self-employed and have to know which ones apply to you, so here’s a

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19
May

Do I Need an IR35 Accountant?

With numerous different companies popping up ready to serve all the accounting needs of contractors, expertise on IR35 has become one of the benefits that accountants are readily promoting themselves

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06
May

Accounting Responsibilities of a Director

At FW Accounting, we see many contractors looking to set up limited companies. When we incorporate your limited company (which we do for free I might add), you become the

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28
Apr

The IR35 Business Entity Test…Have you taken it?

  In HMRC’s efforts to help contractors understand the legislation and give some guidelines to self-assess their status, the Business Entity Test was born. The test is a series of

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07
Apr

Are you an employee in disguise?

Contractors operating via a limited company are subject to the scrutiny of the IR35 legislation with the dreaded worst case scenario of being caught by the legislation, meaning that you

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22
Aug

Tempted by tax avoidance?

HMRC recently published a warning for people thinking about tax avoidance schemes – ‘Tempted by Tax Avoidance?’ A small minority are lured by the promise of large tax savings for

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21
Jun

The risks and future of EBTs… Part 2

What are the risks? The participants of EBTs that have been highlighted in many reports, tend to have gone into the schemes in good faith, often as a result of

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29
Mar

VAT is a simple tax…

“VAT is a simple tax…” so said Anthony Barber, Chancellor of the Exchequer on the introduction of VAT on April’ Fool’s Day in 1973. 40 years on and

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