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Monthly Archives: February 2011

Tax Credit Fraud - The government crackdown

Tax Credit Fraud – The government crackdown

Posted on February 23, 2011 by Phil Hendy

The Revenue has announced the launch of its latest campaign to identify tax fraud. They are looking to crack down on people, particularly the self employed, of fraudulently claiming tax credits. It is part on a government programme, in

Posted in HMRC, Scams, selfemployment, Taxation
Understanding the profit and loss account

Understanding the profit and loss account

Posted on February 23, 2011 by Phil Hendy

Session one – the trading account The goal of most people who set up a business is to make money. To earn a profit is to receive more money from sales than you are paying out for expenses. Profit is effectively the reward earned when taking the risk of owning a business. The Profit and…

Read More….

Posted in Bookkeeping, Business, selfemployment
Pensions simplified again? Do the new rules affect you?

Pensions simplified again? Do the new rules affect you?

Posted on February 23, 2011 by Phil Hendy

On 14 October 2010 the Government published its latest proposed amendments to our pension legislation and as is invariably the case what The Government gives in one hand they invariably take away in another. What’s important is does this affect you now and in the future? Here is a summary of the changes; The lifetime…

Read More….

Posted in Business, Company, Pensions, Taxation

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