We are just days away from the end of the 2019/20 tax year so you still have time to take advantage of any final tax planning opportunities. Here are our top 20 tax planning tips for you.

Advice, HMRC, Income Tax, Self EmployedLaura O'SullivanApril 1, 2020FUSE Accountants LLP

IR35: What You Need To Know

There has been lots in the press recently about the changes to IR35 and although IR35 in itself is nothing new and has always been applicable to contractors, there are new rules coming into force that will affect many freelancers, but the good news is this has now been postponed to start in April 2021.

Advice, HMRC, Self EmployedFaye WattsFebruary 20, 2020FUSE Accountants LLPIR35Comment

Tax Free Childcare

With an increasing number of families juggling work with raising a family, the government has introduced a number of initiatives to help with childcare costs. In April 2017 the Government launched the Tax Free Childcare scheme to help working families with childcare costs.

Advice, Benefits, HMRCLaura O'SullivanFebruary 16, 2020FUSE Accountants LLPfamily, child benefitComment

Time To Pay Your Tax

If you are self employed you probably know that the tax return deadline is 31st January. But once you have submitted your information to HMRC…. what next? Click here for the FUSE Guide on Paying Your Tax Bill

HMRC, Income Tax, National Insurance, Self EmployedFaye WattsJanuary 29, 2020FUSE Accountants LLPTax return, tax returnsComment

It's that time of year again!

With the festive season all but a distant memory, it is now time to make sure you get your tax return filed before the 31st January 2020 deadline.

Business, Money, Income Tax, HMRC, Self EmployedFaye WattsJanuary 9, 2020FUSE Accountants LLPTax returnComment

HMRC Enquiries: Prevention is Better Than a Cure

HMRC has a legal right to open an enquiry into any return. According to HMRC 11.5 million Tax Returns were submitted last year. A tax enquiry is the process by which HMRC check the information reported on a Tax Return to ensure it is correct and complete

HMRC, Advice, Self EmployedLaura O'SullivanNovember 21, 2019Tax returnComment

VAT After Brexit

With Brexit just weeks away, and no clear answers under the terms of which Britain will actually leave the EU, we discuss some of the factors that will directly affect businesses with VAT responsibilities.

Business, HMRC, VAT, BrexitSteve WattsOctober 10, 2019FUSE Accountants LLPbrexitComment

Why You Should Outsource Your Payroll

Saving on the relatively low cost of outsourcing your payroll by running it yourself may well be a false economy. If you don’t keep up with legislation it can be detrimental to your business if you get it wrong and will no doubt impact your own productivity. Take our advice and leave this side of your operations to an external expert.

Advice, HMRC, Self EmployedFaye WattsSeptember 5, 2019FUSE Accountants LLPpayroll, outsourceComment

Accounting for Interior Designers

We work with many interior designers so we have a great deal of visibility when it comes to the grey areas and dark corners of the accounting side of the business. Here Matt Boon sheds some light on the matters to help you design your bookkeeping.

Advice, Business, HMRC, VATMatt BoonAugust 15, 2019FUSE Accountants LLPinterior designer Comment

Let's Get Digital!

With the launch of Making Tax Digital (MTD), we look at the positives at how cloud finance apps are changing the way you run your accounting.

Advice, Business, HMRC, Money, VATFaye WattsMarch 28, 2019FUSE Accountants LLPMTD, Making Tax Digital, Go cardless, QuickBooks, CashflowComment

What Could Be Missed Off Your Tax Return?

Unless you are an accountant, a tax return is not something you will complete regularly enough to know how to do blindfolded. Luckily we do - although we don’t do it blindfolded so its easy for us to spot these common things that are left off of a tax return.

Advice, HMRC, Income Tax, Self EmployedFaye WattsJanuary 31, 2019FUSE Accountants LLPTax returnComment

Keeping Good Records

Keeping good records to support your business is essential. It doesn’t have to be anything fancy - but it is important to have a system in place to ensure your recordkeeping is up to date, clear and accurate. Here we highlight our key reasons why you should - and more importantly how to keep good financial records.

Advice, HMRC, Income Tax, Self Employed, VATMatt BoonJanuary 17, 2019FUSE Accountants LLPComment

Get Ready To Do Your Tax Return

Avoid an automatic late filing penalty by ensuring your tax return is filed by 31st January. Our advice? Don’t leave it till the last minute and follow these handy tips to get everything in order.

Advice, Business, HMRC, Income Tax, Self EmployedFaye WattsJanuary 10, 2019FUSE Accountants LLPComment