Many thousands of households across the UK will be affected by changes to the benefits system from April 2013, all part of government plans for the biggest shake-up of the welfare system for decades. Government ministers argued that the changes were necessary to tackle the rising cost to the taxpayer and cut the budget deficit. […]
Major Changes to the UK benefits System Read More »
https://youtu.be/u7P3InPC5_Y I went to see a contractor recently who was concerned that he was under-pricing his contracts. I explained to him that this was common in the industry and that under-pricing the contracts would inevitably lead to losses being incurred on some contracts. I advised him that he needed to ensure that he had proper
Contractors, Do You Price Your Tenders Correctly? Read More »
There are two types of tax credits – child tax credits and working tax credits, you might be eligible for one or both of them, depending on your circumstances. Child Tax Credits Child Tax Credit is available to people responsible for a child or young person, who have income below a certain amount. The amount
What Exactly Are Tax Credits & Who Can Get Them? Read More »
A client who is a composer explained that he was about to sign a major contract on a piece of work. This would bring in huge amounts of money in the second year but nothing in the first year. I suggested that he form a limited company for his business. This would allow the income
How A Creative Business Can Minimise Tax Payments Read More »
With competition in all business sectors more fierce than ever, many companies want to present themselves in the best possible light. King & Tuke’s track record of working with all manner of complicated and diverse businesses makes it ideally placed to help anyone stand out in their particular field. In sectors like culture, business, automotive
Have you received a bombshell from the Inland Revenue? Did you ever think how they were able to find you? I’m Robert Green of Green and Peter, Creative Chartered Accountants in North London. Let me give you an example. Somebody came to me. She was a fashion designer, and she had been trading for many
Have you received a bombshell from the Inland Revenue? Read More »
In the United Kingdom, a tax on income (Income Tax) was first announced in 1798, and introduced into our lives the following year. It was introduced primarily as a way of raising monies to pay for the war Britain was fighting against the French forces under Napoleon Bonaparte. France was threatening to invade our shores,
The History of Income Tax – A Fighting Fund Read More »
Welcome to our client focus! This month we’re featuring Dean Martin, a DJ and Presenter for the radio station, Capital Gold. Dean started his career as a child actor appearing in a weekly TV show on BBC and featured in several commercials. Dean has been a Radio Presenter for almost 20 years; beginning his career
Some time ago, a client had set up a film production company and he was about to produce a film that would take some 2 years to make. Therefore no income would be derived by the company for at least 2 years. I explained to him that if he registered immediately as a voluntary registration
Advantages of early VAT registration for your business Read More »
https://youtu.be/kjnSJM2B1QI Hi, I’m Derek Peter of Green and Peter, Creative Chartered Accountants based in North London. Let me give you an example. I recently went to see a restaurateur who was concerned about the level of the profits on his sales of wines and beverages. I looked at his systems and explained to him that
Restaurants, are you happy with the profits from your wine & beverage sales? Read More »