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CONTACT US

Tel: 020 7488 9699

Fax: 020 7488 9698​

​​20 Hessel Street

Aldgate, London

E1 2LP

EMAIL

accounts@taxwiseaccountingltd.com

tax@taxwiseaccountingltd.com

PRACTICE AREAS

 

Company Formations  / Year End Accounts  ​/  ​​VAT / Payroll / PAYE
Tax Planning / Companies House Annual Returns / Corporation Tax Returns / Personal Tax Returns

 

The Firm

We offer realistic, proactive and inspired advice to help individuals and businesses realise their ambitions.

 

With over 25 years experience in accountancy we provide you with the advice and guidance to get the best from your business.

 

Whether you are a sole trader, or head a company turning over millions, we provide daily support and long term advice as a part of the service we offer.

 

Our tax specialists are able to proactively advise individuals and businesses alike to minimise their taxes within the legal frame work.

News

13 June 2016

HMRC doubles down on evasion

 

Serious tax evasion cases have jumped 8% this year as the tax authority faces pressure to crack down. The 8% rise represents an extra crop of 3,000 cases referred for specialist investigation.

HMRC bank changes leaves millions unpaid

 

VAT and corporation tax payments worth tens of millions of pounds have bounced after HMRC changed its bank details without informing a number of companies.

The changes to HMRC’s bank details took place in February this year when the Revenue moved its account to Barclays

VAT flat rate scheme advantages restricted
 

The flat rate scheme (FRS) is used by numerous small businesses to simplify their VAT reporting. Lots of those businesses also gain a cash advantaged from using the scheme, but this advantage is due to be cut back significantly from 1 April 2017. The FRS will continue but many businesses will not find it economical to use.

Businesses who are trading under the VAT threshold of £83,000 may want to deregister from VAT with effect from 1 April 2017. Businesses who are trading over that threshold may need to withdraw from the FRS from the same date.

 

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