News
Nov 20, 2021 | TaxCorrecting VAT Errors
Summary. VAT errors, whether from missing receipts, incorrect calculations, or wrong rates, require timely correction to avoid potential HMRC penalties. Errors under £10,000 can be adjusted in the next VAT return, while larger errors may need direct reporting to HMRC. For assistance with VAT errors correction and compliance, consult experienced chartered accountants. When it […]
Oct 20, 2021 | TaxOwing Tax To HMRC? Tax Collection Is Back
Summary. If you’re thinking, “I owe tax to HMRC,” following the pandemic’s financial reliefs, it’s time to address it. As HMRC resumes debt collection, they’ll communicate through various means, prioritising genuine interactions over scams. If contacted, consider repayment or negotiate a tailored payment plan to avoid high interest and penalties. Seek professional tax support if […]
Jul 20, 2021 | Business AdviceCash Flow Management | Smoothing Things Out
Summary. Cash flow management is crucial for businesses, with research showing many face challenges in paying employees or debts due to cash shortages. Effective cash flow ensures timely access to earned money for expenses like payroll and rent. Thomas Nock Martin offers tailored support to optimise cash flow for businesses, ensuring smooth operations. Cash […]
Jun 20, 2021 | Business Advice, TaxIs Buying A Holiday Home A Good Investment?
Summary. Due to unpredictable travel restrictions, UK staycations are on the rise, making buying a holiday home an enticing investment. Investors must consider tax regulations, claimable expenses, and furnishing choices. Holiday lets can yield high returns, especially in prime locations, but come with specific mortgage and tax considerations. Seek expert advice before investing. With […]
May 25, 2021 | VATVAT Registration For Your Business | Everything You Need To Know
If you have any questions about VAT registration or need VAT support and advice, then Contact Thomas Nock Martin accountants today. Our team will be happy to help and can check that your company is operating within the law.
Apr 05, 2021 | TaxPension Freedoms Hidden Traps
Thomas Nock Martin can help you understand pension freedoms so you get the most out of your money.
