Tax Tips & News

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01/07/2011

July Tax Tips & News

Welcome to the Sherwoods Ltd Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Web Bots Are Out to Get You!

The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. In order to find out who is failing to pay tax on all their income the Taxman is to send out web bots (automatic sea Read More...

What if You Don't Pay Your Tax!

July is one of those big tax-paying months... If you are self-employed you need to pay your income tax and class4 NIC on-account payment for 2010/11 by 31 July. Read More...

Must You Register for VAT?

There is a myth in certain quarters that every legitimate business is required to be VAT registered. This is not the case. Your business (as a sole-trader, partnership or company) does not have to become VAT registered until the Read More...

July Question and Answer Section

Q. I've always prepared the accounts for my own company and submitted them to Companies House and the Tax Office with no problems. However, this year the Taxman sent back my company's accounts and tax return saying they were in the wrong format. I'm confu Read More...

Repayment Claims for Tax on Interest

You may be able to claim a tax repayment from the Tax Office if your bank has deducted 20% tax from interest paid. If your tax-free allowance (up to £9,640 for those aged 75 or more in 2010/11), completely covers all of your income, the full 20% tax Read More...

About Us

Sherwoods Ltd Accountants are based in Milton Keynes , offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website sherwoodsaccountants.co.uk for more information.

First Floor, 27 Shirwell Crescent, Furzton Lake, Milton Keynes MK4 1AG

Sherwoods Ltd is a trading name of Sherwoods Ltd