Entries by Kate

Coronavirus: Our Plan

There is increasing concern over the Coronavirus but here at Premier Tax Solutions we would like to reassure you that it is business as usual for us. We two key concerns: firstly, the health and safety of our staff, our clients and their families and secondly, the survival of our clients’ businesses during these financially […]

What Help Can I Get For My Business During Coronavirus?

As we watch the news unfold of the UK being hit by Coronavirus we are receiving countless phone calls and emails from worried business owners. As business owners ourselves we want to ensure that we are supporting our clients and local business community with information that they may find useful. Many of the items mentioned […]

What Happens If I miss The Self Assessment Deadline?

The deadline for submitting an online Self-Assessment and paying tax you owe is midnight on the 31st of January following the end of the tax year. If it is not filed on time you will face penalties. Anyone who misses the Self-Assessment filing deadline will receive a £100 fine, this is imposed immediately whether you […]

We offer tax insurance for our clients

HMRC has been using a range of new tactics to ensure that businesses are paying the right amount of tax. Even if you have paid tax correctly, it can still be expensive and nerve-racking. The average HMRC investigation cover can last 16 months and can cost a potential £5,000 in accountancy fees. We know that […]

Are you a landlord of a residential property?

HMRC have released ‘The Let Property Campaign’ which allows landlords the opportunity to bring tax affairs up to date and get the best possible terms to pay tax owed. HMRC might look at things such as the land registry, landlords using the tenancy deposit regime and even issue notices under Paragraph 1, Schedule 23 to […]

New finance bill proposed for 2019-20.

From 6th April 2020, if a company becomes insolvent with unpaid tax liabilities which should be payable to HMRC such as VAT, PAYE Income Tax, Employee National Insurance contributions and these liabilities will take priority over other unsecured or floating charge creditors. Other company tax liabilities such as corporations’ tax and employers NIC will not […]

HMRC Insolvency Powers from April 2020

From 6th April 2020 new measures regarding insolvency will be introduced by the 2019-20 Finance Bill meaning HMRC will have increased powers. It is proposed that Finance Bill 2019-20 will contain measures to ensure that from 6 April 2020 where a company becomes insolvent with unpaid tax liabilities which it holds in trust to pay […]

Importance of cash flow

Keeping on top of your cash flow is extremely important.   A software programme which works directly with Xero to pull out accurate cash flow data is – Fluidly. #Fluidly provides intuitive cash flow forecasting and management powered by AI. Fluidly is for modern businesses that want to know exactly what their financial future holds and how […]

Benefits of Xero

Benefits of using Xero for Sole Traders Making sure you have the right tools for managing your income is incredibly important for growing your business. It might be tempting to use a spreadsheet for your accounting data. But this isn’t always the best practice. Accounting software like Xero helps you see your cash flow in […]

HMRC News

From April 2020, private sectors will need to check whether contractors need to pay income tax and national insurance contributions. Which means shifting the responsibility to the organisation rather than the contractor.   If you are wondering whether you’ll be affected by this or would like more information, then please call us on 01782 479699 […]