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Hilton Consulting | 119 The Hub | 300 Kensal Road | T 020 8969 6956 | F 020 8969 6958 | www.hiltonconsulting.co.uk | City Office | 2 Bath Place | Rivington Street | London EC2A 3DR
 
 
 
 
New higher rates of tax

1/4/2010 POSTED BY BJW

In the last few weeks before P35 and Tax Returns for 2010 need to be filed, taxpayers should review their situations generally to see whether it is to their advantage to accelerate income into the tax year 2009/10. After this year, higher rate income will be charged at 50% and marginal rates of tax will be even higher. Although there are cash flow consequences from accelerating income, clients need to review their individual situations to see whether these outweigh the benefits of an absolute reduction of tax by capping liabilities at 40%. If there are any concerns about this, please call the office to make a mutually convenient appointment so the matter can be reviewed.

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Coding notices: worth checking

15/3/2010 POSTED BY BJW

Employers do not usually know how an employee’s PAYE code is made up – it’s just a number. However, with HM Revenue & Customs’ acknowledging a systems glitch last month causing many codes to be incorrect, employers may wish to remind their employees of the need to check their codes, query any discrepancies and not assume that they will be right.

 

Three common errors that have been identified by HMRC are where:

A helpline number of 0845 3000 627 has been issued for employees affected.

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TAGS: TAXATION PAYE


Finding a Bookkeeper - Reinforcing Your Business Structure

20/11/2009 POSTED BY BEN

On your quest to find a bookkeeper, you shall come across different means that shall seem equally enticing and fruitful, but not all of them shall assure you about hiring the best bookkeeper for your business. Whats then, the deal?

First, lets see why you need a bookkeeper. Its vital to keep track of the financial data of every business; the taxman doesnt like us leaving the details to chance. Thus, someone is needed to be in charge of the books dedicatedly; this person, unless with sufficient amounts of training and experience, shall not be able to get the job done properly. However, that way we are talking about the bookkeeper perse; finding whom can be quite a bit of a challenge. Therefore, knowing what to look for among the prospective candidates is paramount.


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Accountant in Chicago

15/11/2009 POSTED BY BEN

I remember an accountant in Chicago telling me: Accounting is not about mere figures; its the art of analyzing and interpreting data to make it respond correctly. The above statement is enough to make a person catch the idea what an average accountant in Chicago means; however, there are different types of accounting services that Chicago accounting firms and individual accountants provide.

Industrial Accounting: These are limited only to single firms and an accountant works under a single employer in return for a fixed salary.


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Archive
2010
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May (1)
April (8)
March (2)
2009
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Categories
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