Read full story «Affected by severe weather or flooding?»

Affected by severe weather or flooding? cas-admin

Posted on January 17, 2017 0 91

It is unfortunate that HMRC have designated the 31 January as the filing deadline for self-assessment purposes as we are more likely to be adversely affected by extreme weather events at this time of the year. There are not many businesses that can continue to trade if their premises, equipment or stock have been affected by severe weather, particularly flooding. How do you manage your cash flow if your businessRead More »

Read full story «When do you need to register for self-assessment?»

When do you need to register for self-assessment? cas-admin

Posted on January 13, 2017 0 62

We are fast approaching the end of the 2015-16 tax return filing period – returns for this year should be filed electronically by 31 January 2017. If you are not registered for self-assessment you may be wondering if you should consider registering for 2016-17. We have listed below HMRC’s list of who should be submitting a tax return: you were self-employed – you can deduct allowable expenses you got £2,500Read More »

Read full story «More funding available to rural businesses»

More funding available to rural businesses cas-admin

Posted on January 13, 2017 0 88

£120 million of funding is to be made available to support farmers, grow businesses, and generate thousands of jobs in rural communities. This announcement was made by the Environment Secretary, Andrea Leadsom, earlier this month at the Oxford Farming Conference. Funding to be released will include further support for the following types of project: Rural and farm businesses will soon be able to apply for the next round of theRead More »

Read full story «Tax return deadline at the end of this month»

Tax return deadline at the end of this month cas-admin

Posted on January 6, 2017 0 70

If you are required to file a tax return for 2015-16, and have not yet done so, you have until 31 January 2017 to complete the online filing process before automatic fines and possible penalties will be applied. Readers may be amused by the following excuses made by tax payers who have previously filed late returns. These included: My tax return was on my yacht…which caught fire A wasp inRead More »

Read full story «Two items on our watch list for 2017»

Two items on our watch list for 2017 cas-admin

Posted on January 6, 2017 0 61

Whilst it is never easy to double guess future changes in our tax system there are already changes afoot, some included in past legislation, and some promised by prior announcement. Two items are worthy of a new year’s underline. Firstly, buy to let landlords that have borrowed heavily to build their rental property portfolio should consider the effects of the gradual reduction in higher rate tax relief, applied to financeRead More »

Read full story «Don’t have a fake Christmas»

Don’t have a fake Christmas cas-admin

Posted on December 24, 2016 0 104

The Intellectual Property Office has issued a video setting out the dangers of buying counterfeit goods this Christmas. They say: Counterfeiting can be defined as the manufacture, importation, distribution and sale of products which falsely carry the trade mark of a genuine brand without permission and for gain or loss to another. Counterfeits can bring many dangers to us as consumers. From fake alcohol to children’s costumes … if itRead More »

Read full story «What taxes are payable if you set up in business?»

What taxes are payable if you set up in business? cas-admin

Posted on December 22, 2016 0 81

The answer to this question depends, in the first instance, on the business structure you select. If you run your business as a sole trader, or in partnership with another person, you are deemed to be self-employed. Partnerships also include Limited Liability Partnerships where the partners’ personal assets are protected from business risks. The alternative to the above self-employed options is to incorporate your business, to be a limited company.Read More »

Read full story «The Land Registry’s free property alert service»

The Land Registry’s free property alert service cas-admin

Posted on December 15, 2016 0 157

This service helps people to detect fraudulent activity on their property by sending them email alerts when there is certain activity on the property being monitored, such as a mortgage being taken out against it. The recipient can then decide whether they think the activity is suspicious and act quickly if so. The alert email tells them who to contact should they be concerned. The following notes are part ofRead More »