Welcome to Rich Accounting's Blog
We hope you find these articles useful & informative!!
22 September 2017
Between January 2012 and October 2015 Mehmet Tekagac, 43, of Viscount Road, Padgate, claimed he made around £9,000 a year from the fast food takeaway.After examining bank records, his personal income...
Read more about The boss of Top Grill Kebab and Pizza House in Warrington has been jailed after he lied about his shop's takings as part of a £179,000 tax fraud.
20 September 2017
Businesses with either a turnover of more than £10 million or more than 20 employees, and undergoing significant growth, can now seek expert help from HMRC growth support specialists.There are around...
Read more about HMRC have today launched a new service to directly help mid-sized businesses as they expand and grow.
19 September 2017
Once your VAT registration is complete you will need to update your invoices as you need to include your VAT number on all your invoices. A VAT registered business can usually claim back the purchase VAT...
Read more about Charging and reclaiming VAT
14 September 2017
You dont need to hit the threshold to register for VAT, you can do this volunatarily.Why? Your business may benefit from it.Basically, a business will pay VAT on all purchases it makes (known as &lsquoinput...
Read more about Registering for VAT may be beneficial
12 September 2017
WHAT IS VAT?.........Value Added Tax (VAT) is levied on the sale of goods or services by UK businesses.It applies to all goods and services that are bought and sold for consumption in the EU.VAT is collected...
Read more about In business? Unsure on VAT?
11 September 2017
The bank tried to use a tax avoidance scheme to claim an exemption from tax by generating an artificial loss on the purchase and sale of dividends without disposing of the underlying shares &ndash a process...
Read more about Global banking group BNP Paribas has lost a £35 million tax avoidance case against HMRC.
08 September 2017
A jailed luxury car dealer, who built a property empire with profits from a VAT scam involving Lamborghinis, Porsches and Mercedes, must repay £2 million.Sarju Popat, 51, from London, was jailed for...
Read more about Luxury car VAT fraudster must repay £2m!!!
12 May 2017
Just a heads up folks!The latest HMRC Scam is doing the rounds.If you get an email with an attachment and Your 2016 Tax Report as the subject do not open it.Please forward it to firstname.lastname@example.org...
Read more about WARNING HMRC SCAM!!!!!!!!
10 May 2017
A County Fermanagh farmer, who was jailed in 2014 for stealing £1.3 million in fraudulent VAT repayments, has been ordered to pay back more than £390,000, or serve a further three and a half...
Read more about Fermanagh VAT fraudster ordered to repay crime cash
20 April 2017
The deadline for April's PAYE E payment is the 22nd, thats this Saturday. Make sure your payment is received by tomorrow!
Read more about April's PAYE/NI
03 April 2017
Its almost the year and and time to do your tax return. If your CIS get in touch. Appointments and returns and done on a first come first served basis! Quicker you get in touch the quicker we can get your...
Read more about Are you self employed and paying CIS?
23 March 2017
Both the Living Wage and the Minimum Wage will be increasing.The rates from 1 April 2017 will be:£7.50 per hour (up 30p) - aged 25 and over£7.05 per hour (up 10p) - aged 21-24£5.60 per hour...
Read more about What are the changes to the Living Wage and the Minimum Wage in April 2017?