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Do’s and don’ts of timing payments and receipts for tax purposes.
By timing payments or receipts carefully around the year end, companies can save money. Connected Accounting can advise companies in the St Albans area…
The timing of certain payments and receipts of income is crucial for tax purposes. By moving a date of payment or receipt by just a few days either side of the company’s year end, you can reduce the tax bill and defer payment until the next tax year.
If you are a company in the St Albans area and would like help with timing payments and receipts to reduce the tax bill and save money, contact Connected Accounting.
14 Jan 2022
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13 Jan 2022
HMRC has warned that businesses must declare any coronavirus (COVID-19) support grants or payments on their company tax returns and stated that the grants and payments are taxable.
12 Jan 2022
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11 Jan 2022
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10 Jan 2022
HMRC's Fraud Investigation Service (FIS) has now recovered more than £1 billion from proceeds of crime and tax offenders.
07 Jan 2022
HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.
06 Jan 2022
The British Chambers of Commerce (BCC) has warned that businesses are facing 'unprecedented cost pressures', with inflation predicted to surge.
05 Jan 2022
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