Archive for December, 2011

December 23rd, 2011  Posted at   Finance
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The Govt. is taking three times the amount on motoring taxes than they are really spending on highways, according to some new findings. Stats by the Department for Transport (DtF) reveal that officials are investing only 1 / 3 of motor tax collected from Brits on the roadways. In 2010, petrol taxation produced a huge £27 billion for the Treasury with an extra £5 billion produced from vehicle execise duty (VED). Nevertheless, a new survey has revealed that in 2010/11 only £5.7 billion was spent on community roads and £3.75 billion was spent on national streets. Perhaps they may be in need of a tax calculator to help them work out all of the figures.

The DfT state that VED has nearly doubled in the last 23 years and the increase in revenue from fuel duty has much more than tripled. The statistics found that in 2010/11, £7.6 billion was forked out on railways and also £4.9 billion went towards local public transport. Overall, £22.9 billion of public spending was spent on transportation in the UK. These stats, unless carefully monitored, can become mind-boggling for the Treasury to maintain therefore it is essential they understand their equations and also use an accurate vat calculator.

What’s more, the department has published its findings on the total cost of motoring that shows that from 1997 to 2010, the cost including purchase, petrol and oil, tax and insurance, has increased slowly. Her Majesty’s Treasury is the United Kingdom’s economics and also finance ministry however fundamentally they are in charge of the Government’s money. Be responsible of your own finances by working out savings, loans, mortgages and also currency by going to Calculator.co.uk right now. Unsure whether you can afford the monthly payments on a new car on finance? Simply use a car finance calculator with the experts.

December 21st, 2011  Posted at   Business, Finance
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Pricey business electric and gas bills have resulted in many companies reducing the amount of energy being used, based on figures from British Gas parent company Centrica. (more…)

December 20th, 2011  Posted at   Accountants
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With the end of the year swiftly approaching, now is the time for contractors to begin thinking about having their taxes in order ready for the approaching deadline from HMRC.
The deadline for returning your web tax return is midnight on January 31st and if you forget that date you may be expected to pay a penalty to the HMRC even though you don’t owe any money or have already paid back anything you may owe.
If your return is just one day late, you’ll automatically have to pay a £100 fixed penalty and there is a scale of additional penalties depending on how late the tax return is. If it’s up to three months late, you’ll need to pay £10 every day up to a maximum of £900 and then there are more fines to repay if it’s any later than this.
As well as the deadline day of January 31st, there is an earlier deadline of December 30th if you’d like any tax you owe collected using your tax code, which can be done if you owe a lot less than £3,000, so if you’ve not yet began to think about finishing the document this is the time to.
Doing a tax return could be time consuming and lots of contractors find that they simply just don’t have the time to fill out the forms. An easy way of dealing with your taxes would be to hire the accountancy services of specialist contractor accountants like Nixon Williams who could prepare your tax return for you on your behalf so you can be sure that things are fully completed well in time of the deadline day.
As an accounting company which specialise in providing services to contractors, you can be sure of an effective service when you use Nixon Williams for all your accountancy requirements. The knowledgeable team have experience of working with contractors in a variety of industries and sectors, so that you can be sure that your finances will be dealt with effectively.
December 19th, 2011  Posted at   Finance, Insurance
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With the year rapidly drawing to a close, now is the time for businesses and people who are self employed to start considering filling in and posting their tax return.

The deadline for sending a paper tax return was October 31, but if you’re one of an increasing number of people that do their taxes online, you’ve until the end of January to fill in and send your forms.

Although many people are mindful of the January 31 deadline, it comes with an earlier deadline of December 30 for anyone that owes less than £3,000 and wants to pay it through their tax code.

In the event you overlook the deadline, there are penalties to pay for. If you are one day overdue in submitting, there is an instant £100 predetermined fee and for every day it is overdue there is an extra £10 charge. There are also higher penalties if you are late by 6 months or more, so ensure that you send it off in good time to avoid the fines.

If you’re having difficulties with your tax return, contact Liptrott and Woosey Accountants for assistance with finishing and filing your return as well as guidance with all elements of business accountancy.

From supporting with business plans to assisting with income, Liptrott and Woosey Accountants Manchester aim to help all their clients be successful in business by supplying truthful and accurate advice.

The team behind Liptrott and Woosey have significant expertise in the industry and built the company as they believed that the larger companies they worked for simply weren’t providing clients with the unique touch. Liptrott and Woosey have a fixed fee and pride themselves on their pleasant support and being just a phone call away should a client need any help or advice.

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