Fraudsters are taking advantage of taxpayers who may be due a tax refund following the end of the 2017-2018 tax year. HMRC are calling on people to stay extra vigilant as they are using email and text messages to scam people out of their savings ... [Continue Reading]
Changing priorities at HMRC
By having an Accountant who keeps up to date with changes to the tax system means you will always be kept in the 'know'. At Central Business Services we keep up to date with the legal requirements to ensure you pay the right taxes ... [Continue Reading]
Not using an Accountant can be expensive
On average because of poor management. The AAT (Association of Accounting Technicians) have carried out a study that found small businesses are losing on average around £15,000. This is due to them not using professionals and by trying ... [Continue Reading]
HMRC plan to investigate 10% of small firms
HMRC’s plan to increase the number of tax investigations emphasises the need for Fee Protection Insurance. The average HMRC investigation lasts more than 16 months with more than 500,000 sole traders, partnerships ... [Continue Reading]
Can the Taxman Break Your Property Records?
As a landlord, if there is a tax investigation the best defence is to have carefully kept business records. Making sure the accounts are in accordance with those records is a good starting point. It may sound easy, however most of us can admit to ... [Continue Reading]
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