hornbeam's blog

Taxation and Bitcoin

There are a lot of us who are curious about the "Bitcoin" and find the concept of Cryptocurrencies intriguing.  My blog today chats about the relationship between Tax and the Bitcoin, so if you are a business owner or indeed a Bitcoin investor read on

Liable or Not?

The Criminal Finances Act came into effect on the 30 September 2017.  It makes companies and partnerships criminally liable for the activities of any employee or subcontractor who facilitates tax evasion.  On the one hand there is no minimum for the tax evaded, and on the other hand no maximum for the fine that can be levied.  So, whilst this legislation might well be targeted at the big firms of accountants and lawyers, and their international clients, in theory taking home a box of paperclips without making a tax adjustment would seem to be ca

Vacancy - Apprentice Accountant

are you keen to take the next step in your career?  trainee apprentice accountant, based in Rackheath, day release at college, training on the job, happy friendly team. This programme will provide you with a solid foundation in the accounting sector and could lead to completion of higher level training.


HMRC's current campaigns

If you are a landlord, have a second self-employed income, or a small business not declaring bank and credit card transactions HMRC are pushing forward their campagins to make sure you pay the correct tax and declare your income

Need help getting a bank loan?

Last week HSBC announced a fund of £1billion available to lend to small businesses.  When asked by a Radio 4 presenter why applicants are unsuccessful the HSBC Manager replied that people sometimes aren't clear what they want the money for and secondly they are uncertain about the payback.

I will simplify that "if you want to borrow money from a bank, the better your business plan, the more likely you are to succeed".

Companies House want change

Companies House want people to change their behaviour and attitude towards filing their Confirmation Statement. They want any changes to Limited Company Registers to be live and as up-to-date as possible so inform them immediately Companies House want people to change their behaviour and attitude towards filing their Confirmation Statement (you should probably be aware by now that Confirmation Statements have taken over the Annual Return).