From 2015-16 onwards, the collection of Class 2 contributions will be through the self-assessment system Read More...
Spotlight on Contractor Loan Schemes
According to recent guidance published by HMRC, contractors and freelancers have been bombarded by promoters who make claims that they can help individuals take home up to 90% of their income using a contractor loan scheme. Read More...
Tax Credit Changes Approved
The government has recently confirmed that the draft Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2015 Read More...
IHT on Main Residence Nil-rate Band and Downsizing Proposals
HMRC have published a technical note covering the proposals, announced in the Summer Budget 2015, to phase in a new residence nil-rate band (RNRB) from 6 April 2017 when a residence is passed on death to a direct Read More...
October Questions and Answers
Q. I am a VAT-registered sole trader, owning a cycle shop in my local town. I am thinking of opening a second shop in another town and am wondering how I will deal with this for self-assessment and VAT. Will I need Read More...
October Key Tax Dates
1 - Due date for payment of Corporation Tax for the year ended 31 December 2014 Read More...
About Us
Task Accounting Limited are based in Colwyn Bay, offering local business owners and individuals a wide range of services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website taskaccounting.com for more information.
