News - Simas Accounting & Tax
HMRC’s Let Property Campaign
16th August 2019HMRC’s Let Property Campaign is targeting landlords who may have unpaid tax. This would be as a result of failing to declare income from letting out residential property. The scheme is open to those that have multiple properties, single rentals, student rentals, or holiday lettings.
Beating The Summer Lull
6th August 2019The secret to beating the summer lull. We have compiled a comprehensive list of 20 quick and easy things you could do in this ‘summer lull’, to revitalise your business. Simple quick fixes to turbo charge your profits.
Take advantage of this quiet time and get ahead of your competition.
Sole Trader Or A Limited Company?
29th July 2019One of the most important decisions you’ll have to contend with is the structure and legal status your business will use moving forward. Will you operate as a sole trader or as a limited company? Read this week’s blog to help you understand both structures.
Growing Your Business – A Team Game
25th July 2019Growing your business is a team game. Your accountant is a key part of that team and should be helping you to grow your business. Accurate financial statements and tax returns are both important, but they only tell a story of your business as it was – not where it could be going.
Valuing Your Business – The Essential Guide
28th June 2019Valuing and then selling your business is one of the most important things you’ll ever do as a business owner.
But where do you start?
Click to find out about the earnings multiples, and how the formula is used to value a business.
Company Car Versus Car Allowance
10th June 2019The company car is still considered a desirable job perk but many employers are now offering a company car allowance as an alternative.
But what is the difference between a company car and a company car allowance? Which option is right for you?
Buy To Let Property – Our Top 5 Tips
30th May 2019For many people, the idea of investing in property still appeals, despite stalled house prices, a stamp duty tax crackdown on buying property investments and an income tax raid on rent. Read our 5 Top Tips for Landlords considering investing in buy to Let property.
Auto Enrolment Contributions
27th April 2019April 2019 sees the last legally required increase to auto-enrolment pension contributions, seven years since they were introduced.
But an employers’ role in helping staff to save for their retirement through the scheme is far from over.
Marriage Tax Allowance
24th April 2019Are you married or in a civil partnership? If so you may be entitled to a £900 tax break called the marriage tax allowance. Yet about one million couples are still missing out.
Read on to find out more about what this new tax is, who qualifies for it and details of how to claim.
How To Spot And Avoid HMRC Phishing Scams
21st March 2019As HMRC moves more of its services online, fraudsters are exploiting this transition by targeting taxpayers with fake emails. With an increasing number of phishing scams, HMRC has released updated guidance on how to recognise genuine contact from its agents.
