Coronavirus business interruption scheme summary

Coronavirus business interruption scheme summary Coronavirus business interruption scheme summary:- you can get further information here. 1. Loan from £25,001 to £5m 2. Terms from 1-6yr 3. No interest for 12mths 4. Capital repayment holiday for 12mths, so some businesses

Posted in Uncategorized

Capital Gains Tax Rule Changes

Major change in capital gains tax rules for landlords On 6th April 2020 capital gains tax rules change and landlords will now have just 30 days to pay any capital gains tax due. Prior to 6th April 2020 if you

Posted in Uncategorized

Management accounts, are they a waste of time?

The value of Management accounts is often something that small business owners don’t understand and therefore don’t implement. Most small business owners are only interested in submitting their end of year accounts so that they can pay taxes.   A

Posted in Uncategorized

HMRC Credit Card Changes – What To Do About It

As of 31st January 2018 HMRC credit card changes come into effect. That means you can no longer use your credit card to pay for income tax, NI or VAT. However, debit cards and corporate credit cards will still be

Posted in hmrc, Uncategorized

Chartered Accountants for Businesses in Ilford

Finance Equation Ltd is established, since 2004.  We are Multi Award-Winning Chartered Certified Accountants in Ilford, because of the service we offer. At  Finance Equation Ltd, we specialise in providing Cloud and Online Accounting solutions as well as Expert, experienced Tax

Posted in accountants, ir35, tax advisory

Commercial Debt Management – Using the Law Effectively

Commercial Debt management on late payment or non-payment of commercial debts can be managed by using the law effectively. The late payment of commercial debts (interest) act 1998 can be used to compensate creditors for late payment as well as

Posted in Uncategorized

Directors Loan Account – Effectively dealing with them

Directors loan accounts If you operate your business as a sole trader, Directors loan account isn’t something you need to worry about. If you are a limited company director and shareholder then a directors loan account can be a bit of

Posted in Uncategorized

Flat rate VAT scheme changes April 2017 – What to do about it

Flat rate VAT scheme changes background Flat rate VAT scheme changes came into effect on the 1st April 2017. HMRC have now completed their consultation phase. Below are what the changes may mean for you and the type of business

Posted in Uncategorized

Changes to dividend tax and contractors

Changes to Dividend tax Changes to Dividend tax came into effect on the 6th April 2016 and again on the 6th April 2018. The effect is those paying themselves dividends and a small salary are likely to have to pay more

Posted in Uncategorized

Tax Refund Scams

Tax Refund “Notification” If you receive an e mail or text message “from HMRC” informing you about “a tax refund notification” ….or indeed anything else, it’s a scam pure and simple. DO NOT RESPOND! I have had a number of

Posted in Uncategorized

Contact us

Submission of this form confirms acceptance of the terms in our privacy policy.