01207 581 599

Call us on 01207 581 599

Category Archives: Corporation Tax

← Older posts

What Happens When You Don’t Pay Your Taxes UK

Posted on by Murray & Lamb

Tax evasion is where an individual or corporation illegally avoids paying their due tax. Tax discrepancies can be because of miscalculations or mistakes; however, deliberate misrepresentation can also occur where the taxpayer intentionally reports their income or profit to be less than it is, reducing the apparent taxable amount. This criminal behaviour applies to all … Continue reading

Posted in Corporation Tax, Finance | Leave a comment

“Making Tax Digital” Explained

Posted on by Murray & Lamb

In March 2015, the government announced an initiative to try and make tax returns simpler and more in line with modern business procedures – this scheme is called ‘Making Tax Digital’. The initiative aims to eventually do away with filing annual paper tax returns in favour of a more frequently updated digital tax system. The … Continue reading

Posted in Business Advice, Corporation Tax, Income Tax | Tagged , , , , | Leave a comment

5 Ways To Make Your Business More Tax Efficient

Posted on by Murray & Lamb

Paying tax is an important aspect of business but can often be a time-consuming process. However, it is worth knowing that good tax planning can be a way to save you money and increase efficiency in your business. An accountancy service, such as that provided by Murray & Lamb, can aid you in handling your … Continue reading

Posted in Accountancy Advice, Corporation Tax | Tagged | Leave a comment

Consequences of Failing to Pay Taxes

Posted on by Murray & Lamb

We all know taxes are one of the two facts of life, but taxes aren’t always automatically deducted from your finances. Responsibility for ensuring your taxes are paid appropriately rests solely with you – failure to take initiative and arrange your taxes responsibly could result in consequences one would rather avoid. Therefore, this month we’ll … Continue reading

Posted in Corporation Tax, Income Tax | Leave a comment

Do You Know the Legislation surrounding Corporate Tax?

Posted on by Murray & Lamb

Payment of corporate tax is a requirement for businesses operating as a limited company, for foreign businesses operating with a UK branch or any club, co-operative or unincorporated association such as a golf club. Failure to pay corporate tax is a punishable offence, so knowing the ins and outs of this tax is essential for … Continue reading

Posted in Corporation Tax | Leave a comment

What is corporation tax and what has changed in 2016

Posted on by Murray & Lamb

Corporation tax is an important part of the tax system in the UK and as such it is essential that businesses know what the tax is, how it may apply to them and how it has changed under new legislation. Therefore, in our first article this month, and further to our brief look at it … Continue reading

Posted in Business News, Corporation Tax | Tagged , , , | Leave a comment

How the 2016 budget is affecting businesses

Posted on by Murray & Lamb

The Chancellor of the Exchequer delivered his third budget in 12 months in March, and the new legislation it introduced has caused a variety of far-reaching policies to come into effect. From increases on personal allowance and heavy duty on cigarettes, to reforms on stamp duty and reductions in corporation tax, there are a lot … Continue reading

Posted in Business News, Corporation Tax, Finance | Tagged , , | Leave a comment

Benefits Of Outsourced Accountancy

Posted on by Murray & Lamb

No matter how much expertise you have in your field of business, if you don’t know how to manage your accounts properly, you could be sabotaging your business’s chance of expanding. The professional services of an accountant could take care of your bookkeeping so that you don’t have to, and ensure that your accounts are … Continue reading

Posted in Accountancy Advice, Corporation Tax, Sage Software | Leave a comment

Getting Self-Assessments Right: A Walkthrough

Posted on by Murray & Lamb

Whether you’re self employed or have staff working for you, all business owners must complete a self-assessment income tax return. Completing this documentation can be confusing and overwhelming, especially if you’re new to the process, so Murray & Lamb have put together this walkthrough to assist you in the procedure. Register for online services If … Continue reading

Posted in Accountancy Advice, Business News, Corporation Tax, Income Tax | Leave a comment

Corporate Tax Dodgers: The UK’s Worst Offenders

Posted on by Murray & Lamb

The recent years have seen a spike in the number of multi-millionaire corporations being shamed in the media for avoiding paying their taxes on sales made in Britain. With last month’s article showing how important our tax money is for the upkeep of the country, we’re taking a look at the biggest exposes in recent … Continue reading

Posted in Accountancy Advice, Business News, Corporation Tax | Leave a comment
← Older posts