Inform Accounting

APRIL 11, 2023

This blog aims to demystify which expenses are claimable, how you claim them, and how to calculate them. The rates for the mileage are highlighted later in this blog. There are a number of ways to keep track of your journeys, from a simple spreadsheet log, to apps like Tripcatcher which can connect to your accounting software.

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Inform Accounting

MARCH 7, 2023

The late payment penalties and points-based late submission penalties were introduced from 1 January 2023, replacing the VAT default surcharge, and apply to accounting periods which start on or after that date. See: VAT penalties and interest - GOV.UK (www.gov.uk) Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

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tax return Tax Start-ups Government 52

Xero

JUNE 6, 2022

As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. We’re seeing governments and corporations set targets to decarbonise over the next decade.

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LyfeAccounting

JUNE 1, 2021

Today, we are here to help you find grants for your business – basically free money that does not have to be paid back. There are many places to look for grants. So, we’ve compiled a list of the best grants and places to find grants to save you time and money. List of Small Business Grants: 2 Main Types.

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Inform Accounting

MAY 31, 2022

New legislation taking effect in 2023/24 will affect non-corporate trading businesses that prepare accounts to a date other than 31 March or 5 April. The new rules will alter how the taxable profits of accounting periods are matched into tax years for the purposes of self-assessment profit reporting and income tax calculation.

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Inform Accounting

JUNE 23, 2022

Instead, agents should check the company's online account to check the status of their claim. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Remember to declare COVID-19 grants on your tax return. Help to grow - Government funded business support programmes.

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Inform Accounting

JUNE 20, 2022

This is known as your ‘electronic account’. Your electronic account must contain: your business name, address and VAT registration number. any adjustments from calculations you make outside your functional compatible software for any VAT accounting schemes you use. Remember to declare COVID-19 grants on your tax return.

Tax 52

Tax tax return accounting software Government 52

Inform Accounting

MARCH 15, 2023

In this blog we take a deeper dive into P11Ds, when they might arise, and what you need to do as a result. The forms can be completed online, in physical form (a paper copy can be downloaded here), or by an accountant like us on your behalf. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

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ThomsonReuters

OCTOBER 27, 2022

As a reminder, Forms 1094-B and 1095-B are filed by minimum essential coverage providers (insurers, government-sponsored programs, and some self-insuring employers and others) to report coverage information in accordance with Code § 6055. Contributing Editors: EBIA Staff.

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Xero

JUNE 20, 2022

Xero partner and accountant Andrew Van De Beek of Illumin8 shares 10 questions every small business should ask their advisor this tax season (and beyond). . In FY22, these could include COVID-19 support grants you’ve received or costs associated with business transformation. . How will the new government impact my business?” .

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Churchill-Knight

JANUARY 10, 2022

Failing to meet the self-assessment filing deadline almost certainly results in a £100 penalty from the government. Some COVID-19 grants or support payments. Reporting coronavirus grants and support payments on your tax return. We’ve helped over 20,000 contractors with their accountancy requirements. Foreign income.

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tax return Tax Start-ups Government 40

ThomsonReuters

AUGUST 5, 2021

Access authorization focuses on policies for granting workforce members access to PHI, such as how to request access and the criteria for granting access to particular systems, applications, and data based on workforce roles. The standard includes four implementation specifications. Contributing Editors: EBIA Staff.

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ThomsonReuters

MARCH 10, 2021

Clarifies that while no credit for paid sick and family leave may be claimed by the federal government or any federal agency or instrumentality, this would not apply to any organization described under Code Sec. 501(a) , including state and local governments. Restaurant revitalization grants. Employee Retention Credit.

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Inform Accounting

MAY 3, 2022

At Inform Accounting, our experienced team are on hand to advise you and make sure you’re as tax efficient as possible. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do? to see how we can help.

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Going Concern

MAY 22, 2023

Let’s start off with a positive post on r/accounting. Current and future accountants, you have a lot to be optimistic about. by u/manthisis in Accounting Moving on, PwC Australia continues to rack up the Ls. Some lawmakers have called for a total ban on granting the auditor more government contracts.

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Inform Accounting

APRIL 21, 2022

If the accounts are prepared using the cash basis, capital expenditure may also be deductible in accordance with the cash basis capital expenditure rules. At Inform Accounting, our experienced team are on hand to advise you and make sure you’re as tax efficient as possible. Remember to declare COVID-19 grants on your tax return.

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tax planning tax return Tax Government 52

Inform Accounting

OCTOBER 27, 2022

Hire an accountant First and foremost, we strongly recommend hiring an accountant. If you're ever unsure about a business expense, make sure you speak to your accountant. Remember, when it comes to taxes - your accountant is your best friend. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

Tax 52

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Inform Accounting

JUNE 29, 2022

This means that the profits which are taxed for a particular tax year are those for the accounting period that ends in that tax year. Where accounts are prepared to 31 March (or to a date between 1 and 4 April), the accounting period is deemed to correspond to the tax year.

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Inform Accounting

APRIL 26, 2022

For more information on these key tax changes, take a look at our blog Changes affecting staff costs and dividends from April 2022. This blog is for information purposes only, and should not be used as a substitute for independent tax advice. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

Tax 52

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Inform Accounting

MAY 3, 2022

At Inform Accounting, our experienced team are on hand to advise you and make sure you’re as tax efficient as possible. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do? to see how we can help.

Tax 52

Tax tax planning tax return Government 52

Inform Accounting

APRIL 19, 2023

This sounds generous of the chancellor at a time when the government is strapped for cash. Invest it (carefully) Making the right kind of investments might help you avoid IHT - an individual savings account (ISA) can’t help. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

Tax 52

Tax income tax tax return Government 52

LyfeAccounting

AUGUST 10, 2021

Small Business Grants. We love grants because it’s one of the few ways to raise money completely for free. Now let us briefly define what a small business grant is. The two biggest places to get grants are from government agencies or organizations. In fact, that is the same process for most grants.

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ThomsonReuters

DECEMBER 7, 2022

port of entry, and are governed by the US FTZ Board and the U.S. Special purpose FTZs , or “subzones,” are granted to individual companies whose needs cannot be accommodated by general purpose FTZs, such as manufacturing plants, oil refineries, and distribution facilities. FTZs: general purpose vs special purpose. What are they?

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Inform Accounting

NOVEMBER 18, 2022

From April 1st 2023 business rates will be reevaluated to take account of a rise in property values since 2017. What the government did announce was: No introduction of a possible Online Sales Tax. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? This takes effect from the Autumn Finance Bill 2022.

Tax 52

Tax income tax tax return corporation tax 52

Inform Accounting

APRIL 28, 2022

However, there are tax consequences if the loan remains outstanding nine months and one day after the end of the accounting period in which it was made. A repayment can be claimed from nine months and one day after the end of the accounting period in which the loan balance was cleared. He prepares accounts to 30 April each year.

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Inform Accounting

APRIL 26, 2022

At Inform Accounting, our experienced team are on hand to advise you and make sure you’re as tax efficient as possible. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do? to see how we can help.

tax planning 52

tax planning Tax tax return Government 52

ThomsonReuters

MARCH 29, 2021

ARPA Section 9901 directs states in the permitted uses of federal aid funds received pursuant to ARPA, such as providing aid to households and small businesses, assisting essential workers, and providing government services that may have been impacted by COVID-19 related revenue shortfalls. Sign up for a free trial today!

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ThomsonReuters

NOVEMBER 12, 2020

It was undisputed that the committee (and named fiduciary) was granted complete administrative and discretionary authority over the plan. The post Court Concludes Plan Administrator Failed to Properly Delegate Discretionary Authority to Service Representative appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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LyfeAccounting

NOVEMBER 25, 2020

Essentially, the loan would convert into a grant that would cover you for about 24 weeks. Also, as a disclaimer, I have to say that this is not financial advice and you should always consult with your specific accountant or lawyer. After that, you’re going to have to input the date the PPP Loan arrived in your bank account.

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Inform Accounting

APRIL 28, 2022

At Inform Accounting, our experienced team are on hand to advise you and make sure you’re as tax efficient as possible. Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Read more of Inform's tax blogs : Struggling to pay tax – What should you do? to see how we can help.

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tax planning tax return Tax Start-ups 52

ThomsonReuters

FEBRUARY 22, 2021

And regardless of the products they sell, all will have to re-calibrate the delicate choreography involved in keeping their supply chains running smoothly, taking into account the time and resources necessary to provide accurate customs documentation of all kinds. Other market sectors with complex international supply chains—e.g.,

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ThomsonReuters

FEBRUARY 15, 2023

property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact  on business investments and where people decide to live.

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ThomsonReuters

SEPTEMBER 8, 2023

Anyone starting a business should consult a qualified tax professional, such as an accountant or tax attorney, for advice on which corporate structure best fits their goals—but it helps to understand some of the factors that typically influence such decisions. Are required to submit tax return filings for business income and profits.

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LyfeAccounting

MARCH 10, 2021

CPA services are accounting services that are provided by a Certified Public Accountant, also known as a CPA. Most CPAs have Master’s Degrees in Business or Accounting with at least a few years of experience under a CPA. Compilations are basically financial statements that are prepared by an outside accountant.

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PYMNTS

JANUARY 7, 2019

But at the same time, the laws governing biometrics are a work in progress, and as more consumers become more skeptical about the safety and use of their identities and data online, you can bet on more cases testing the boundaries of existing regulations. Google was granted a motion for summary judgement by U.S.

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Xero

FEBRUARY 15, 2023

Blockchain for business Blockchains or decentralised ledgers are a fast-evolving technology that will continue to shift and change as more businesses and governments look at the role decentralisation plays in how we live and work. The post Five tech trends for small businesses to watch in 2023 appeared first on Xero Blog.

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LyfeAccounting

DECEMBER 7, 2020

And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Not to be confused with FICA, FUTA taxes are paid only by the employer to help the Federal government assist states with their unemployment program if needed. ?. Today, we’re going to be deep-diving into US payroll taxes.

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