Current News Stories
Professional Service & Advice All The Way!
The building trade is being advised..
.
Fraudsters are exploiting the current banking crisis to target affected
customers
.HM
Revenue & Customs is encouraging members of the building trade and
other self employed people to file their self-assessment returns
electronically through an advertising campaign that uses sandwich bags.
One side of the ad bag says ‘Do your Tax return on paper by 31
Oct’ while the other side says ‘Do your Tax Return online
by 31 January, and more than 2 million of them will be distributed
across the UK before the end of October.
Fraudsters are exploiting the current banking crisis to target affected
customers
Fraudsters
are exploiting the current banking crisis to target affected consumers,
increasing the risk of identity theft. We all need to be increasingly
cautious, according to a report from the all-party parliamentary group
on identity fraud. As its chairman, Nigel Evans MP, recently told
listeners to BBC Radio 4`s Today Programme: ‘The fraudsters are
being smart, and we’re not sufficiently being smart
enough.’ The British Bankers` Association recommends the
following simple steps to reduce the risk of identity theft: keeping
cards and PIN numbers secure, being up to date with internet security,
disposing of statements and letters securely and reporting any suspect
communications or unauthorised activity on their accounts.
The Tax System Explained…
The Tax System Explained…
A large chunk of your earnings disappears in tax; BBC News offers an introduction to how the tax collection system works.
There are said to be only two certainties in life - death and taxes.
But certain types of taxes apply only to certain people - you have to earn above a certain limit to qualify for income tax and if you are self-employed you may be entitled to claim back much of your VAT.
There are exemptions, relief, thresholds and allowances - all of which can make the system difficult to navigate.
Tax is how the government raises money to spend on public services, such as education, health and the social security system.
Tax is levied on many goods and services in the shape of Value Added Tax (VAT); we pay income tax on the money we earn.
Tax can also be levied on a range of transactions, such as inheritance and profit made on the sale of homes or antiquities.
The tax system is fiendishly complicated: it is no wonder there is an army of tax experts trying to pick holes in it on behalf of their clients.
But certain types of taxes apply only to certain people - you have to earn above a certain limit to qualify for income tax and if you are self-employed you may be entitled to claim back much of your VAT.
There are exemptions, relief, thresholds and allowances - all of which can make the system difficult to navigate.
Tax is how the government raises money to spend on public services, such as education, health and the social security system.
Tax is levied on many goods and services in the shape of Value Added Tax (VAT); we pay income tax on the money we earn.
Tax can also be levied on a range of transactions, such as inheritance and profit made on the sale of homes or antiquities.
The tax system is fiendishly complicated: it is no wonder there is an army of tax experts trying to pick holes in it on behalf of their clients.