Birmingham Net

Birmingham Accountants listing page: www.birminghamnet.co.uk/links/Brum.html

Submitted: Yes
Confirmed: No

1000 Mortgages Landlords Information

Landlords Information

Find impartial advice and information for landlords, together with mortgages at 1000mortgages.co.uk - where whole of market mortgage brokers do the
searching for you.

Accounting Mortgage Advice listing page: www.1000mortgages.co.uk/landlords-information.asp
Submitted: Yes
Confirmed: Yes

Property Tax - Advice and Tips

Property tax is an `ad valorem tax` that an owner pays on the value of their property. The taxing authority carries out an assessment of the monetary value of the property and tax is assessed in proportion to that value. The monetary value is a reflection of the market value of the property, or in other words, how much the property would sell for under normal conditions in a contemporary market.

Calculating what tax to pay can be a complex process, however, there are some government sponsored websites that give helpful information and answer the most common questions regarding property tax. They also give advice on tax free property investments.

There are many courses available both online and in various workshops that help understand and manipulate the UK property tax system. It is always worth checking out the credentials of those who lead the courses before signing up, but with a little bit of research it is easy to back up any `facts` they claim.

Some websites can help to assess property profit and capital gains tax by prompting for those details that you may already know such as purchase price, solicitor`s costs, survey costs, capital expenditures and selling costs. By inputting these details the website can calculate an owner`s taxable profit.

Information and tips on how to make more from buy-to-let properties, include details on why it makes more sense to live in the property for two years before letting it out, or let out the property and then live in it before you sell, to avoid capital gains tax and exploit the `Private Residence Relief` rule. Did you know that by renting out the spare room in your house, you can take advantage of the rent-a-room scheme and earn up to £4,250 tax-free a year? Or that simply by moving the greater portion of a property to the ownership of a spouse that pays a lower rate of tax, could reduce any property tax liability?

Despite there being so much help available from professional accountants, many people seem keen on trying to sort through their property tax alone or not at all. Remember that an accountant is usually there to try and help you lower the bill. Paying a fee of £100 for 30 minutes when they might save you as much as £1000 is surely worth it; it`s only too expensive when no tax savings are made. Whilst there is a lot of information available online for people
wishing to go it alone, it is worth considering that there can be no come-backs on any advice given; the responsibility is yours alone. For anyone thinking of taking the risk of not declaring anything to the taxman, think again! HMRC have access to a huge amount of information about property owners and frequently keep their eyes on those landlords not declaring their income; the average prison sentence for tax evasion tends to be around 2 years so think
carefully before making any rash decisions.

It is easy to get overwhelmed with the legal `jargon` surrounding tax, but there is plenty of help available. From anyone just starting out in property investments, to the more experienced developer, by doing a little bit of research, it is easy to make the most of your investment property in the UK.

IR35 Anti Avoidance Rules for Personal Companies

Anti avoidance rules apply if:

• an individual works for a large company (LargeCo) via an intermediary business (PersonalCo); and
• the individual would be deemed an employee of LargeCo but for PersonalCo

If the individual is in substance, an employee then, in addition to being taxed normally on what has happened during the year, he will be taxed on a deemed salary calculated as below:

Total deemed salary
Total amount invoiced to LargeCo by PersonalCo
Less: 5% deduction
Less: Gross salary and employer’s NIC paid to individual in the year by PersonalCo

The following is then payable to the Inland Revenue based on the above amount:

• Employer’s NIC
• Employee’s NIC
• Income tax

This will be payable as if the deemed salary was paid on 5 April.

Advantages of an Audit

The advantages of having an audit include:

• Independent check on the company's financial position and performance
• Adds credibility for external users of financial statements including banks and future investors
• Auditors can provide business advice

The Auditors' Code

There are 9 principles that guide the conduct of auditors:

• Accountability
• Integrity
• Objectivity and Independence
• Competence
• Rigour
• Judgement
• Clear communication
• Association

Abbreviated Accounts

Small and medium sized companies (SMEs) and limited liability partnerships (LLPs) can choose to submit abbreviated accounts to Companies House.

A Small Company is a business that meets at least two of the following three conditions:

• annual turnover must be £5.6 million or less
• balance sheet total must be £2.8 million or less
• average number of employees must be no more than 50

A Medium Company or LLP is a business that meets at least two of the following three conditions:

• annual turnover must be £22.8 million or less
• balance sheet total must be £11.4 million or less
• average number of employees must be no more than 250

VAT registration April 2007 to March 2008

A business making taxable supplies in the UK must register for VAT if

• its revenue in the previous 12 months exceeds the VAT Registration Limit, or
• it is expected that the turnover in the next thirty days will be more than the VAT Registration Lmit

A company may cancel its registration if

• revenue falls below the VAT Deregistration Limit, or
• the company can show turnover will fall below the limit in the next 12 months.

The limits from 1 April 2007 are:

VAT Registration: £64,000
VAT Deregistration: £62,000

Trafalgar Accounting

Trafalgar Accounting Solutions London based accountants specialising in providing accountancy solutions to people working on contract throughout the UK and Europe.

London Accountants listing page: www.trafalgaraccounting.co.uk/links/1_Accounting_Resources.shtml
Submitted: Yes
Confirmed: No

All Free Things Business Related

All Free Things

Business Directory listing page: www.allfreethings.com/categories/business-related-1.html
Submitted: Yes
Confirmed: Yes

Domaining In

Premium SEO Friendly Directory - Domaining.in

Business Directory listing page: www.domaining.in/Business/Other/
Submitted: Yes
Confirmed: No

Directory World

Directory World

Business Accounting Directory listing page: www.directoryworld.net/index.php?c=218
Submitted: Yes
Confirmed: No

Iozoo Business Directory

Iozoo.com Human edited european directory "Linking Europe" Free website submissions

Business Directory listing page: www.iozoo.com/United_Kingdom/Business/Directories/index.html
Submitted: Yes
Confirmed: No

Slack Alice Business Directory

Slack Alice

Business Directory listing page: www.slackalice.com/dir/474/1.php
Submitted: Yes
Confirmed: Yes

B2B Index

B2B Index

Accounts and Finance listing page: www.b2bindex.co.uk/index/Listings/4/
Submitted: Yes
Confirmed: No

Financial Services Directory

Financial Services Directory - UK directory of financial services and independent financial advisors.

Financial Services listing page: www.business-directory-uk.co.uk/financial-services.htm
Submitted: Yes
Confirmed: No

Business Ranks

Business Ranks

Business Accounting listing page: www.businessranks.com/accounting.htm
Submitted: Yes
Confirmed: No

Internet Directory Accounting

Internet Directory

Internet Directory Accounting listing page: www.internet-directory.com/accounting/firms/directories
Submitted: Yes
Confirmed: Yes

Accountancy Marketing

Accounting firm client acquisition
www.accountancymarketing.co.uk offers unique knowledge, tools and services for accounting professionals in public practice on finding a constant stream of new accounting clients at better profit. Free newsletter to practitioners.

Accounting Firm listing page: www.accountancymarketing.co.uk/links.html
Submitted: Yes
Confirmed: No

West Ham Fans Directory

Web Directory

Business Accounting Directory listing page: directory.westhamfans.org/business/accounting/
Submitted: Yes
Confirmed: No

Web Directory YYYEP

Web Directory YYYEP! - Web directory of websites loving success. Submit your site to the most YYYEP! Web directory.

Accounting Business Finance listing page: http://yyyep.com/Business/Finanace/
Submitted: Yes
Confirmed: No

Accounting Jobs Network

Accounting Jobs Network The easiest way to find your next accounting job.

Accounting Jobs listing page: www.accountingjobsnet.co.uk/links/
Submitted: Yes
Confirmed: No

Add Link URL

Add Link Url

Business Accounting listing page: www.add-link-url.com/business/accounting/
Submitted: Yes
Confirmed: No

Arakne Links

Arakne-Links Directory

Business Resources listing page: http://www.arakne-links.com/Business/Resources/
Submitted: Yes
Confirmed: No

Accounts

Accounts
It is a regulatory requirement for every limited company in the United Kingdom to file annual accounts with Companies House. Failure to do so may can result in penalties and fines. Financial accounts typically conists of an income statement, balance sheet and cash flow statement as well as notes to support these three documents.

Small limited companies may submit abbreviated accounts which contain less detail. Most significantly only a balance sheet need be filed.

Payroll

Payroll
Payroll is a key administration area of any company. Pay, wages and salaries are often the single biggest cost in the income statement or profit and loss account of most companies. There are several tax implications to consider when managing payroll as well as controls necessary to ensure correct payments are made to employees.

VAT

VAT
Value added tax (VAT) is a tax on sales that currently stands at 17.5% in the United Kingdom. Whenever a company makes a sale to another company or to an individual consumer they must pay VAT at 17.5% to HM Revenue & Customs.

Bookkeeper

Bookkeeper
A bookkeeper is reponsible for maintaining financial records. The process of recording transactions is known as bookkeeping. A grasp of accounting concepts such as debits and credits is required to successfully balance the financial book. Due to the expertise required this administration function is often outsourced to a firm of accountants. Alternatively accounting software can be used to help automate the process.

Small Business

Small Business
It is a widely stated fact that many a small business fails within the first three years of operations. An important factor in sucessfully setting up a small business is the role of managing finances. To this end an accountant can play a key part. An accountant can offer advice on managing cashflows, suggest appropriate accounting software to maintain suitable accounting records, and suggest tax saving schemes.

Auditor

Auditor
An auditor is an accountant tasked with carrying out an audit. Audits are a regulatory requirement for certain sized firms.

Tax Advice

Tax Advice
A tax accountant is an invaluable source of tax advice. However, there are some simple tax advice tips that can be adopted to plan tax affairs efficiently.

Capital Gains Tax Allowance
Pension
Individual Savings Account
Gift Aid