Latest disclosure amnesty offers opportunity for all to ‘come clean’

If you are not a plumber (or even if you are!) you might be forgiven for not being aware of the current tax amnesty being offered by HMRC. Plumbers, gas fitters, heating engineers and other associated trade members are all being given the chance to notify HMRC of any tax underpayment by 31st May 2011. Provided certain conditions are met, any penalties payable will be at a greatly reduced rate.

Is your house in order? Business record keeping spot checks start

It’s now full steam ahead with this initiative to improve record keeping and HMRC have just issued the first batch of letters to 1,000 businesses advising that they want to carry out an inspection visit. Their intention is to visit 50,000 small businesses each year for the next 4 years. What can you do to make sure you’re not one of them…..ask Anne Eager!

R&D Tax Credits to become valuable funding source for innovators and high tech start ups

Although the recent Budget didn’t include any obvious giveaways for small businesses, improvements to the R&D tax credit system could be a real boon for entrepreneurs and SMEs.