NGM Accountants :: Latest news

HMRC Task Forces on the march

John Fairgrieve — Sat, 07 Jan 2012 07:56:00 +0000

HMRC announced back last year that they would be creating 12 Task Forces which would be geographically specific and carry out intensive bursts of compliance activity into high risk trade sectors.

Real Time Filing

John Fairgrieve — Mon, 21 Feb 2011 21:20:00 +0000

Another well kept secret of HMRC.

Car Allowances: Earnings or Expenses?

John Fairgrieve — Tue, 30 Nov 2010 23:55:00 +0000

It's not often that the taxpayer wins a famous victory but as this article goes to press, it looks like he has.

Dates back on line

John Fairgrieve — Wed, 03 Nov 2010 23:03:00 +0000

Pleased to report that our important dates are now back on stream. Take a look here at our important tax deadline dates

Important Dates

John Fairgrieve — Mon, 01 Nov 2010 12:58:00 +0000

Due to a small technical hitch, our Important Dates page is currently down. We are working on this to restore service as soon as possible.

Brand New Alliance with EmployEasily HR Services Ltd

John Fairgrieve — Fri, 01 Oct 2010 11:27:00 +0100

I'm pleased to announce a brand new alliance with EmployEasily HR Services Ltd.

HMRC stays in the news

John Fairgrieve — Sat, 25 Sep 2010 08:04:00 +0100

They do say that no publicity is bad publicity its just how you handle it that makes the difference.

Enemy of Apathy

John Fairgrieve — Sat, 18 Sep 2010 21:43:00 +0100

Today in The Herald, there was an article about general taxpayer ignorance and apathy about our glorious tax system coinciding with the inexcusable failure of HMRC to properly manage their affairs - our affairs. If you want to check out the online version of the article, it's here.

Tax notices - who's right?

John Fairgrieve — Tue, 07 Sep 2010 07:14:00 +0100

If you get what looks like a tax demand in the next few days, don't panic. It's merely a statement of what the taxman thinks you owe them or that he owes you.

Still more Good News and Bad news...

John Fairgrieve — Sat, 04 Sep 2010 07:17:00 +0100

The only constant is change

John Fairgrieve — Fri, 27 Aug 2010 13:36:00 +0100

Change is always with us and it was Heraclitus, a Greek philosopher who said - in Greek obviously - "the only constant is change." Templeton Green (the business coaching firm we're working with) also use it in one of their straplines but I think they probably borrowed it from Heraclitus!

Do you want the Good news or the Bad news?

John Fairgrieve — Wed, 25 Aug 2010 13:39:00 +0100

Living life on the edge

John Fairgrieve — Thu, 19 Aug 2010 14:17:00 +0100

On the edge of what you might ask.

Google Google

John Fairgrieve — Tue, 06 Jul 2010 21:49:55 +0100

We've got a new website.

How long does it take to change 150,000 lightbulbs?

John Fairgrieve — Wed, 30 Jun 2010 13:49:00 +0100

Simple.

Size is not everything

John Fairgrieve — Sat, 19 Jun 2010 06:23:37 +0100

One of the penalties of being an accountant is having to keep up to date with the latest in taxation and in case you maybe hadn't heard, the UK's tax laws are among the most extensive and complex in the world.

Taxman's sums add up to more investigations

John Fairgrieve — Fri, 11 Jun 2010 18:58:41 +0100

I think I am still allowed to call "him" the taxman in today's politically correct climate. It is not a statement of fact, simply a term of endearment.

Just in case you haven't caught up with this piece of news here it is.

Most people I know pay tax. I pay tax and I'm an accountant. There is nothing morally wrong with paying tax and yet not everyone does pay tax. Apparently there is a gap between the amount of tax that is theoretically collectible and the amount that actually is collected. I'm not talking here about people taking their time in handing over the cash, I'm talking about profits and earnings that seem to be escaping the taxman's sticky fingers altogether.

We're not talking a few million or even a few hundred millions. The gap is 40 billions.

Yes that's right. £40,000,000,000 - depends of course on what you mean by a billion.

You could lose your shirt

John Fairgrieve — Wed, 09 Jun 2010 13:24:44 +0100

Since the introduction of the Companies Act 2006, Companies House have begun to get really tough. In at least 1 instance I've heard about a company's bank account has been shut down because the director failed to file a £15 form at Companies House.

Just so you know

John Fairgrieve — Thu, 27 May 2010 09:08:20 +0100

In case you hadn’t heard that is, the first budget of the new government is in June.There is much speculation already about what that very special Budget Day will bring and I am not a betting man – would you expect an account to take risks? – so I’m not going to predict anything right now except for three things:We’ll see VAT rise to 20% and the scope extended to include some stuff that is presently zero rated but not non-luxury foods, children's clothes or travel (yet).I believe there will be a small rise in Personal Allowances to move towards the Lib Dem ideal of the first £10,000 of earnings to fall out of the tax net, and finallyCapital Gains Tax (CGT) will rise probably to 20% into put income and capital gains on an equal footing, but this will be a temporary measure in advance of a more full review of how CGT works.OK, I’ve nailed my colours to the mast.Are you brave enough to have a guess?

VAT Registration

John Fairgrieve — Sun, 16 May 2010 00:00:00 +0100

Many people ask me the same kinds of questions about VAT registration and what it boils down to are these two FAQs: