Pharmacy Accountancy


News & Articles


The Budget – 2012
George Osborne delivered his third budget on 21st March 2012, many of his proposals will not take effect until 2013/14.
A Free Pension?
In reality, no one is going to get a free pension, but some individuals can get very close to it...
A Festive Tax Break
As Christmas approaches thoughts turns to office parties. So what view does the tax man take when an employer arranges a Christmas party for their staff?
Self Assessment Penalties
The self-assessment system was introduced in 1996 and at present HM Revenue & Customs require about 10 million individuals to file returns each year.
Should I Incorporate?
This is a question we are frequently asked by locums. The answer is “it all depends”.
The 1000% Tax Trap - And How To Avoid It
Imagine getting a pay rise of £1,000 per annum and then finding your tax liability increasing by £1,055, that’s over 100% tax. Now imagine your pay rise is just £100 but your extra tax liability is still £1,055. That’s a tax rate of over 1000%!
Pharmacy Locum Tax Planning
At what point should a sole trader pharmacy locum consider operating via a limited company? The answer to this depends on a number of factors, which are specific to the individual.
2010/2011 Tax Year End Planning
February is a good time for individuals to have a think if there are any simple steps they can take to minimise their tax liabilities.
New Pension Regime - Government Announcement 9th December 2010
We detailed the key points arising from the Government's announcement on 9th December 2010 regarding the future direction of pension provision in the UK.

 

 

Being careful with a life insurance payout - Online accountants

Anyone that has just come into a lot of money should look on the internet for accountants that should be able to help them avoid getting into a financial mess. And if the beneficiary of a life assurance policy decides to start up a business with the cash they received then they will need to find a suitable tax return specialist on the internet today. Taking out a policy that will payout to your beneficiaries in the result of your death is sometimes a little bit depressing to say the least. Having said that, the fact that none of us are immortal should be enough to get our feet back on the ground in terms of accepting that one day we will die. Life insurance providers that do not employ the services of experienced and competent accountants could end-up getting into a spot of bother with their tax returns.

But as there are plenty of companies operating on the net that deal with large corporations tax affairs, it shouldn't be difficult finding a suitable accountancy firm these days. There are of course many different types of accountants, some specializing in one particular kind of accounts such as PAYE or self-assessment. Before deciding on the company to take out a life assurance policy with, it pays to take a good look at all the available options on the internet rather than choosing the first one you are recommended. This is certainly one way to save money on the premiums.