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	<title>Oaktree Accountancy</title>
	<link>http://www.oakacc.co.uk</link>
	<description>Accountancy, Tax &#38; Book-keeping</description>
	<lastBuildDate>Wed, 03 Mar 2010 04:05:42 +0000</lastBuildDate>
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	<item>
		<title>What tax year-end planning can I do?</title>
		<description><![CDATA[1.	Summary of Key Points
•	Everyone should check their tax codes and get their tax affairs in order to avoid fines and penalties.
•	Anyone with spare cash should consider paying off some of their mortgage, making full use of their ISA allowance or topping up their pension.
•	Ensure your Working Tax Credit records are kept up to date if [...]]]></description>
		<link>http://www.oakacc.co.uk/what-tax-year-end-planning-can-i-do</link>
			</item>
	<item>
		<title>Can I save tax on my refurbishment programme?</title>
		<description><![CDATA[1.	Summary of Key Points
•	The tax treatment of certain types of spend varies from 0% to 100% allowable.
•	A good plan drawn up early and shared with your accountant is likely to save you tax.
•	Plant claiming rates range from 10% to 100% and are constantly changing with each new Budget.
•	The definition of plant is very complex – [...]]]></description>
		<link>http://www.oakacc.co.uk/can-i-save-tax-on-my-refurbishment-programme</link>
			</item>
	<item>
		<title>How likely am I to face an HMRC investigation?</title>
		<description><![CDATA[1.    Summary of Key Points
•    Is your business in a risk sector?
•    Does it have any risk factors which make it more likely to be investigated?
•    Recently only 3% of self-assessment taxpayers have been investigated but this could well rise in 2010-11.
•    You may need a specialist accountant who deals full-time in this sort of [...]]]></description>
		<link>http://www.oakacc.co.uk/how-likely-am-i-to-face-an-hmrc-investigation</link>
			</item>
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		<title>What must I do as a Construction Contractor?</title>
		<description><![CDATA[1.    Summary of Key Points
•    Register as a Contractor before hiring a sub-contractor.
•    Verify each sub-contractor.
•    Assess whether each sub-contractor is self-employed or employed under the HMRC rules.
•    Issue detailed statements to each sub-contractor by the 19th of every month following the month worked.
•    Pay over all deductions to HMRC by the 22nd.
•    Complete the [...]]]></description>
		<link>http://www.oakacc.co.uk/what-must-i-do-as-a-construction-contractor</link>
			</item>
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		<title>What Year-End Should I Choose?</title>
		<description><![CDATA[1.      Summary of Key Points

Choose either 31 March or 30 April as your year-end if you are a sole trader or partnership.
If you are likely to have stable early year profits, choosing 31 March makes doing tax returns simpler.
If you have increasing profits in your early years, you’ll reduce the early tax payments by choosing [...]]]></description>
		<link>http://www.oakacc.co.uk/what-year-end-should-i-choose</link>
			</item>
	<item>
		<title>Pre-Budget Report 2009 &amp; Election 2010</title>
		<description><![CDATA[1.     Summary of Key Points

 UK politics are likely to impact on UK businesses more than usual in 2010.
The UK economy debt mountain is twice the size of the maximum level targeted by the Government.
Areas which get a favourable tax treatment might be easy targets to help reduce the debt.
It still makes sense for many [...]]]></description>
		<link>http://www.oakacc.co.uk/pre-budget-report-2009-election-2010</link>
			</item>
	<item>
		<title>How Do I Change My Accountant?</title>
		<description><![CDATA[The good news is that changing your accountant is normally less hassle than changing a utility supplier.  There is really only one action you need to take:
Write to your current accountant to inform them who you have appointed as your new accountant.
 
Your new accountant will deal with everything else concerning the handover of information [...]]]></description>
		<link>http://www.oakacc.co.uk/how-do-i-change-my-accountant</link>
			</item>
	<item>
		<title>Can I pay less tax on my holiday let?</title>
		<description><![CDATA[1.    Summary of Key Points
•    Follow the guidance on “Can I pay less tax on my Buy to Let” as most of this also applies to holiday lets.
•    Up until 05 April 2010, a holiday let meeting certain conditions enjoys a more favourable tax treatment.
•    From 06 April 2010, the tax status of a holiday [...]]]></description>
		<link>http://www.oakacc.co.uk/can-i-pay-less-tax-on-my-holiday-let</link>
			</item>
	<item>
		<title>Should I use the VAT flat rate scheme for farmers?</title>
		<description><![CDATA[1.     Summary of Key Points

VAT administration is much easier in the scheme, so most farmers will benefit unless they currently have a high level of input VAT on purchases in their business.
In the scheme there are no VAT returns to submit, no VAT control account to keep.
There is much less chance of a VAT fine [...]]]></description>
		<link>http://www.oakacc.co.uk/should-i-use-the-vat-flat-rate-scheme-for-farmers</link>
			</item>
	<item>
		<title>What can I claim for business use of my home?</title>
		<description><![CDATA[1.     Summary of Key Points

A round sum claim of £3 per week should not be challenged.
Anyone using part of their house more than 2 hours per week can probably claim more than this.
Such a claim must be based on the area of the room and time the room is used for business.
Reasonable claims for general [...]]]></description>
		<link>http://www.oakacc.co.uk/what-can-i-claim-for-business-use-of-my-home</link>
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