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	<title>Oaktree Accountancy</title>
	<link>http://www.oakacc.co.uk</link>
	<description>Accountancy, Tax &#38; Book-keeping</description>
	<lastBuildDate>Wed, 28 Jul 2010 08:09:35 +0000</lastBuildDate>
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	<item>
		<title>When and how do I run payroll?</title>
		<description><![CDATA[1.      Summary of Key Points

Operate a payroll system on any employee you pay above £97 for a week or £421 for a month.
Make every effort to get a P45 for new joiners, and issue them to leavers.
Issue payslips and P60s to your staff in good time.
Choose a good payroll system – but not the HMRC [...]]]></description>
		<link>http://www.oakacc.co.uk/when-and-how-do-i-run-payroll</link>
			</item>
	<item>
		<title>Will I have a CGT Bill When I Sell My Buy-To-Let ?</title>
		<description><![CDATA[1. Summary of Key Points


There are three rates of Capital Gains Tax as from 23 June 2010 – 10%, 18% and 28%.
A Furnished Holiday Let is taxed at the 10% rate.
If your taxable income plus gains in the tax year is above £43,875 you’ll be taxed at 28%.
Each UK resident has an annual CGT exempt [...]]]></description>
		<link>http://www.oakacc.co.uk/will-i-have-a-cgt-bill-when-i-sell-my-buy-to-let</link>
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		<title>What expenses can I claim against tax?</title>
		<description><![CDATA[1.      Summary of Key Points

The general rule is that business expenses are OK, but not personal ones.
You need to identify the personal element of all expenses and ensure these are not claimed for tax purposes.
There are strict tax rules on what motoring expenses are allowable.
Most business entertaining is not allowable for VAT, income tax or [...]]]></description>
		<link>http://www.oakacc.co.uk/what-expenses-can-i-claim-against-tax</link>
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		<title>Oaktree&#8217;s One-Person Limited Company Package</title>
		<description><![CDATA[One-person Limited Company Services
 

Notifying the Registrar of the year-end. 
Setting up a PAYE scheme with HMRC.
Submitting all PAYE year-end forms – P11d, P11d (b), P35, P14, P60 
Registering for VAT.
Preparing and submitting quarterly VAT return within 20 days of quarter end. 
Invoicing the agency or client from an authorised timesheet and expense claim.
Preparing monthly [...]]]></description>
		<link>http://www.oakacc.co.uk/oaktrees-one-person-limited-company-package</link>
			</item>
	<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>
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		<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>
	<item>
		<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>
	<item>
		<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>
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