Harnett Accontants

Tag: accountants in west london

  • Harnett Accountants Putney – Government Plans To Unite Sme Incentives

    Accountancy

    Harnett Accountants Putney – Government Plans To Unite Sme Incentives

    Harnett Accountants Putney brings you this report from the Accountancy Age website, revealing new government plans to provide help for SME’s and startups under one centrally managed scheme.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “HELP FOR SMEs should be more easily accessible and under the umbrella of one organisation according to ICAEW chief executive Michael Izza.

    As things stand, applying for funding for activities such as employing young people, starting your own business, cheap loans and export support must be done through various different bodies.

    But a state-sponsored small business bank announced by George Osborne last week provides an opportunity to unite those services under one roof.”

    In July, Harnett Accountants Putney reported on a survey revealing that a third of UK SME’s were missing out on tax breaks available to them. More worryingly, at the time of that report, only 1 in 3 UK SME’s were completely aware of all the tax breaks available to them. However, it is hoped that this new decision to unite all of the various incentives and finance schemes under one roof will raise the level of awareness and use of available tax breaks and further help the ailing UK economy.

    If you need advice about tax breaks and incentive schemes, or if you’re unsure about exactly which schemes your company could be elligable for, please contact us through our website or on 020 8977 3883, and we will arrange a free, one hour no obligation consultation. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with business start-up advice?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants West London Car Tax Advice

    Accountancy

    Harnett Accountants West London Car Tax Advice

    Many of our clients in West London ask us for advice on Company Cars and the tax implications.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    Our accountants in Wimbledon have had several such enquiries lately, so we asked Damien to say a few words.

    We hope this is of help.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants Fulham – Bank Of England Plans To Increase Lending

    Accountancy

    Harnett Accountants Fulham – Bank Of England Plans To Increase Lending

    Harnett Accountants Fulham brings you this report from the BBC Business News website, detailing new plans being rolled out by the bank of England to encourage banks to lend more to individuals and small businesses.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “Funding for Lending, the new Bank of England and Treasury initiative to boost bank lending to households and businesses, has come into operation.

    The aim of the scheme is to increase bank lending by roughly £80bn, and banks and building societies will be able to access funds until the end of January 2014.”

    As accountants in West London, we see many small businesses and individuals who need access to business finance or mortgages, and over the last four years it has been increasingly difficult to obtain that finance. It’s hoped that by giving commercial banks access to cheaper borrowing (in the form of treasury bills), they will then be able to afford to lend more money to individuals and small businesses. However, there don’t appear to be any safeguards in place to ensure that the funds lent by the Bank of England are actually used to provide more lending to customers, only incentives to reward banks who do increase their lending with a very low interest rate.

    However, this scheme could simply turn into a cheap and heavily manipulated source of finance for commercial banks, with very little or no extra lending to individuals or businesses required. Other critics also cite fears that the worsening Euro zone crises will simply cancel out any good that will come from this scheme completely. There is however some protection for tax payers built into this scheme, namely a way to ensure that commercial banks will have to take a haircut on any losses their incur instead of the Bank of England.

    If you need help or advice with raising finance for your business, or advice about interest rates and loans, please contact Harnett Accountants Fulham, and we will arrange a free one hour no obligation consultation. Contact us through our website or call us on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants Putney – Cable Confirms Business Bank

    Accountancy

    Harnett Accountants Putney – Cable Confirms Business Bank

    Harnett Accountants Putney brings you this report from the BBC Business News website, confirming that the government is moving ahead with plans for its business bank:

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “The government is moving ahead with plans for a government-backed “business bank” to boost lending to UK companies.

    The business secretary, Vince Cable, said he hoped such a bank would “shake up the market” and help boost overall lending to firms.

    Existing government schemes such as the regional growth fund have been criticised for not lending allocated funds to businesses fast enough. The UK economy has been stifled, and a low level and relatively high cost of borrowing is one factor which has squeezed UK businesses.

    To date there have been several government schemes to increase lending to businesses, or to offer them tax relief, but they have all been run by different organisations and in different ways, and this has led to a lot of confusion for UK businesses (particularly amongst SME’s) over which finance and tax relief schemes they are actually eligible for.

    Details of the business bank are yet to be revealed, but the overall objective is to unite all of the various schemes and incentives under one roof to boost lending to UK businesses and make information clearer and more accessible.

    If you need help or advice identifying which finance schemes or tax relief incentives your business qualifies for, please contact Harnett Accountants Putney, and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants Putney – Taxman Admits Fault In Half Of All Cases

    Accountancy

    Harnett Accountants Putney – Taxman Admits Fault In Half Of All Cases

    Harnett Accountants Putney Bring you this report from the Accountancy Age website, revealing that nearly 3 out of 5 compaints made to the taxman result in the taxman admitting fault.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “NEARLY THREE OUT OF FIVE complaints made to the taxman in resulted in the taxman admitting fault, according to research conducted by law firm Pinsent Masons.

    More than 58,000 complaints were received by HM Revenue & Customs in 2010/11, with the department itself upholding the grievances at least partially in over 33,000 cases, equating to 57% of total objections.

    Among the most common causes for complaint for individuals and small businesses are unreasonable delays, mistakes, and poor treatment by HMRC staff.”

    The bottom line is that you can complain to the taxman directly if you feel that you’ve been unfairly treated or incurred unreasonable financial costs. If you need advice about making a complaint to HMRC, or help working out exactly how much tax you should be paying, contact Harnett Accountants Putney, and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants Fulham – Business Bank Could Take Decades

    Accountancy

    Harnett Accountants Fulham – Business Bank Could Take Decades

    Harnett Accountants Fulham brings you this report from the Accountancy Age website, revealing new criticisms of the governments Business Bank.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “A BUSINESS BANK designed to provide help to SMEs under the umbrella of one organisation could “take decades” to get right, according to ACCA.

    The institute emphasised the need to establish a bank that will operate long-term, stressing that without consistency over time, small businesses will be unlikely to derive any benefit from the body.

    Manos Schizas, senior economics analyst at ACCA, said: “Politicians can only make the landscape for small business finance work better by agreeing on a long-term industrial policy that will survive the politics of the coming years and outlive future parliamentary terms.”

    There are also concerns that the government will effectively be choosing winners and losers with the new scheme, as one central body will have total control over all of the various tax relief and finance schemes. However the government hopes that the scheme will simply reduce confusion and red tape for UK businesses and startups when applying for finance or tax relief.

    If you need advice about which tax relief schemes your business is eligible for, contact Harnett Accountants Fulham, and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with business start-up advice?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • – Minister Says Cash In Hand Is Morally Wrong

    Accountancy

    – Minister Says Cash In Hand Is Morally Wrong

    brings you this report from the BBC Business News website:

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “Treasury minister David Gauke has said it is “morally wrong” to pay tradesmen such as plumbers, builders and cleaners in cash in the hope of avoiding tax.

    He argued the practice came at “a big cost” to the Treasury and meant other people had to pay more.

    But Treasury sources stressed Mr Gauke was answering a specific question rather than proposing a policy change.

    Labour said the government should be focusing on “clamping down” on “large-scale tax avoidance”.

    Asked if he ever had paid cash to tradesmen to reduce his costs, London Mayor Boris Johnson said: “I’ve certainly paid a lot of cash in hand.”

    In response to the same question, Local Government secretary Eric Pickles said: “Certainly not.”

    What This Means For You

    And Culture Secretary Jeremy Hunt said: “David Gauke was saying that tax-dodging is wrong and personally I haven’t dodged tax.”

    The government is estimated to lose about £2bn each year to the black economy as tradesmen fail to pay VAT or income tax by not declaring payments and keeping them “off the books.”

    If you need advice about how to reduce your tax bills, or how to run your business in the most tax efficient way possible, please contact Harnett Accountants Kingston, and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with VAT returns and compliance?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants West London – Company Cars

    Accountancy

    Harnett Accountants West London – Company Cars

    Harnett Accountants West London are pleased to present the first in a new series of video tax tips, designed to help improve your business and lower your tax bills. Today’s tip covers the topic of buying or leasing company cars, and what the various tax disadvantages might be.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    If you need advice about the most tax efficient way to purchase your new car, please contact Harnett Accountants West London, and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants Chiswick – Business Bank Will Need £40bn

    Accountancy

    Harnett Accountants Chiswick – Business Bank Will Need £40bn

    Harnett Accountants Chiswick brings you this report from the BBC Business News website, claiming that the government’s business bank idea could take up to £40bn to work.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “The government-backed “business bank” planned by Business Secretary Vince Cable will need £40bn to successfully boost lending to UK firms, says the think tank IPPR.

    It says the bank must also be able to tap bond markets for up to £100bn.

    The IPPR also suggests the government allow the bank to invest in infrastructure projects such as road building to help reflate the economy.”

    If you need advice about raising finance for business investments or business startups, please contact Harnett Accountants Chiswick and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with business start-up advice?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • – Taxman Must Steer Clear Of Advisory Board

    Accountancy

    – Taxman Must Steer Clear Of Advisory Board

    brings you this report from the Accountancy Age website, warning that the taxman must not be allowed on the advisory panel which will look at tax schemes.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    “THE TAXMAN MUST STAY CLEAR of an advisory panel proposed to determine whether tax schemes are abusive, according to the CIoT and ATT.

    In response to the consultation on introducing a general anti-abuse rule (GAAR), the tax bodies warned that the proposals risk handing too much power to HM Revenue & Customs.

    A panel for looking into the true purpose of tax schemes – and determining whether they are contrived to avoid tax – should have no HMRC representatives.”

    If you need advice about reducing your tax bills, or running your business in the most tax efficient way, please contact and we will arrange a free, one hour, no obligation consultation. You can contact us through our website or on 020 8977 3883. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.