Harnett Accontants

Tag: companies house

  • Harnett Accountants In Kingston Answer Your Queries

    Tax Insights

    Harnett Accountants In Kingston Answer Your Queries

    A client came to our Harnett Accountants in Kingston in kingston who specialise in HR and Legal at with this query.

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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

    “I have recently prepared all our companies accounts and submitted them to the Companies House and Tax Office. However, the Taxman sent back my company’s accounts and tax return saying they were in the wrong format. I’m confused. What have I done wrong?”

    Harnett Accountants in Kingston informed their client that since April 2011 all company accounts must be submitted online in iXBRL format. Offering our free hour no obligation consultation Harnett Accountants in Kingston were able to help the client to get their accounts back in order and submit it online.

    If you are interested in speaking to one of our members of staff then don’t be afraid to contact us through the contact information page on our website, alternatively you can .

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    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.

  • From Your Accountants In Twickenham – Companies House Reminder Scheme

    Accountancy

    From Your Accountants In Twickenham – Companies House Reminder Scheme

    Your helpful Accountants in Twickenham here with another great business tip.

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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

    Did you know there’s an email reminder service for your company or LLP at Companies House. Once you have registered you will receive timely emails to remind you of the due dates to submit the annual return and accounts for your business, and paper reminders will cease.

    Up to four email addresses can be registered for each business. Each email address nominated will receive an activation email which must be acted upon within five days.

    Remember that offer a free hour no obligation consultation and can be followed on Facebook, Twitter and .And keep coming back for our daily blogs and, very soon, video tips from Damien Harnett founder of Harnett Accountants.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    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.

  • Buying A Commerical Property? Here’s Another Useful Tip From Our Accoutants In Twickenham

    Accountancy

    Buying A Commerical Property? Here’s Another Useful Tip From Our Accoutants In Twickenham

    Here is another useful tip for business owners from our accountants in Twickenham. If you’re buying a building, you generally won’t have to pay any VAT. However, there are many exceptions to this.

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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

    A person who holds an interest in a building (freehold or leasehold) can opt to tax the building, such that income from selling or letting the building is subject to VAT. If you purchase a building and the purchase price includes VAT, you do not have to opt to tax that building.

    Consider Ali who owns a VAT registered car repair business. He purchases a new commercial unit for £200,000 plus VAT of £40,000. The unit is used entirely for the car repair business, so Ali can reclaim the VAT of £40,000 in the same way he reclaims VAT on other purchases.

    Ali does not have to opt to tax the unit to reclaim that VAT. In a few years Ali may want to sub-let the unit, in which case the rent will be exempt from VAT. This will make Ali’s business partially exempt, which may mean he cannot reclaim all the VAT charged on his purchases. In that situation Ali may choose to opt to tax the building so the rent must have VAT added.

    Practical Tips

    Check back regularly for more useful tips and advice from our expert team.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and 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.

  • Another Valuable Tip From Our Accountants In Twickenham, Travel Expenses

    Accountancy

    Another Valuable Tip From Our Accountants In Twickenham, Travel Expenses

    Today, another valuable tip from Harnett Accountants in Twickenham. The approved tax free mileage rate for 2011/2012 was 45p per mile for the first 10,000 business miles. However, did you know that this rate only applies per separate employment. So if you worked for Company A and drove for 8,000 miles, and then worked for company B and drove 5,000 miles, all of your miles would be deductible under the 45p approved rate, even though you would have driven more than 10,000 miles in total.

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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

    So if your employers have given you 40p per mile for travel expenses, you are entitled to claim back an extra £650 (5px13000 miles). Come back soon for even more useful tax saving tips and advice.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and 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.
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    Need help with allowable business expenses?
    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.

  • More Tax Saving Tips For Business Owners From Our Expert Accountants In Twickenham

    Accountancy

    More Tax Saving Tips For Business Owners From Our Expert Accountants In Twickenham

    As a business owner, you need to be able to extract funds from your business in the most efficient way. If you extract all available funds each year in the form of a salary, you may be paying more tax than is necessary. Business owners should consider paying themselves, and maybe other shareholders too, in the form of a dividend.

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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

    Other ways to extract funds from your business are bonuses and rent. By getting the right mix of salary, dividends and bonuses, you could make considerable tax savings. Contact our expert team of accountants in Twickenham and we can help you to manage your finances in the most tax efficient way.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and 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.
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    Need help with dividend tax planning?
    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.

  • The Importance Of Working Capital Management, Another Great Tip From Our Expert Accountants In Twickenham

    Accountancy

    The Importance Of Working Capital Management, Another Great Tip From Our Expert Accountants In Twickenham

    Over-trading is one of the leading causes of failure for otherwise strong and profitable businesses, especially in the first five years of trading. Over-trading arises when a business underestimates the amount of working capital it needs to keep trading. If you run a business that works on a credit basis, and your clients and other debtors are slow to repay you, then you may find that you don’t have enough cash available to meet short term capital demands.

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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

    When a business runs out of working capital, creditors such as banks and suppliers can no longer be paid, and the situation can quickly spiral out of control. Given the current financial climate, efficient management of working capital has never been more crucial, particularly for small and medium sized businesses that find it hard to obtain long extensions on their credit agreements, and may not be able to afford expensive credit management services.

    So Pay close attention to your working capital reserves, and make sure that you keep enough cash available to meet all of your short term needs. And just as importantly, look closely at your credit management facility, and make sure that your debtors pay promptly. For more help and advice, please contact our dedicated team of accountants.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and 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.

  • Going Green To Cut Your Taxes, Another Helpful Tip From Our Accountants In Twickenham

    Accountancy

    Going Green To Cut Your Taxes, Another Helpful Tip From Our Accountants In Twickenham

    You may already be aware that you can claim capital allowances on assets purchased such as plant, machinery, and vehicles. This gives you tax relief from the reduction in value of assets by writing off their cost against the taxable income of your business. So, make sure that you claim for capital allowance for any business assets that you purchase.

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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

    However, you may not have been aware that you can also claim extra tax relief on your assets if they are environmentally friendly. You could save even more on your tax bills by buying low CO2 emission cars, and environmentally friendly machinery and equipment for your business.

    To find out more about this fantastic way of cutting your tax bills, contact our expert team of accountants. also offer a free one hour, no-obligation consultation for all clients and 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.

  • Advice To Save On Your Tax Bills From

    Accountancy

    Advice To Save On Your Tax Bills From

    Take a look at this great new video tip from Harnett accountants, designed to help save you money on your tax bills. Today’s tip covers pensions, and how you can get the most out of your pension fund. If you’re looking for accountants richmond, Harnett accountants can give you expert advice to help your business to run in the most tax efficient way possible.

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

    Key Considerations

    For more information, please contact us and we will arrange a one hour no obligation consultation to discuss all of your accounting and financial planning needs. 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 pension and retirement planning?
    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.

  • Today’s Video Tip From Harnett Accountants Hammersmith: Salaries And Dividends

    Accountancy

    Today’s Video Tip From Harnett Accountants Hammersmith: Salaries And Dividends

    If you’re running a business, and you’re concerned about paying salaries (or being paid a salary) in the most tax efficient way possible, take a look at this expert advice from Harnett accountants. If you’re looking for accountants Hammersmith, Harnett accountants can help you to save money on your tax bills and run your business more efficiently.

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

    Key Considerations

    For more information, please contact us and we will arrange a one hour no obligation consultation to discuss all of your accounting and financial planning needs. 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 dividend tax planning?
    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.

  • Is Your Business Ready For The New Rti Payroll System? Another Tip From Our Accountants In Twickenham

    Accountancy

    Is Your Business Ready For The New Rti Payroll System? Another Tip From Our Accountants In Twickenham

    As a business owner, you are probably very familiar with the PAYE system, and the annual procedure of sending your PAYE data to the tax man after each tax year. However, there is a new system coming into practice by October 2013, and it’s called RTI.

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

    Key Considerations

    RTI stands for Real Time Information, and it will replace PAYE as the way of submitting payroll information for your business. RTI data will be submitted online every time the payroll is run. The data submitted must also be clean, meaning that Employee names, dates of birth, and correct national insurance numbers must all be present. It is very important that this data be completely accurate, and corresponding to the data on the Tax Office computer. If it isn’t, the submission may fail, and your business could receive a fine.

    So make sure that you are ready for the new RTI system. Our dedicated team of accountants can help you manage the transition from PAYE to RTI. For more information, please contact us and we will arrange a one hour no obligation consultation to discuss all of your accounting and financial planning needs. 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 payroll management?
    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.