Ship Shape Accounting

HM Revenue & Customs are more determined than ever to increase the tax yield from tax payers. Any individual contracting through their own limited company must consider whether they could be caught by intermediaries. Any clients using Ship Shape Accounting and taking our fee protection and contract review service. Since 2013 it has been a legal req... uirement to submit PAYE information to HMRC in real time. To process a visa application the UK Border Agency may require a signed letter from a certified accountant. If you wish to register for VAT (including flat rate VAT) we can do this and prepare the regular returns for only £10 per month.Flat rate VAT can simplify VAT administration and yield a cash surplus. Below the flat rate threshold, you charge your clients the standard rate of 20% VAT but are only required to make a return to HMRC at the flat rate value, which varies according to industry, but is around 14% on average. You get to keep the difference! Why do you need protection from HMRC? HM Revenue & Customs are more determined than ever to increase the tax yield from tax payers. So, with the increasingly complex tax environment and HMRC's more sophisticated methods of checking for non-compliance, it's essential that you are able to defend yourself in a tax investigation.Ship Shape Accounting has teamed up with tax specialists CCH to provide the Premier Protection service, a low cost comprehensive protection from the potentially large professional fees involved in an investigation (even where the Contractor is found to owe HMRC nothing) and even indemnity from HMRC IR35 fines should the worst happen. Claims through this popular service increased by 10% last year. The Premier Protection Service has been especially created to deal with HMRC's new powers and protect you against the unexpected costs of an investigation. Furthermore, if we become involved from the start of any investigation you are far more likely to escape paying extra tax or penalties. The service covers: The Premier Protection service will ...Read More