Tax system Archives - Optimal Compliance

Additional information for your tax return – do any of these apply to you?

This information is for OC clients, if you are not an OC client but would like specific information regarding your personal tax situation, please contact us via the contact page. (All information for your tax return is for the period from 6 April 2017 to 5 April 2018) If you think your tax situation could be […]

Advice

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Catherine

Modern Businesses need Modern Support

A new approach to supporting modern businesses with people and IP at the core. Over the next few years we are going to completely change the way that professional services are delivered. We have a passion for technology and for making people’s lives easier. We hate red tape and bureaucracy and the stifling effect that it […]

News

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Catherine

RTI is causing ‘real time’ payroll problems – how about some ‘real time’ acceptance of responsibility from HMRC?

The Revenue’s Technological Ineptitude is why your payroll numbers don’t tally with theirs all of a sudden. RTI is the biggest overhaul to payroll legislation since 1944. It was introduced a year ago and we are told by HMRC that ‘everything is working well’, so why is it that thousands of businesses are experiencing problems […]

Opinion

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Catherine

Complain to HMRC

Incorrect liabilities on HMRC employer PAYE accounts are an increasingly common problem, and many of these cannot be solved by software suppliers. It’s time we all complained and sent HMRC invoices for all of our wasted time. Some of these have arisen because RTI returns or other notifications or payments to HMRC have not been […]

Advice

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Catherine

I can’t pay my tax – will HMRC close my business down?

The answer is – yes, quite possibly. HMRC do not care about your business HMRC has no interest in your business, or you, or your team members. It’s a horrible fact but it is true. HMRC are there to collect your money, plain and simple. It’s not the fault of the folks who work there. It’s the […]

Opinion

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Catherine

Why your business structure is like a wireless radio

You’re a business owner. You run your own business. You have a team of people that work with you. You all have smart phones and laptops, you have a superfast internet connection. You shop online, you use GPS regularly, you Skype with colleagues and friends in far flung parts of the world, you interact with […]

Opinion

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Catherine

How to spend a trillion pounds and have nothing to show for it…

According to Management Consultant to the Public Sector, Neil Glass AKA David Craig, in the years between 1997 and 2007 Labour managed to spend approximately £1.3 trillion (a little over a trillion, taking inflation into account). A trillion is a number that we, as a nation, have been forced to become depressingly familiar with, in […]

Opinion

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Catherine

Tax fairness and freedom. Who is paying their fair share?

Tax doesn’t need to be taxing. That’s how the advertising slogan goes. And if you’re Barclays Bank or one of the other multi-billion pound corporations that merrily pays nothing (or next to nothing), it’s true. On the other hand, if you’re a small business owner, freelancer, or good old fashioned wage slave, tax isn’t just […]

Opinion

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David

Tax evasion? Tax avoidance? Who holds the moral high ground?

We are told that aggressive tax avoidance is “morally repugnant” We’re also told that many of these schemes are legal. In fact, they’re not. But tax law is so complicated, so arcane, so twisted, it’s easy to bend the truth. Because the real aim of the tax system is to transfer wealth to the wealthy, […]

Opinion

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David