VAT Basics: Part 1

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Everyone has probably heard about VAT but it is perhaps not something that everyone will have an understanding of how it functions. In the first of this three-part series on VAT, I talk about the basics of what it is and who pays it. What is it? VAT stands for Value Added Tax. It is applied to sales of all … Read More

NEW WEBSITE!!

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Hello everyone.  Exciting times!  We have a new website here at Anderson Accounts Ltd.  Thank you to all at Online Marketing Kent for their work (onlinemarketingkent.co.uk).  Now, onwards and upwards!  Stay tune for more useful accounting info and news from us.

When You Don’t Need A Tax Return

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Last month I wrote about tax returns giving examples of who might need to complete a tax return. This month I’m going to talk about when you might not need to complete a tax return. HMRC have been trying to encourage small traders to register as businesses and have requested powers to help them enforce this. They have been particularly interested … Read More

Do I Need A Tax Return?

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The UK tax year ended last month and HMRC may have contacted you to request that you complete a self-assessment tax return. Anderson Accounts can help you complete your return. Don’t hesitate to contact us to find out more or to get a quote. Even if you haven’t been contacted by HMRC, you may still need to complete an annual tax return. … Read More