LONDON, August 22, 2013 /PRNewswire/ --
London accountants launch free online information service to help prevent self-employed fall for harsh HMRC penalties
Her Majesty´s Revenue & Customs (HMRC), the Governments non-ministerial powerhouse handed the task of collecting tax from self-employed companies, contractors, landlords and anybody else liable to pay income tax in the UK was recently handed an additional £154m budget to expand their powers. HMRC is not a force to be reckoned with and are quick to dish out hefty fines for even the slightest discretion.
Tax laws and regulations are changing all the time and it is often the case that they are only given a brief mention in the mainstream papers. HMRC do not accept ignorance as an excuse and if you fail to adhere to their new rules, you can expect to receive a fine. For example, if you file your online Self-Assessment tax return after 31 January, or if you do not fill it in correctly, you will receive a penalty fine of at least £100. Recent changes to PAYE regulations are expected to catch thousands of companies out in 2013.
To help account managers of companies and other independent self-employed businesses understand tax rules and prevent fines that can easily be avoided, Taxaccolega, a London-based firm of accountants has invested in an online support system which provides readers with up-to-date changes in tax and accountancy laws together with obscure yet vitally important information every business owner needs to know.
Taxaccolega update their blog service twice a week and hope to attract a large following of readers who benefit from the advice and can offer advice or even contribute to their library of articles. Having established themselves as experts in tax and business model solutions, the team of qualified accountants at Taxaccolega are making a name for themselves as bright, forward thinking professionals. To keep up-to-date with need-to-know tax news visit their website at http://www.taxaccolega.co.uk
SOURCE TAXACCOLEGA LTD