Company directors are often employees but, often, they are not. Their employment status depends entirely on individual circumstances. By default, directors are known as ‘office holders’ (along with company secretaries).
The title of director should only be used when dealing with a company (corporate entity). If you own a business as sole trader, then you should call yourself the owner.
Many companies choose to give their senior employees or long-serving employees the title of “Director” even though they are not registered company directors for the purposes of the Companies Act 2006.
Directors are not just those who are registered as directors at Companies House. They are anyone who acts as a director, whether they are called directors or not. They include directors who have been appointed by […]
There is some confusion between being the owner of a business and being a director. Shareholders and directors hold two very different roles in a company. Shareholders own the company by owning its shares and are […]
If a payment is missed, HMRC will contact you to ask the reason for doing so. Wherever possible, HMRC will restore your payment arrangement or renegotiate your Time to Pay plan. It may also be possible […]
To set up a payment plan you’ll need: • the relevant reference number for the tax you cannot pay, such as your unique tax reference number. • your bank account details. • details of any previous […]
HMRC insist on speaking directly with the taxpayer, even where an agent is authorised. They will request personal details about affordability and other confidential information, such as bank details, which we cannot divulge in any event.
If you cannot pay your tax bill in full, you may be able to set up a payment plan to pay it in instalments. You will not be able to set up a payment plan if […]
TiPS cover need not be taken out, at all, but specific enquiry can be covered as and when required. This will be based on the charge out rate, or a fixed fee quotation can be provided. […]
Where covered by TiPS, with the exception of the excess, Avar will look to the re-insurers to cover their fees at the agreed prevailing charge out rates.
Any Tax Investigation work (whether covered by TiPS or not) will be charged at our current hourly charge out rate from 1 April 2022 @ £350/hour, by work performed by any members of the team.
If you have cover for Sole Trader, you are automatically covered for any Personal Tax investigation. Personal Tax cover is only meant for those individuals who are not self-employed.
There are several ways that governments and central banks can try to bring down inflation: It’s important to note that these measures can also have unintended consequences, such as slowing down economic growth or increasing unemployment. […]
Inflation is an increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; […]
To subscribe to our service, payment for the amount due should be sent as stated on the accompanying letter/response slip. If you need any more information, we can provide this by email or post.
PFP are specialist providers of Tax Enquiry Insurance. They pioneered fee protection in the UK over 30 years ago. They have protected over 600,000 different businesses and individuals. They are committed to working in conjunction with […]
Once you join the service, you will be protected against our fees relating to enquiries raised into previous years, even if we did not prepare the return. Exclusions to this would include any fees incurred by […]
Protection is only available from the date the subscription payment is received. If an enquiry letter is received from HMRC prior to receipt of payment, our fees will not be settled under the service.
The cover offered by these types of protection is often not as wide ranging as the service we offer. Such policies are not likely to pay our fees to look after you and may instead bring […]
Like any other protection to meet an unexpected cost, everyone hopes that they do not need it but when a costly enquiry starts, clients are glad that they have paid the small annual charge.
If the company has employees and/or is VAT registered, there are still advantages of joining the service before the first corporation tax return is filed, for example, in the event of a PAYE or VAT enquiry.
Providing the business has subscribed, and we are engaged to prepare the personal tax return for the director/partner, they will automatically be included within the service at no extra cost.
A business subscription will automatically provide personal tax protection for the partners, directors, company secretary and their spouses providing we also prepare their tax returns. A sole trade supplement may be required where you have additional […]
Most tax enquiries are generated by computer ‘risk profiling’ and many are selected completely at random. As a result, anyone can be picked for investigation, even if you have done nothing wrong.
It is a Service set up by us and is backed by an insurance policy we have taken out in our own name with Professional Fee Protection (PFP) and protects our clients who suffer a tax […]
Both the uk government and the World Health Organisation has set up Whatsapp services. For more information including the numbers you need to use the services, click here
A support Package for the self-employed has been announced by the Chancelor Rishi Sunak Read here for more information on this package and how it may help you.
The Government are offering a one-off grant of £10,000 to eligible business if: your business is based in England you are a small business and are already qualify for the small business rate relief (SBRR), Rural […]
Every worker who is self-isolating is entitled to SSP. This depends on earnings meeting the minimum level requirements to be entitled. For companies with fewer than 250 staff, the government will refunf SSP for the first […]
You are able to obtain a digital sick note to pass on to your employers if you suspect you have Coronavirus or have reason to self-isolate. For the first seven days of sickness, most workplaces allow […]
The Government has introduced financial support packages to assist businesses in these troubling times See a list of them here You may be eligible for a Business Interruption Loa Staff can be Furloughed, meaning that they […]
The Government has said people should work from home where possible. You can setup systems to enable employees to work from gome and there are many collaboration softwares available to ensure teams are working together. Where […]