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Running a small business often requires the owner/manager to wear many hats, so it’s clear to see how easy it can be to get lost in tax, accounts and serious consequence.
Tax reporting can be very difficult and, if not done correctly, could end up with serious implications in the form of tax penalties.
It can come as quite a shock…
Understated, Overstated, can’t someone just explain it!?
You may find yourself coming across the terms Understated and Overstated on a regular basis when dealing with tax returns but what exactly does it mean?
Well to break it down in the simplest of terms, If a company’s true account payable (an obligation to a supplier or vendor for goods or services that…
The festive spirit is far from in the air at Bolton Wanderers FC this December after the club was served with a winding-up petition from HMRC over an upaid tax bill.
At the end of last month, we reported on the current financial crisis at Bolton on our Corporate Recovery website, curating the latest speculation to determine whether the…
Following the news last week that Glasgow-based Rangers FC were judged to have broken tax rules after two failed appeals by HMRC, Financial Saviour decided to take a look at exactly how the case evolved.
The “big tax case”, as it had become known, was first brought to public knowledge in 2010 when it was revealed that Rangers’ use…
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