Issue 19 - April 2012 (PDF) - Chipping Norton Times

42
Investing about £10,000 on Installing Solar Electricity on your property can
generate an additional income for you of over £1,000 a year, index linked,
for the next 25 years!
That’s an equivalent savings investment return of 10%
Or
Goodbye to all or large part of your electric and or gas bill.
How much interest return are you currently getting on your savings and investments?
What would an additional £1,000 annual income do to your electric or gas bill?
I provide information and a friendly approach with NO sales pressure
Carl Reynolds t/f: 01933 880194 m: 07968 231145
e: carl@maintenancemanservices.co.uk
Need Help With
Your Tax Return?
Contact
Robb Eden
for:
Accounts Preparation & Analysis
PAYE & Book-keeping
Vat Returns
Personal Tax
Sage Training
Business Tax
More than just accounts - a personal service
tailored to your needs. We will work with you
to get the best from your business.
01608 651802
robbeden@aol.com
A division of MMS(Oxfordshire)Ltd
Writing copy for the April edition is always difficult as I have to write prior to the Budget &
therefore it is foolhardy to try to comment on something that hasn’t happened. What I can
comment on is the farce that surrounded the Harry Redknapp affair. Unlike the very lucky man
in question, most people don’t have the resources to take on HMRC therefore it is important
that you declare all income, including any offshore accounts, especially those with pet names!
It must be very disconcerting for HMRC to come away from what looked to be an open & shut
case with egg on their face. The whole affair has sent out the wrong signals but perhaps it
gives Parliament & HMRC an opportunity to review the whole tax system. Why are so many
people trying to avoid paying tax? The answer’s simple – because our tax rates are punitive &
do little to encourage people to contribute.
It seems only yesterday that the last of the 2010/11 Tax Returns were filed in January but here
we are on the cusp of another tax year. If you’ve received a notice to file a Tax Return for
2011/12 it’s a good idea to strike while the irons hot by getting your paperwork in order as
soon as possible. If your affairs are not too complex then you could consider filing the Return
yourself. It’s very straightforward & there’s lots of online help available or, if you get stuck, you
can talk to an HMRC adviser on the phone. Filling in your tax return can be a daunting task
but if you organise your paperwork carefully & follow the guidance notes it shouldn’t take you
long. However, if you have several income streams or your affairs are more complex than
normal I would advise talking to an accountant. It’s better to be prepared – too many people
leave it to the last minute, bringing about the possibility of a penalty or interest payable on tax
due.
If you have any doubt about filing your Tax Return or if you’re an employer having problems
with year-end paperwork, don’t hesitate in contacting your accountant or you can contact me
by phone or e-mail for free, impartial advice.
Robb Eden is based in Moreton-in-Marsh. He can be contacted via e-mail at
robbeden@aol.com or by telephone 01608 651802.