Be part of your own Accident Management Solution
As an owner operator you have a vested interest in how the accident management provision works for your company.
Nationwide Assist have created a unique scheme where you directly share in the revenue generated by your drivers.
We offer: • A plated replacement vehicle valeted and delivered • Recovery of customer’s vehicle from the accident • Repairs arranged at a garage of your choice • Assist with the uninsured loss recovery • Secure storage of customer’s damaged vehicle • 100% compensation for injury claims • Very generous commission structure
and much much more
TAXING
MATTERS WARNING
HMRC KEEPING A WATCHFUL EYE ON YOUR TAX RETURN
One thing is for sure, get your tax return (Self Assessment) right as best you can, but be aware of HMRC improved software to marry up all sorts of information. In the past there was only a manual comparison of information, which was then very much hit and miss, along with being labour intensive, despite the information being in a computer format. What HMRC have now produced is intelligent software, to allow the inte- gration and subsequent risk analysis to help them pick up on returns that have been incorrectly completed. The process literally flags up errors to be reviewed. This then allows them a risk opportunity to enquire into the return.
NEWLY SELF EMPLOYED
Benefits for both operators and drivers
As a driver when you are involved in a road traffic accident that wasn’t your fault it is vital that you get back on the road as soon as possible.
Once informed Nationwide Assist will: • Provide you with a like for like replacement vehicle • Commence repairs as a matter of urgency • Appoint an approved solicitor for personal injury claims • Ensure you don’t have to pay any excess • Ensure your no claims bonus remains intact
Managing your every need
Nationwide Assist 0800 4101 999
NA (Nationwide Assist) is a trading style of CAMS (Central Accident Management Services) who are an ABI 1st Tier subscriber to the Association of British Insurers (ABI). CAMS is also authorised and regu- lated by the FSA and approved for claims management activities by the Ministry of Justice.
For those who have just started, or have done during 2012-13, and who may not yet have completed their return, make sure that income from pre- vious employment(s) has been included. Most people should by law have received a P60 from previous employers by 19 May 2013, showing any pay and tax. Don’t forget, if you have made a mistake, you can voluntarily amend your return, if within HMRC time limits. It is important for those who have had more than one employment to make sure their last employer has used previous pay and tax details in the year, as we have experienced instances where the new employer has not taken this into account. It seems very harsh, as to the employee they have done noth- ing wrong, but HMRC do not always see it that way, expecting the employee to have checked this through. In cases such as this, we have been success- ful in requesting that the penalty be waived. However what has happened is, it is too late to then avoid HMRC having already taken the opportunity to look at the Self Employed profits. The same applies where the following common sources of income have been missed: • Pension payment: Private and state • Annuities • Part time PAYE income Note: especially as so much onus is put on employers these days to iden- tify employees immediately via the Real Time Information that from April 2013 is now mandatory. • Bank interest • Dividends Making sure your self assessment return has no missed entries goes a long way towards reducing the risk of an HMRC intervention (or tax enquiry as more commonly known.)
HIDDEN ECONOMY
This subject has been referred to in previous articles: as warned, HMRC are now sending out letters to those who have now been identified as tax ghosts.
NAME AND SHAME
A new approach by HMRC is to publish the names of tax defaulters. If you look at the HMRC website and view the factsheet CC/FS13, this details the actions they may take on deliberate defaulters, and how you may be able to mitigate any penalties:
http://search.hmrc.gov.uk/kb5/hmrc/hmrc/results.page?qt=cc%2FFS13‘ We are in the process of dealing with HMRC for clients who have asked us to act on their behalf, following receipt of letters from Hidden Economy HMRC teams throughout the UK. We have immediately contacted HMRC and now have taken over the han- dling of their affairs, taking the pressure off the client, using our expertise in dealing with all matters in an expedient way. Once the enquiries have been concluded, we will summarise in an article how we have been able to assist our clients, based on true working cases.
Paul Taylor, PBT Tax Solutions Creator of Taximanager driver accounts APP £79 inclusive of Self Assessment return, or £99 total accountancy fee for owner driver accounts and Self Assessment return Visit
www.taximanager.co.uk or
pbttaxsolutions@gmail.com telephone 07837 385557 or 01663 734099 for free consultation
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80
