Geoffrey Cole & Co - Accountants In Reading

Payroll crook told to pay back taxman

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

HMRC on Whitehall

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> A TAX CHEAT who stole over £1m from his employees' wages has been instructed to repay criminal profits back or face a further six years in prison. Kenneth Crookes, owner of Reading Office Furniture, was arrested for the fraudulent evasion of income tax in February 2014. He deducted income tax and NICs from his employees, but failed to hand over the cash to HMRC and ignored all contact from them, later... <!-- end-content -->














Jail for takeaway owner who cooked his books

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

chips frying

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> A LEICESTERSHIRE restaurant owner has been handed a 28-month jail sentence after failing to declare £165,000 in tax. A HMRC investigation found that Ozcan Donmez of Braunstone, Leicestershire, hid his wages from working at his Superfry takeaway shop and failed to declare income on two rental properties to his accountant between 2007 and 2014, evading £137,322.50 in income tax. Donmez also suppressed weekly takings at the takeaway from £100 to £50... <!-- end-content -->














HMRC rakes in £1.6bn from sin taxes

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

A pile of cigarettes

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> HM REVENUE & CUSTOMS has strengthened its crackdown on illicit cigarette and alcohol trading, with its investigations generating £1.63bn in extra tax this year, an accountancy group has found. Figures given by HMRC to UHY Hacker Young show that the taxman's investigations into sin taxes are up 6% on the year ending March 2015. The cigarette and alcohol black market has seen an uptake in trade following the increase in investigations and... <!-- end-content -->














Friday Afternoon Live: Budget 2016 reaction and analysis

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

George Osborne delivers budget in 2014

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content -->   For more on the Budget 2016, see our live blog complete with analysis and statistics here. <!-- end-content -->














Accountancy body and Big Four launch tax apprenticeship programme

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

ACCA

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> ACCOUNTANCY BODY ACCA has joined forces with KPMG, PwC, EY, Deloitte and a range of large and small employers to develop a new apprenticeship standard for the audit, accountancy and tax professions. The professional Accountancy/Tax Technician Standard allows school leavers to qualify with a higher apprenticeship under the government's ‘Trailblazer' initiative. The employers involved in developing the standard involve KPMG, PwC, EY and Deloitte. Together, these organisations already offer a variety... <!-- end-content -->














SFP sells restructured recruitment outfit with no job losses

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

Commuters

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> THE SUCCESFUL sale of a distressed recruitment firm following the restructuring, marketing and advertising of the business led to a deal that saved all 25 jobs. Insolvency practitioners SFP sold the business and assets of recruitment consultancy Keene and Lord Limited, after it got into difficulties over a number of bad debts and cash flow issues that led to the appointment of the IP. Established in 2011, Keene and Lord grew quickly and... <!-- end-content -->














Bolton settle unpaid tax bill with HMRC

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

Football tactics

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> BOLTON WANDERERS FC has confirmed it has settled and unpaid £2.2m tax bill with HM Revenue & Customs. The Sky Bet Championship's bottom club released a statement confirming it expects the winding-up petition against it to be lifted in the High Court on Monday after finally completing the payment. The Trotters, who recently announced it had sold its training ground to Wigan Athletic in a bid to service its debts, announced... <!-- end-content -->














Accountants worry that advice they give goes beyond skillset

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

inheritance

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> ACCOUNTANTS are becoming increasingly worried about exceeding their professional expertise due to the growing demand for personal financial advice, new research has found. Just over a third (36%) of practitioners have experienced a spike in demand for personal finance advice in the past 12 months, with inheritance planning one of the most requested topics from clients, lending adviser Bower Private Clients has discovered. The firm conducted a survey with 105 accountants and found... <!-- end-content -->














MEPs quiz execs from Google, Apple, McDonalds and Ikea over taxes

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

google-hq-ny

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> EXECUTIVES representing some of the world's largest companies defended their firm's tax positions in Brussels as tax authorities continue their pursuit against corporation tax avoiders. At a European Parliament hearing on Tuesday, executives from Google, Apple, McDonalds and Ikea discussed their tax practices with MEPs. Cathy Kearney, Apple vice president for operations, who is based in Cork, vehemently defended the Silicon Valley firm's tax practices. "We've paid every cent of tax... <!-- end-content -->














Budget 2016: Bittersweet budget paves the way for sugar tax

<!-- link --> Accountancy Age <!-- end-link -->

<!--- Start Artilce title image -->

sugar-pile-web

<!-- End Article Title Image>

<!-- subheading --> <!-- end-subheading --> <!-- content --> GEORGE OSBORNE has bowed to pressure from the World Health Organisation by introducing a levy on sugary drinks from 2018. The chancellor used the budget to tackle the UK's growing childhood obesity crisis by declaring that from April 2018, soft drinks companies will pay a levy on drinks with added sugar. Osborne failed to specify how much the levy would be. "The levy will be designed to encourage companies to reformulate by... <!-- end-content -->














Geoffrey Cole & Co - Accountants In Reading

Geoffrey Cole & Co - Accountants In Reading

A safe on-line confidential facility where clients may store copies of their accounts, insurance policies and any important documents

Geoffrey Cole & Co - Accountants In ReadingGeoffrey Cole & Co Ltd is a member firm of the Institute of Chartered Accountants in England and Wales and is registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.