Accountancy News - Morris Palmer Limited

Medical Professionals - Tax Health Plan (THP)

HMRC have announced that they intend to look into payments made by NHS trusts, private hospitals and medical insurers to medical professionals and other medical staff, to identify payments that have not been declared for tax.

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Dying to write a will

It’s been well noted in the media that some celebrities, such as Barry White, have died without leaving a will, causing a flurry of legal battles between friends and family members. Peter Ricketts, at West Sussex based Chartered Accountants Morris Palmer, explains the importance of making a will, and the implications that can be caused by not having one at all.

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Wealth Planning

West Sussex based Accountants, Morris Palmer, have been helping their clients to maximise the opportunities that exist in planning their tax affairs. In this article, Martin Carter, principal at Morris Palmer, looks at the tax issues that surround the family home and in particular the Gift with Reservation (GWR) rules.

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Husband and Wife Businesses face large tax bills as the Inland Revenue drive to enforce settlement legislation

Martin Carter, principal at West Sussex Accountancy firm, Morris Palmer, warns husband and wife business owners to watch out for new Inland Revenue drive to enforce Section 660a.

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How to get paid on time

Martin Carter, at Morris Palmer provides advice on how to implement a good credit policy for ensuring that you get paid on time and explains how to deal with excuses for late payment.

Few companies can hope to trade today without offering some kind of credit to their customers. There are always risks in effectively lending money; one is the risk of bad debt and the other is late payment or the "slow payer" which can have a detrimental effect on your company’s cash flow.

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Ten Step Guide to Dealing with Financial Problems

If your cash flow forecast reveals an impending financial problem or your creditors are banging on your door, what should you do?

Running a business can be stressful at the best of times. But what happens when your business takes a turn for the worst. Mounting debts, agitated creditors and even the threat of court proceedings can leave you feeling out of control and isolated.

If you take action you can help yourself – If you don’t you’ll never be in control of the situation and put yourself at risk of being completely at the mercy of your creditors. These ten tips will help you to start taking control.

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