If you use standard VAT accounting – pay VAT on sales when invoiced and claim back VAT on purchases when invoiced – you may have availed yourself of the six months claim for bad debt relief on unpaid…
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Sep 05, 2017
If you use standard VAT accounting – pay VAT on sales when invoiced and claim back VAT on purchases when invoiced – you may have availed yourself of the six months claim for bad debt relief on unpaid…
Sep 05, 2017
If your employment requires that you obtain and maintain membership of a professional organisation, you can make a claim to set the cost against your taxable earnings for income tax purposes. As you…
Sep 05, 2017
If you are a client, and registered to submit a Self Assessment tax return, we can provide you with a statement that you can use as evidence of earnings for mortgage purposes.
If you are not…
Sep 05, 2017
1 September 2017 - Due date for Corporation Tax due for the year ended 30 November 2016.
19 September 2017 - PAYE and NIC deductions due for month ended 5 September 2017. (If you pay your tax…
Aug 31, 2017
We are often asked by self-employed clients to explain why their tax bills are high in proportion to the amount they withdraw from their business as “wages”.
In truth, the self-employed do not…
Aug 30, 2017
The government has proposed a wide-ranging ban to prevent pension scams. The consultation listed the sorts of phone conversations that the government intends to fall within the scope of the ban. These…
Aug 23, 2017
This is a question we are regularly asked by clients. Usually, the conversation is triggered when we discuss the end of year accounts.
Before we explain why profits are not always represented…
Aug 22, 2017
On the face of it, the rent-a-room relief is straight forward: if your gross rents from letting are not more than £7,500 in the current tax year, there is nothing you need to do, this income is free…
Aug 16, 2017
Whilst it is possible to involve your children in your business, this is a strategy that should be approached with caution.
Giving shares in your company to minor children is perfectly possible,…
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