Several months ago I wrote a blog about the Marriage Allowance transfer ability – where one person can transfer £1060 of their personal allowance to their spouse. You were able to sign up for it via the HMRC website which made it a permanent election until revoked. As accountants,
Bursary, Scholarship & Prize Money for Musicians & Performers This is a topic that I have been asked about this year on my tour round music & drama colleges, so I thought it would seem appropriate to jot down a few lines. At some stage in your musical
Oh – such a fun topic this is – I am sure you will be riveted to your computer screen. Flat Rate Using the standard rate scheme, you need to record the vat on every purchase and every sale that is made in the business. However, a flat rate
Back in April 2013, the government withdrew the allowance for renewals of furnishings in rental properties, so only the 10% wear & tear allowance was available for furnished property rentals. The summer budget of 2015, the government announced that from April 2016, the 10% wear & tear allowance was being
VAT – An Overview What is VAT? VAT is an amount charged on most goods and services that are purchased in the UK and equivalent in Europe. A business registered for VAT will charge it on to other business and consumers in the UK. The good thing is that VAT
Let’s set the scene. You have children under 16 and they take time away from your business day with having to keep them “entertained/occupied” and dealing with their day to day needs. The time you spend with them means less time working which helps with the care of your children.
This subject seems to be one that many clients ask. Self-employed people mainly base their work place at home although work may take place at customer locations. This can be many trades & professions from plumbers, accountants, chiropractors, computer technicians etc. It also covers freelance musicians, actors and other performers.
This is the second post in a series of VAT related blog posts. I do pick the most interesting of subjects. It is all to do with postage. Most accountants and bookkeepers will tell you that postage is exempt from VAT – and that is perfectly true. The basic
Oh my – this topic could go on and on and on, but I am going to restrict myself to five. Management write the processes and procedures. I guess they “have the time” to do it, and they know what they want the final document to look like, but do
It does not matter whether you are paid £205,000 or £5,000 a year, we all need to budget. Managing your money is an important skill in life as for some people it can be a question or food or heat one week, where as for others it the choice of
The spreadsheet has been built for the self employed performer to be able to capture their costs in an ordered fashion which will make it easier to complete the page in the self assessment tax return.
