Now for most people this is no different to what they normally do and if you are a PAYE only employee or self-employed, then this won’t be relevant to you now. BUT, if you are a Company Director/Shareholder (or plan to be), then this will affect you. Dividend Tax
Are you aware of the view change ? OK – so this is not the most exciting topic ever, but one to know about. Your business must be registered for VAT when your rolling 12 month turnover reaches £82,000 although you should register if you believe your rolling 12 month turnover
Getting the Processes Together Over the Christmas period, I was playing “catch up” on the previous four weeks of Masterchef Australia as I love the format they have there, and the banter that comes with the judges. One of the challenges was trying to blend some obscure flavours together that
[countdown] It’s that time of year when the tax adverts are shown more often on the TV exclaiming that “tax does not have to be taxing”. For most people though, it is, especially if you have not been organised during the year and are now racking your brains trying to
Do you get the sinking feeling that you need to go through your accounts for the previous tax year and work out what expenses & benefits you have paid/given your staff or yourself? You heart sinks and you wish you’d sorted out that dispensation during the year as you were recommended.
URGG – Accounts & Tax Most small businesses who fail within the first year do so because they have struggled to understand the financial basics. The end result within your business journey can seem so far away and can make you feel like you are walking though miles of mud
Marriage Allowance The start of the new tax year always brings out and increase in personal allowance, and this year is no exception. A £600 increase is not to be sniffed at. But – there is more good news. If you are married or in a civil partnership, born after
Reasonable estimates Use an Accountant or Use Estimates in the Return This is the last one of the series, and it is the simplest. Self assessment tax returns were devised to be straight forward to complete so theoretically anybody can do them. However, for some, any kind of form or
Mileage Claim for the Employed & Self Employed Should you travel in your own car for your business or for your employers business, you would normally claim a mileage allowance (other systems are allowed for the self-employed). The HMRC approved allowance is 45p a mile (a change of rate of
Capital allowance for horseboxes This one is straight from the horses mouth ! Following from Day 9 in talking about the annual investment allowance, HMRC have been looking into the capital allowance claims for horseboxes. They are using classified and small ads to look, not only for prices, but also
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.
