Bookkeeping, Accountancy and Taxation services
The replacement of domestic items relief has been in place since April 2016. The relief allows landlords to claim tax relief when they replace movable furniture, furnishings, household appliances and kitchenware in a rental property. The allowance is … Continue reading Property landlords – replacement of domestic items relief
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions are also deductible for the employer-provided incurred wholly … Continue reading Pension Contributions Are Tax Efficient For Employers & Employees
At first sight, company cars drivers whose private fuel costs are met by their employers may seem to be onto a good thing, but there is a nasty tax hit… Enter, the Car Fuel Benefit charge When the current tax year ends, 5 April 2021, the … Continue reading Do You Drive A Company Car? You Could Be Liable For The Car Fuel Benefit Charge
Business Development is often misunderstood. Some might say that it’s all about relationships, another will say it’s all about sales and others will talk about marketing. They are all right, in a way. It is the creation of long-term value for a firm, … Continue reading Time To Reinvigorate Your Business Development
Monthly Repeated Dates 19th of each month. Construction Industry Scheme (CIS) deadlines monthly returns Monthly payment of PAYE/Class 1 NICs if by non-electronic methods 22nd of each month. Online payments – the (or the 19th for … Continue reading Important Dates
Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of … Continue reading Updated Advisory Fuel Rates
22 November 2019 Testimonial for Emily Gillingham at Avanti Tax Accountants I have been using the services of Avanti Tax Accountants for nearly two years and whilst I have always been very well looked after, Emily has been a wonderful … Continue reading Testimonial
Making Tax Digital Is Live Making Tax Digital (MTD) is live for VAT and has been since 1st April, and yet here we are 4 months on with business owners still struggling to comply, whether it's filing or making payments, only today business owners … Continue reading Are You Struggling with HMRC’s Making Tax Digital?
A client purchased a car for use in her business, which the dealer said was a qualifying car. My client took this to mean that she can recover the VAT but I disagree. Obviously, my view has not gone down well with the client, but am … Continue reading Vat Question Of The Week – Qualifying Cars
Q: My client originally subscribed for 50,000 £1 shares when he set up his company. He now feels that the company is over capitalised and would like to return some of the share capital back to himself. He wonders whether the company could enter … Continue reading Tax Question Of The Week – Share Reduction
