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I rent out a property – what is the difference between repairs that can and cannot be claimed in my Tax Return?
This is a common difficulty when calculating net rental property income and you should really seek advice. It depends on what the expenses were and when they were incurred. You can claim for maintenance and repairs/renewals. Repairing or replacing should be...
read moreWhat expenses can I claim through my Company on top of mileage while I’m working away?
Generally, if you stay away overnight, you can claim for the actual costs of the accommodation and a meal on top of your mileage. You can also claim Incidental Overnight Expenses, (receipts not needed) these are not necessarily business expenses but items such as...
read moreHow to delay being VAT registered
VAT registration is a problem for small businesses who sell to the general public. When annual turnover exceeds £85,000, they must register for VAT and pay 1/6th of gross sales to HMRC. However, you can avoid/delay registration: Restrict annual turnover to less than...
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If you are a small business or a Contractor – we are here for you. We will help you through all stages from setting up to reviewing your existing business – making sure that you have the most tax effective structure.
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