The deadline for submitting your 2013/14 self assessment is 31st January so you don’t have long to get everything ready, submitted and tax paid. If you fail to meet the deadline that you will be fined £100 and this
VAT – A quick guide to VAT calculations
The UK tax system is pretty complicated and VAT in particular causes many headaches for small businesses. Here’s a summary of the key aspects to help you determine whether you should be VAT registered and ensure you are on the best scheme
Wear and Tear Allowance – Property Rental
If you rent out a property there are many allowances you can claim to reduce your tax bill, one of these is wear and tear allowance. Wear and Tear allowance is available if you let a property furnished. You can’t
Auto enrolment pensions for small businesses
Auto enrolment is the biggest shake-up of pensions for a generation, resulting in millions of workers being enrolled into saving money for their retirement for the first time. Despite the high profile publicity, many small business owners are still unsure
Self Employed Expenses – Simplified
All self employed people need to keep records of their income and expenses and HMRC have made it that bit easier by allowing you to use simplified expenses. So what expenses can I claim if I am self employed? Along
Classic Landlord Mistakes
Many people think that investing in property and becoming a landlord is sure fire easy way to make a profit and retain a valuable investment ready for when you hit retirement. It sounds so simple and sometimes is but as
Do I need to complete a tax return?
You are required to submit a tax return if HMRC have issued you with a notice to complete a return; or Your tax liability on the income you have received in the year is more than the tax that has