news

Increase in payment on account threshold for income tax self-assessment	11:28 AM, Apr 07 2009
If your tax is normally below £1000 then you will find you do not have to pay tax on account - read on for the years 2009-2010 Read More
Don’t forget to party!	8:41 PM, Feb 19 2008
Don’t forget to party! Even the smallest business can host an annual tax-free social function Read More
Pay employees £5 tax free each time they need to stay away from home overnight.	8:35 PM, Feb 19 2008
Pay employees £5 tax free each time they need to stay away from home overnight. Read More
Act quickly to maximise allowances on new plant or machinery. For purchases made in 2007/08,	8:31 PM, Feb 19 2008
Act quickly to maximise allowances on new plant or machinery. For purchases made in 2007/08, small businesses can claim a 50% capital allowance Read More
Switch to the flat rate VAT scheme for small businesses	8:29 PM, Feb 19 2008
� Switch to the flat rate VAT scheme for small businesses if your business has few costs and overheads, and your turnover is less than £150,000 a year. Read More
Employers’ pension contributions save NICs.	8:24 PM, Feb 19 2008
Employers’ pension contributions save NICs. If your employer pays you salary or bonus which you then invest in your pension, both you and your employer have to pay NICs. But if your employer pays contributions Read More
Get 100% tax relief for converting a flat over retail premises with aseperate entrance	8:16 PM, Feb 19 2008
Get 100% tax relief for converting a flat over retail premises.Many older commercial properties were originally built with residential accommodation on the upper floors, such as a flat over a shop, or the landlord’s living quarters above a pub. Read More
Keep your tenants warm and save tax.	8:13 PM, Feb 19 2008
Keep your tenants warm and save tax. As a landlord, you can claim a special tax allowance of up to £1,500 per property, giving you immediate tax relief for your expenditure on energy saving insulation. Read More
Invest in furnished holiday lettings (FHL).	8:10 PM, Feb 19 2008
Invest in furnished holiday lettings (FHL). They qualify for many tax advantages. A residential property situated anywhere in the UK can qualify as an FHL if it is let to the general public for at least 70 days a year in short periods of up to 31 days. Read More
Self assessment deadline changed	11:26 AM, Feb 12 2008
The chamcellor has brought forward the deadline for filing 2007/08 income tax returns in paper form (self assessment forms) to 31 October 2008. The deadline for Online filing will remain 31 January 2009. Read More