The 12 Tax Tips of Christmas – Tax Tip 12

The 12 Tax Tips of Christmas – Tax Tip 12

…. get yourself a Christmas present. …. A really great accountant, S4B! The best thing you can do to save yourself paying unnecessary tax is to get a good accountant. We could save you more in tax than we charge, so we pay for ourselves. Merry Christmas from the S4B...
The 12 Tax Tips of Christmas – Tax Tip 11

The 12 Tax Tips of Christmas – Tax Tip 11

…. pay money into your pension. Paying into a pension means money qualifies for income tax relief. For a basic tax-rate payer this means that for every 80p you pay into your pension, the government pays in 20p. If you are a higher rate taxpayer the saving is even...
The 12 Tax Tips of Christmas – Tax Tip 10

The 12 Tax Tips of Christmas – Tax Tip 10

…. get organised. In need of a new year’s resolution? Make sure you keep complete and accurate business records. As well as recording your mileage, the S4B App allows you to track your expense receipts, record income and access your online Sage cloud accounting. Good...
The 12 Tax Tips of Christmas – Tax Tip 9

The 12 Tax Tips of Christmas – Tax Tip 9

…. claim your household costs. If you work from home, you can claim allowable expenses using a flat rate based on the hours you work from home each month. This means you don’t have to work out the portion of personal and business use for your home (e.g. how much of...
The 12 Tax Tips of Christmas – Tax Tip 8

The 12 Tax Tips of Christmas – Tax Tip 8

…. start a petrol patrol. Are you claiming fuel in the best way? It is usually better to claim 45p per mile rather than the actual cost. You could save thousands of pounds a year with this. On the free S4B App you can easily track and log all your journeys, either by...
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