Articles
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 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
…. 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...
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...
The 12 Tax Tips of Christmas – Tax Tip 7
th day of Christmas my accountant said to me…. ditch your sleigh and get a van! Company cars can be costly. If your business allows, drive a van or a pick up (which are classed as vans) as they are 100% tax deductible. S4B are...
The 12 Tax Tips of Christmas – Tax Tip 6
…. be a sneaky Santa Do you give gifts to your clients at Christmas? Use this as an advertising opportunity and make a tax deduction! Remember that you cannot claim a deduction if the gifts to clients are food, drink, tobacco or gift tokens. To...
Decrease the Chances of Your Start-up Failing
In the UK over 50% of Start-ups fail and many of these are for avoidable reasons. It has become cheap to start a company and relatively easy to raise capital. Many Start-ups have become lazy and not planned effectively. To reduce the chance of your...
The 12 Tax Tips of Christmas – Tax Tip 5
…. make it a family affair. Are you stuck for a Christmas present for a family member? Do they help out in your business? Why not make them part of your company and use up their tax-free allowance that may otherwise be wasted (they can...
Personal Tax Checklist 2019
With the personal tax year end fast approaching we have produced our top 25 tax tips to help minimise your tax bill for now and future years.Please click on the link below to access the tax checklist ; PERSONAL TAX CHECKLIST 2019 We hope this...
The 12 Tax Tips of Christmas – Tax Tip 4
…. incorporate. The tax rates being what they are now, no matter how much you’re earning, it’s more tax efficient being a limited company (as opposed to Sole Trader/Partnership). You can save lots of tax by paying yourself with a mixture of dividends and salary....