My partner has an electrical business and has recently got a self employed electrician who is working for him. We pay him and take off 20% tax which we then pay to the Tax office for him. We did have...
I am currently unemployed but am in the process of becoming a sole trader in the next couple of months. If I was to buy a vehicle now, before i am a sole trader, would I be able to sell it to the...
My annual turnover is less than a Grand for crying out loud! Which is fine, with the books balanced I'm in the black, however filling out my self assessment for is proving a bit of nightmare, but only...
Hello, I'm studying AAT lv4 and I am fascinated with tax! The Barlow, Take That evasion is all over the headlines and "sideways tax relief" keeps being thrown around. Could someone please give me a...
A mobile chiropodist (not VAT registered) drives a big 4x4. She is going to get a smaller, more economical car and sell the 4x4. Can she claim anything back from the purchase of the smaller car? I...
I am just about to fill in my Tax Return and my only income is my State pension and 3 small Private Pensions. Do I just leave the rest of the pages blank, or should I put nought, nought, nought in...
My employer has formed new company which is currently making no money and is in fact currently in debt, the recovery plan is good and I believe that the future is bright and achievable. The owner says...
hope i should put this here, when claiming for refund of mileage on a p87 form at end of tax year i dont get paid for all travelled miles to do my job, so can i add this amount of miles to the miles...
I'm soon going to be working overtime on Saturdays up until the end of March. When and how do I declare this to HMRC? Do I call and tell them or do I wait till the self assessment form comes through...
Just checking that they work a year behind?? Someone has asked me. All I know is... Took over company in 2010, it's a franchise, they have £100 fine + £5,000 tax bill. The bill is up to 2010. Am I...
Hi My husband was self employed for 4 months (April -August2012)he has paid £1106 CIS deductions total earnings £4424 from Aug 2012 he started working for Tarmac who pay his tax & NI estimated...
Can anyone explain to me what is trust? everyone is talking about it and i only understand about trust is only it saves you in tax. Am i right? does it cost much money in getting a trust? what if i...
Hi, I'm in the process of getting my paper work in order to fill in my self assessment on line [first time ever so do not have a clue what I'm doing!].... I haven't even had the bottle to open up the...
He is now 64 and going to be 65 in september. He has enough stamps for his full pension. He has been self employed about two years. But in the last year he hasnt really earned a lot. He has a little...
We are shared lives carers and our first permanent placement is going to arrive soon.I have spoken to so many tax credits advisors who all tell me different info i am confused with it all.I need to...
I am about to leave a £50,000 a year job. For a 12,000 year one.
Can I immediately claim WTC. Or is what i've already earnt this year, taken into account
Many thanks...
Here are some questions you can ask to help ensure you find an experienced, trustworthy tax accountant: 1. What licenses or designations do you have? 2. How long have you been in the tax business? 3....