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Artists Tax: Averaging Relief

Artists Tax: Averaging Relief

Artists Tax: Averaging Relief Introduction Artists Averaging Relief is designed to help artists who have significant fluctuating income from one year to the next. The tax consequence of this fluctuating income could be no tax to pay when profits are low, followed by...

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Tax Return: Dates and Payments

Tax Return: Dates and Payments

Today I’m going to look at your Tax Return: Dates and Payments.   Introduction The two previous blogs have looked at who must prepare a personal tax return, and what can be claimed.  Your personal tax return includes details of your income and capital transactions. ...

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CIS Deductions: Are you doing it correctly?

CIS Deductions: Are you doing it correctly?

Making the correct Construction Industry Scheme (CIS) deductions is one of the schemes conditions.  Are you doing it correctly? Payments to sub-contractors: travel, subsistence and accommodation Are you working in construction? Are you a contractor, subbie, advisor,...

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Expense Claims: Tax Returns

Expense Claims: Tax Returns

Personal Tax: What we can Claim Today, we will tell you what expense claims can be made for your Personal Tax Return. Previously we talked about that, pencil in the aorta time, tax return season. I get loads of clients saying, Mahmood, we’re putting our accounts...

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Personal Tax Return: First Steps

Personal Tax Return: First Steps

Personal Tax return season (Self Assessment) 2018-19 comes to an end on 31st January 2020.  You may have done yours, then relax, if not then read on Some important stuff to things to think about for your 2018-19 personal tax return. Personal Tax Return: First steps...

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Xero: Business Information System

Xero: Business Information System

Xero is a powerful Business Information System, and not just a record keeping system. Every business, however big or small you are, should know some essential things about their business. Xero is  a Cloud Accounting system, it is our platform of choice, not...

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