Private Bank Transactions
Why private bank transactions should be kept separate from business transactions? Do you tend to pay for business expenses through your private bank account? Do you pay the odd company expense [...]
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Temporary Workplace
Temporary Workplace 24 month rule? Many contractors may have heard of the 2 year or 24 month rule with respect to travel and subsistence expense claims. In this article, we have tried to provide a [...]
Visa Renewal Expenses
We have been asked at DNS many times whether expenses incurred in relation to visa renewals are legitimate business expenses, this includes travel and subsistence in the course of carrying out one’s [...]
Use of Your Home as an Office: How Much Can You Claim?
There are two Schools of thought on the use of home-as-office expenses; be sure you are aware of the facts, which largely relate to the nature of your business. You can claim £4 p. w. or additional [...]
IR35 Contractors - Is the income of contractors and freelancers in real danger due to new IR35/"off payroll" rules for public sector workers announced
The short answer to the question in the heading is, YES, because the Treasury’s final guidance to public bodies about how they should process "off-payroll" payments to freelance and limited-company [...]
Self Assessment Deadline - HMRC Self Assessment Deadline New Penalty Regime
New HMRC penalties will really hurt, please make sure you don’t fall foul. From April 2011, the penalties for late filing of your Self Assessment Tax Return and for paying your tax late have [...]
Tax Allowable Expenses - Reduce Tax Claim Business Expenses
Tax Allowable Expenses - Reduce Tax Claim Business Expenses What is allowable business expenses and what is not allowable is a sticky issue, so let’s look at what are NOT legitimate business [...]
Negligible Value Claim - Tax Claim
Negligible Value Claims (This is an updated version of an article that was first published in August 2011) A Negligible Value claim is an excellent tax-planning tool when liquidating a company [...]
HMRC Amnesty on late Self Assessment Tax Returns
HMRC Amnesty on late Self Assessment Tax Returns HMRC self assessment tax return amnesty deadline: October 2012 HMRC have announced an amnesty for people who have not yet filed their 2009–10 [...]
Assigning Guardianship in your Will
Assigning Guardianship in your Will One in three people in the UK die without making a will and the professional advice website unbiased.co.uk shows that two-thirds of parents with children under [...]