FreeAgent and New UK Tax Codes
A minor addition overlooked in last week’s release Anjou release announcement was the ability to update an existing payroll with revised tax code.
Tax Tips 5: Childcare Vouchers
If you have a child that is cared for by a nursery, crèche, after school club or registered child minder,
you may be able to save tax by issuing Childcare Vouchers.
Tax Tips 4: Dealing with Changed Personal Allowances
The announcement by the Chancellor Alistair Darling about the changes to the personal allowance and the basic rate tax band for 2008/09 took HMRC by surprise as much as everyone else. It has taken a few months to work out how to tweak the PAYE system so everyone pays the right amount of tax in 2008/09.
Tax Tips 3: Getting your Business to Pay for your Holiday!
It’s the holiday season and you may be tempted to get your limited company to pay for some or all of your holiday costs. If you do this you will normally be taxed on the entire cost, but exactly when you pay the tax depends on how the holiday was arranged.
Tax Tips 2: What needs to be on a UK VAT Invoice?
You must have a valid VAT invoice in order to charge VAT on sales or reclaim VAT charged on the goods or services you purchase.
Here’s what they need to show…
Tax Tips 1: Lunch on the Tax Man?
When is lunch tax-deductible and when is it not? Here’s a comprehensive guide to keep you right when claiming business expenses.
Claiming Expenses for an Office At Home
Most freeagents use part of their home as an office for at least some part of their work. Some might just do some occasional paperwork in a home-office and most of their time will be at client offices.
For others, practically all their working time will be spent in your office at home. Like everything, this has good and bad bits, of course.
Some good news is that Her Brittanic Majesty allows a proportion of the costs of running your home as a business expense…
Keeping Records
Being a freelancer conjours up images of running with abandon through summer meadows, the wind in your hair. Right?
Alas, in fairly short order reality crashes in once you get started. Being your only boss is the only way to be, but you do find out what those people in HR and Accounts used to get up to before you went solo.
This is nowhere more true than when it comes to keeping business records.
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