Declaring Instagram income

Declaring Instagram income

by | May 23, 2023 | accountancy, Accountants, bookkeeping, Business Owner, expense claims, expenses, Income Tax, Instagram, making tax digital, MTD ITSA, Self employed, social media, Sole trader, tax, tax rebate

Accountants Chester | Instagram Income Accountants Chester | How to Declare Instagram Earnings in the UK If you are an Instagram influencer in the UK, you may be wondering how to declare your earnings to HMRC. Here is a guide to help you do just that. Accountants...
Trivial Benefits – make use of the exemption

Trivial Benefits – make use of the exemption

by | May 12, 2023 | accountancy, Business Owner, director, Employment, expense claims, expenses, Family Business, Income Tax, MTD ITSA, Profit Extraction, tax, tax rebate

Accountants Chester | Tax Tip No. 19 Trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. The exemption can also be used by personal and family companies as part of a tax-efficient profit extraction strategy. Accountants...
Mileage Allowances – What Can You Pay Tax-Free?

Mileage Allowances – What Can You Pay Tax-Free?

by | May 8, 2023 | mileage rates, accountancy, business management, Business Owner, Employer, Employment, Employment Allowance, expense claims, expenses, hmrc, Income Tax, making tax digital, partner, tax, tax rebate

Accountants Chester | Tax Tip No. 18 Employees often need to undertake business trips and it is common practice to reimburse the employee’s fuel costs by means of a mileage allowance. The tax rules allow mileage payments to be made tax-free up to certain limits....
Claiming relief for employment expenses

Claiming relief for employment expenses

by | Apr 28, 2023 | accountancy, accountancy software, bookkeeping, Business Owner, corporation tax, Employer, Employment, Employment Allowance, expense claims, expenses, hmrc, Income Tax, tax, tax rebate

Accountants Chester | Tax Tip No. 16 If you incur expenses in doing your job, you may be able to claim tax relief. While the rules governing the availability of relief are strict, the process for claiming relief where it is available is relatively straightforward....