by Terry Phillips | Feb 24, 2023 | tax, accountancy, expense claims, expenses, hmrc, tax rebate
Accountants Chester – Tax Tip No. 5 A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s private use. If fuel is also provided for private journeys, a separate fuel benefit tax charge arises. The van and...
by Terry Phillips | Dec 19, 2022 | accountancy, business management, expense claims, hmrc, influencer tax, making tax digital, social media, tax, tiktok
Since 2020, millions of us have flocked to the online streets of TikTok and have made a penny or two. But now you have to tell HMRC exactly what you’ve made. TikTok is the world’s largest short-form video-sharing platform with a unique algorithm that helps people...
by Terry Phillips | Nov 28, 2022 | accountancy, accountancy software, bookkeeping, business management, expense claims, expenses, hmrc, making tax digital, tax
If you’re earning money outside of payroll and you’ve not been taxed on it yet, you’ll need to know everything about doing a self-assessment tax return. A self-assessment tax return is something you’ll need to do every year if you’re self-employed or earning income...
by Terry Phillips | Oct 25, 2022 | accountancy, bookkeeping, business management, expense claims, expenses, making tax digital, tax
As we approach the “Making Tax Digital” (MTD) deadlines, it’s more important than ever for you to know about cloud accounting and cloud bookkeeping. Right now, more than half of the small to medium enterprises (SMEs) across the UK are already doing all of their...
by Terry Phillips | Oct 4, 2022 | accountancy, bookkeeping, business management, expense claims, expenses, mileage rates, tax
On 1st June, 2022, HMRC released an update to the rates of mileage for company car drivers. However, these changes have seen a vat of criticism. As a business, you might be providing your employees with a company car, where you’ll have to charge for personal use. Or,...
