Posts By: ilyas Patel

Grandparents Overlook Childcare NI Credit

In 2011, the specified adult childcare was introduced and is available to grandparents or other family members who care for a child under 12 whenever their parent or main carer is at work. An estimate shows that more than 100,000 grandparents of working age could benefit from the scheme . Nevertheless, only a few claim… Read more »

HMRC List Of Eccentric Failed Expenses And Claims

HMRC released a list of the most outlandish expense-claims to make sure other taxpayers do not make similar claims to those rejected on 2014-2015 self-assessment returns. Here’s the list! Holiday flights to the Caribbean Luxury watches as Christmas gifts for staff – even though it had no employees Regular Friday night ‘bonding sessions’ worth thousands… Read more »

Thousands Of Citizens Who Make Extra Money Online Are Targeted By HMRC

An estimated 5 million workers in Britain participate in the so called ‘sharing economy’ by selling products such as accessories, greeting cards, and delicacies, or by offering services online. It follows a massive surge in websites such as AirBnB, Etsy, and eBay wherein they allow sellers to advertise and sell their goods or services directly… Read more »

Claim 100% VAT On A Car

You can claim 100% of the VAT paid on a car that is used as a genuine pool car. A pool car has 2 main features: It is not allocated to any single employee and is available for the general use of company employees. It is kept overnight at the business premises and not the… Read more »

Marriage Allowance Tax Break

Latest HMRC statistics have shown that since the marriage allowance was introduced nearly two years ago, only one in four couples have signed up for the tax break. HMRC is urging couples to give their finances a boost and have pointed out that since the start of the new tax year in April, couples can… Read more »

Trivial Benefits: Not so trivial £50

We have found a fantastic way to motivate your employees! Fortunately, there are now some great new rules introduced by Finance Bill 2016 which indicates that NO TAX is payable on trivial benefits. Here’s the criteria that need to be satisfied for a trivial benefit: Up to £50 per benefit. If the benefit is provided to a group of… Read more »

Buy to Let Landlords Worried Over April 2017 Tax Hikes

It has been reported that almost two thirds of buy to let landlords are in fear of the April 2017 changes to income tax relief and tougher mortgage affordability checks. Results from the latest Property Investor Survey showed that one in ten landlords had not even heard of the imminent tax changes. Despite their worries… Read more »

How’s your Accountant doing?

When you started working or set up your own business, the accounting side of things may have looked daunting. Your first instinct may have been to get an Accountant and for many, this is the last time they really gave it a huge amount of thought. Accountants though come in an array of types, like all… Read more »

The Scams

    Beware the scams now that YOU take responsibility for pensions: [Cathryn: Hi you’re speaking to Cathryn at The Pensions Advisory Service how can I help you? Geoff: Hi, I was called out of the blue from a company who did a pension review for me, I think I might have got a bit… Read more »