Business Expenses HMRC Allows

business expenses - pile of receipts

Business Expenses HMRC Allows to Claim!     I have decided to post this small guide because of constant questions I was getting from small business owners in regards to business expenses HMRC allows to claim on self-assessment.     This guide is more of a rule of a thumb rather than a comprehensive tutorial. If you […]

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How to Record CIS Deductions in Xero

Recording CIS in Xero

How to record CIS deductions in Xero? This is a short tutorial on how to correctly record CIS Deductions in Xero cloud accounting package. This method can be easily replicated to other accounting packages. What is CIS Deduction? CIS short for Construction Industry Scheme is a type of taxation introduced by HMRC to the construction […]

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Bookkeeping Applications

Bookkeeping services cheltenham

Bookkeeping Applications Almost everyone is familiar with different types of applications used on the phone, tablets and computers. With the advent of online accounting, numerous bookkeeping applications have been created to help improve accuracy and speed of processing receipts and bills. The most common applications helping in bookkeeping tasks are Receipt Bank, Entryless and Shoeboxed […]

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Your tax in retirement.

Your tax return in retirement.

Work may stop in retirement – for some people, at least – but your tax in retirement does not. If your income totals more than your personal allowance, you may still be liable to tax. Occupational pension benefits from an employer are generally paid with tax deducted at source, but other income – from private […]

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Tax relief for investors.

tax relief for investors and savers

The Government wants people to save and invest more for the future, so it offers generous tax incentives to encourage people to do so Several parts of the tax return deal with the income and profits you have earned on savings and investments – interest payments on bank and building society accounts, for example, and […]

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