Accounting

This category contains 67 posts

Should you claim Child Benefit?

For households in which no one earns over £50K per annum, this is not a question worth answering because the child benefit tax charge (introduced in 2013) doesnt apply. If, on the other hand, you (and/or your partner) are lucky enough to earn over £50K, you already know that one of you must pay the … Continue reading

Re-considering the VAT Flat Rate Scheme

You must have heard and/or read about the changes to the VAT flat rate scheme (FRS) effective 01 April 2017. To summarise, if your cost of sales is less than either 2% of your sales OR £1000 per year, your flat rate will be 16.5%. I won’t go into why this new directive was implemented but suffice it to say … Continue reading

Low Expenses? Claim a Grand

For the year 2017/2018, ie, the period from April 6 2017 to April 5 2018, if your income is  £1000 or less from a trade or from letting property, there will be no tax to pay. If your income from either of the above is over £1000 and actual expenses is below £1000 or unknown because you can’t … Continue reading

Follow PHOENIX DEBOLA ACCOUNTANCY SERVICES on WordPress.com

Enter your email address to receive notifications of new posts by email.

Join 3,138 other followers

POST CATEGORIES

0044 780 370 4496
0044 168 981 8119