Originally posted by TheFaQQer
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Saving more on VAT and corporation tax
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Originally posted by abc111 View Postwhich agency ...its me, client and my chartered accountant...Comment
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Originally posted by abc111 View Postwhich agency ...its me, client and my chartered accountant...
Reduce your CT bill by filing your expenses when working away from home (this is every day if your home is your office and you need to attend site as part of your contractual obligations). Fuel / Train travel, Subsistence all counts. If you can claim travel, you can claim subsistence in most cases. Check the 24 month rule if it's relevant to you.
When you invoice a customer they have to pay you - this means they have a record of that payment. If they were investigated by HMRC they would then see this. If you were also investigated at the same time, they could look at the two businesses jointly.Comment
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Originally posted by mattfx View PostYour "chartered accountant" should be giving you the advice here, not CUK.
Reduce your CT bill by filing your expenses when working away from home (this is every day if your home is your office and you need to attend site as part of your contractual obligations). Fuel / Train travel, Subsistence all counts. If you can claim travel, you can claim subsistence in most cases. Check the 24 month rule if it's relevant to you.
When you invoice a customer they have to pay you - this means they have a record of that payment. If they were investigated by HMRC they would then see this. If you were also investigated at the same time, they could look at the two businesses jointly.
i have my wife as secretary/ director -i added her for taking out more salary on least salary (no NI basis), she is non technical how and what can i claim on behalf of her...!! telling from experience...Comment
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Originally posted by abc111 View Posti generally skip quite a few expenses as keep a record is a mammoth task for me...i take it expenses should save me both VAT and CT...
Quite enervating really.
Originally posted by SueEllen View PostOh dear...
Go back to permanent employment if you can't be bothered to keep records.Last edited by zeitghost; 11 September 2017, 17:26.Comment
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Originally posted by zeitghost View PostIndeed. It takes hours & hours to keep receipts and enter them on a spreadsheet.Comment
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Originally posted by zeitghost View PostIndeed. It takes hours & hours to keep receipts and enter them on a spreadsheet.
Quite enervating really.
This has got to be a sockie, there's no other reasonable explanation.______________________
Don't get mad...get even...Comment
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Originally posted by abc111 View Postwhat i can or cannot consider as useful expenses...i work from home..Comment
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Originally posted by abc111 View Postwhat i can or cannot consider as useful expenses...i work from home.."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostAsk your accountant.Comment
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