Tag Archives: advice

The Tax Implications of Benefits In Kind

The Tax Implications of Benefits In Kind When managing a business, it’s crucial to understand that providing benefits, perks or covering expenses for employees comes with tax implications. Completing a P11D The P11D form is an annual document submitted to HMRC by employers. It lists expenses or benefits provided to employees during the year. If […]

Claiming Tax Relief on Expenses

Can I claim tax relief on expenses I incur for work?

How Do I Claim Tax Relief on Expenses I Incur for My Job? You might be able to claim tax relief if• you use your own money for things that you must buy for your job • you only use these things for your work You cannot claim tax relief if your employer either gives […]

Dealing with your Tax on Overseas Income

Returns for overseas income - Moorgates

Tax Returns for Overseas Income If you’re living or working abroad, you may still have to pay UK tax on some or all of your income. It all depends on where the money’s coming from and what your tax residence status is. This is a very complex area of tax regulation, and the rules that […]

Self Assessment Tax

Why Should I Use An Accountant To Do My Self-Assessment Tax Return? Let’s be honest, no-one really wants to fill out their self-assessment tax return themselves. It’s a boring job that you do because you have to. And most likely, you put it off until the very last day possible before the 31st January deadline. […]

How Do I Pay Myself as a Director of My Own Limited Company?

Congratulations! As a Director of your own limited company you’re going places. Hopefully you’ve also earned some money and now you’re wondering, how you pay yourself? As a business owner and a Director of a Limited company you have options. Get Paid via PAYE or Payroll This is probably the easiest option available to you […]