JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Company Van Benefit in Kind Tax 2016-17
    Question, I run my own limited company and I bought a company van on 1st December 2016 which I use for both personal and business use. I believe I will have some benefit in kind tax that I need to pay but I am not sure how to calculate this or how I am meant… Read More The post Company Van Benefit in Kind Tax 2016-17 appeared first on JF Financial : Online Accountants.
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Tax code change for 2017-18
    Question, I am a contractor working through my own limited company and I take a combination of salary and dividends. I don’t have any other income outside of my company but HMRC have just sent me a strange tax code notice where they appear to be adjusting my tax code for dividends I had taken… Read More The post Tax code change for 2017-18 appeared first on JF Financial : Online Accountants.
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Sole trader engaging subcontractor
    Question, I am a self employed sole trader providing graphic design services to a range of clients. My business has grown well over the last few years and I am now looking to take on a bit of help from other freelancers on some of my projects. Can I claim these costs as a business… Read More The post Sole trader engaging subcontractor appeared first on JF Financial : Online Accountants.
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Sole Trader vs Limited Company 17/18
    Differences of Sole Trader vs Limited Company 17/18 What are the key advantages and disadvantages of trading as a self employed sole trader vs a limited company for the 2017/18 tax year? Making the decision as to which structure your business operates as can be crucial, whether that be in terms of tax savings, perception to… Read More The post Sole Trader vs Limited Company 17/18 appeared first on...
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Staff Canteen
    Question, I run a small limited company recruitment agency employing 10 members of staff. I would like to provide a free daily office canteen lunch to our staff – what are the tax issues with this, will it be taxed as a benefit in kind? Answer: The good news is that it is possible to… Read More The post Staff Canteen appeared first on JF Financial : Online Accountants.
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Payments on Account for Limited Company Contractor
    Payments on Account for Limited Company Contractor Question, I am a limited company contractor and take salary and dividends to the higher tax band and have no other income. I believe with the dividend changes that came in for 16-17 I will have to make payments on account as part of my 16-17 personal tax… Read More The post Payments on Account for Limited Company Contractor appeared first on JF Fi...
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Spring Budget 2017 – Update
    On Wednesday 8th March 2017 the chancellor of the exchequer Philip Hammond delivered what is set to be the last Spring budget – from now on the budget will be an annual event held in the Autumn. In this article, we cover the key changes from the budget that affect contractors, freelancers and small business… Read More The post Spring Budget 2017 – Update appeared first on JF Financial : Online Acc...
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Making Tax Digital
    Making Tax Digital There has been much talk in the press recently of upcoming changes to the way businesses and individuals are going to need to report details of their tax affairs to HMRC, this is called ‘making tax digital’. Below is a brief guide of what we currently know about HMRC’s plans to implement… Read More The post Making Tax Digital appeared first on JF Financial : Online Accountants.
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • Register as an Employer
    How to register as an Employer Question, “I have just started my own limited company and I am also about to take on my first employee. Can you let me know what I need to do to be able to run a payroll for myself and my employee?” Answer, December 2016 Register as an Employer… Read More The post Register as an Employer appeared first on JF Financial : Online Accountants.
  • Charging VAT on overseas services
    Charging VAT on overseas services Question, “I run a small UK limited company which is VAT registered and we pay for a monthly software subscription to a business based in the Republic of Ireland. The invoice they send me shows VAT being charged at 20%, but with an Irish VAT number. Is this correct and… Read More The post Charging VAT on overseas services appeared first on JF Financial : Online Ac...
  • Taking a salary as a limited company contractor during a break
    Question, I trade as a limited company contractor (I am the only director and shareholder) and I am about to have a six month break between contracts. I don’t plan to take dividends during my break, but am I OK to keep drawing a monthly salary?   Answer, November 2016 During your break, although your… Read More The post Taking a salary as a limited company contractor during a break appeared first ...
  • Is customer entertaining allowable for tax
    Is customer entertaining allowable for tax? I run a small limited company and take clients and potential clients out for lunches and dinners on quite a regular basis – a typical month might see 10 – 15 meetings – are these customer entertaining costs tax allowable and what records do I need to keep?  … Read More The post Is customer entertaining allowable for tax appeared first on JF Financial : O...
  • Contractor Travel Expenses
    Contractor Travel Expenses Question, Contractor Travel Expenses: I am a limited company contractor and I have been working on an 18 month contract which is based at Cannon Street in the city of London (this was my first contract). My contract is due to finish soon after which I will be taking on a 12 month… Read More The post Contractor Travel Expenses appeared first on JF Financial : Online Accou...
  • Will HMRC accept scanned electronic receipts and paperwork
    HMRC – scanned electronic receipts and paperwork Question: “I run a small limited company and I have a lot of paperwork filed for invoices and receipts. If I keep electronic copies of this paperwork can I get rid of the originals? Do HMRC have any rules on this?”     Answer, Jan 2017 It used… Read More The post Will HMRC accept scanned electronic receipts and paperwork appeared first on JF Financi...
  • Optimum Directors Salary and Dividends 2017/18
    Optimum limited company director salary and dividends 2017/18 If you operate through your own UK limited company you’ll often want to use the optimum tax planning strategy of extracting money from your company through a combination of dividends and a low salary. This article outlines the most tax efficient salary and dividend structure for the… Read More The post Optimum Directors Salary and Divid...
  • Dormant Company Accounts
    Question, I have a question about dormant company accounts – I am a limited company contractor and I am the sole shareholder and director of my company. I am about to stop contracting to take up a full time employed role. I don’t want to close my company but would instead like to keep it… Read More The post Dormant Company Accounts appeared first on JF Financial : Online Accountants.
  • VAT Flat Rate Scheme Changes 2017 – Limited Cost Traders
    VAT Flat Rate Scheme Changes 2017 – Limited Cost Traders On 23rd November 2016, as part of the Autumn Statement, HMRC announced that they would be bringing in changes to the VAT flat rate scheme from April 2017. This article is to update you of the proposed changes although full and final details will not be… Read More The post VAT Flat Rate Scheme Changes 2017 – Limited Cost Traders appeared firs...
JF Financial Management
JF Financial Management
Blog Article

New blog articles detected.

  • VAT Flat Rate Scheme Computer Purchase
    VAT Flat Rate Scheme and Buying a Computer I am a freelancer operating through a limited company which is VAT registered on the flat rate scheme. I understand that being on the flat rate scheme means that usually VAT cannot be claimed back on my costs, however I am about to buy a new laptop and I… Read More The post VAT Flat Rate Scheme Computer Purchase appeared first on JF Financial : Accountant...

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