The tax office will allow you to claim a proportion of your household expenses against your taxable income if you are employed and work from home. For any expense to be deductible then it must be incurred “wholly, exclusively and necessarily in the performance of the duties of the employment”. There are two main conditions … Continue reading Claiming Household Expenses From Tax For Working From Home →

Understanding the relationship that a director/shareholder has with his/her company is critical if errors in operating the business, and unnecessary tax charges, are to be avoided. The main things to keep in mind are as follows. The company’s cash belongs to the company. Some people operating their business fail to understand that they must not … Continue reading Directors’ and Company Cash Why You Need To Be Careful →

Once again, January 31st has come and gone. This has always been a stressful time for accountants and their clients, but even more so this year. Previously, no late filing penalty would be charged if there was no tax due. However, this year was different! One major difference this year has been that anyone who … Continue reading Backdown on SA Penalties by HMRC →

Employer ……..Employees,……. End of year Returns to HMRCI WatkinsonBlack met the 31st January Self Assessment Tax Return deadline for numerous clients – and here we are already facing the next deadline for the PAYE end of year returns. The good news is that we do have a payroll bureau with widely experienced staff who are … Continue reading PAYE Deadlines →

We are certain that our clients are honest and do their best to comply with their tax obligations. They do not ask for favours from the tax office, but expect to be treated fairly. Recent revelations suggest, however, that this expectation is very badly misplaced. The tax office has recently been accused of double standards … Continue reading Business Record Checks →