Landlord Expenses: Do You Know What You’re Entitled To Claim For?
As a landlord you are entitled to claim a tax reduction on the cost of equipment used in property rental businesses. But do you know what landlord expenses can be claimed for rental property? Many of you are missing out on tax relief that you are within your rights to...
Director’s Loan Account | The Most Tax Efficient Ways to Manage It
If your director’s loan account is in the red by the end of your company’s financial year, do you know the most tax-efficient option to manage it? Should you write it off to avoid a charge on the company? Can a director’s loan be written off? If you’re unsure of the...
VAT Registration for your business | everything you need to know
VAT registration for your business may be voluntary or it may be compulsory, but either way, it will still take time for HMRC to implement you into the system and issue a registration number. So what do you do when it comes to invoicing for VAT before registration?...
How does the salary sacrifice scheme work with the P11D form?
The P11D deadline for the salary sacrifice scheme is almost upon us for 2018/19. However, it’s likely that this is the first time as an employer that you will have to include benefits provided to your employees through a salary sacrifice scheme. So if you’re asking...
Making Tax Digital for VAT | A guide to MTD
When it comes to making tax digital for VAT, it is important that you have full clarification on how and when you need to apply. Here at Thomas Nock Martin, we are proud to be one of the leading West Midlands chartered accountants, and have plenty of experience and...