August 2014 Blog

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On the Road: Claiming Mileage through your Limited Company

Published on Friday, August 29, 2014

Written by Lauren Ellingham

One of the most popular and utilised expenses that Contractors running Limited Companies claim for is mileage. The basic rule being that mileage can be claimed back when you are travelling to and from a temporary place of work. Read more...

Self-Assessments: It's that time of year again!

Published on Tuesday, August 12, 2014

Written by Lauren Ellingham

The deadline will soon be fast approaching to have your Self-Assessment (otherwise known as a Personal Tax Return) completed and submitted to the HMRC for the tax year 2013/2014. Read more...

Payments on Account: Do you need to make them?

Published on Tuesday, August 12, 2014

Written by Lauren Ellingham

Payments on Account crop up and are calculated within one’s Self Assessment (otherwise known as a Personal Tax Return). Payments on Account are advanced payments towards your personal tax liability for the following tax year and at times, Directors of Limited Companies are required to make these payments. Read more...

In the Know: Directors of Limited Companies filing Self Assessments

Published on Monday, August 4, 2014

Written by Lauren Ellingham

A Self-assessment form ultimately details the calculation of one’s own taxable liability, otherwise known as a Personal Tax Return. If you are a company director you are required by law to complete and submit a self-assessment annually to HMRC stating your income, capital gains and any tax allowances or reliefs, i.e. expenses. Read more...