01983 614108

VAT Flat Rate Scheme and Yoga Teachers

by | May 8, 2018 | Tax News

Because of both the retail nature of a yoga business, and the high labour element of sales price, VAT registration for a yoga business can be expensive, and something to be avoided if possible, eg by a restructure on commercial lines into two or more separate...

Extending tax relief for SME training

by | May 1, 2018 | Tax News

SMEs are being consulted on changes which will encourage further training of staff. The government has published Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed. Changes...

Happy New Tax Year!

by | Apr 7, 2018 | Tax News

Happy New Tax Year! If that makes you break into a cold sweat, don’t worry, we can help. Advice and guidance is free from our website Help and Guidance We can do your taxes for you – for a typical yoga teacher working by themselves, with or without another job,...

Spring Statement 2018

by | Mar 13, 2018 | Tax News

We were promised a very short Spring Statement with most of the juice reserved for Autumn Budgets, and that’s what we got in today’s – 13 March 2018 – Spring Statement. The speech was short with little tax content of interest; the fiscal...

Allowable expenses when using home as office

by | Feb 5, 2018 | Tax News

Tips to benefit from – and traps to avoid. Working from home may be many people’s dream come true. Whether it’s the employee of a forward thinking company in need of work flexibility, or a small business looking for a cash-flow head start through the reduction...

National Insurance for Yoga Teachers

by | Feb 2, 2018 | Tax News

NI, with rates lower than Income Tax, Corporation Tax, and VAT, can be seen as the unimportant poor relation of your Self Assessment payment, but far from it – its important for your benefit entitlements, and adds perhaps a third onto a typical tax bill. First,...

Offline options for paying HMRC

by | Jan 29, 2018 | Tax News

Fewer options available for those who choose not to pay online. There have been many changes for taxpayers in the ways they can pay tax owed to HMRC. Most of these have reduced the non-online options that are available. We have seen payslips only available online...

Top five most popular self-assessment questions

by | Jan 22, 2018 | Tax News

HMRC has revealed the most popular questions – and answers. Do I need to fill in a tax return?  You’ll need to send a tax return if any of the following apply, in the last tax year: you were self-employed – you can deduct allowable expenses you got £2,500...

Paying Voluntary NI

by | Jan 9, 2018 | Tax News

Whether to pay Voluntary NI can be a vexed issue for those working part time, or transitioning from employment to self employment. Heres our new guide on the topic

Reprieved class 2 NICs

by | Jan 5, 2018 | Tax News

Threshold and contributions up before 2019 abolition. It was announced earlier in November that the government has chosen to delay the abolition of class 2 national insurance contributions (NICs) by a year until 6 April 2019. For 2018/19 the small profits threshold...