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Claiming Clothes – HMRCs rules

by | Oct 19, 2017 | Tax News

Theres enough complexity in life, and you’d think that tax could be black and white – what you can claim or what you can’t claim.  Alas that simplicity doesn’t exist;  the area of allowable expenses is one of the key areas of uncertainty and...

Training and CPD – HMRCs guidance

by | Sep 18, 2017 | Tax News

There is often a grey area around claiming training costs and CPD. The rules are that “new skills” training can’t be claimed; CPD style training can be claimed. Alas there is often not a clear cut distinction and judgement is called for. Be prepared...

HMRC introduces 2 Step Verification

by | Aug 17, 2017 | Tax News

Users promised greater security and a safer online experience. From September 2017, HMRC will make it a requirement for all businesses using their online tax accounts to register for 2 Step Verification (2SV) – if not already using it. Users logging into their tax...

Tempted to run a Social Enterprise or Charity?

by | Jul 19, 2017 | Tax News

As businesses mature, and peoples priorities change, thoughts often turn to Social Enterprises and Charities, both for existing businesses and new ventures. We’ve written a new guide about how these work, and some of the pros and cons. You can read our guide...

Making Tax Digital Deferral

by | Jul 14, 2017 | Tax News

A bit of good news for a summer Friday morning. Yesterday – Thursday 13 July – the Government announced a deferral in the timescales for the ambitious Making Tax Digital programme – the one where businesses would have to submit quarterly figures...

Some Feedback We Received

by | Jul 10, 2017 | YogaTax News

Its nice to get feedback from clients, and this is something sent to us recently – we have permission to share: I just wanted to say thanks to you all for your helping me over the last 16 years.  It’s been an absolute pleasure dealing with you always.  You...

FreeAgent Software

by | May 25, 2017 | Tax News

By now readers of this newsletter should be aware of the impending arrival of Making Tax Digital. Staging dates are: April 2018 sole traders / partnerships over vat limit – Income Tax and NI April 2019 sole traders / partnerships under vat limit – Income...

Self Assessment Questions

by | Apr 25, 2017 | Tax News

Some questions in from a Yoga Teacher: I’m just filling out my first online self assessment and I have a few questions: Do I need to tell them about my child benefit claim? If so, in which section? I am self employed, I teach my own classes under my own name and...

VAT and the Yoga Teacher

by | Apr 19, 2017 | Tax News

We’ve got a guide to VAT on our website. Today its been updated with new guidance and a section on case studies. See the guidance and case studies here A lot of these examples focus on studios, as our experience is that solo yoga teachers rarely reach the VAT...

The Emotional Side of Tax

by | Apr 11, 2017 | Comment

Most of what, as owner of YogaTax, I write about is the technical aspect of accounts and tax, as, after all that’s my job, and we are a firm of accountants. However as a Yoga Teacher there is another side for me, the empathy with those who struggle with tax....

Its Year End Time

by | Apr 3, 2017 | YogaTax News

The end of the tax year, 5th April, is a day or two away, so time to think about taxes for 16/17. If you are a client of ours, have a look at our Working With YogaTax page to see what we need from you.  In essence: Self Assessment Questionnaire Accounts date (normally...

Class IV NI rises scrapped

by | Mar 16, 2017 | Tax News

Yesterday it was announced by the Prime Minister the Class 4 NI increases for Self Employed (sole traders and partners, not company directors) announced in last weeks budget are not going ahead. They were originally proposed at 1% from April 18 and 1% from April 19....
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