• Email this page to a friend
  • Share on LinkedIn
  • Share on Twitter
  • Share on Facebook

Call us on 02920 777 75602920 777 756

WE KEEP YOUR FINANCES
RUNNING SMOOTHLY, LEAVING YOU
TO FOCUS ON RUNNING YOUR BUSINESS.

WE KEEP YOUR FINANCES
RUNNING SMOOTHLY, LEAVING YOU
TO FOCUS ON YOUR BUSINESS ADVENTURE.

CONTACT US TODAY
TO LEARN HOW WE CAN HELP
YOU FIND SUBSTANTIAL TAX SAVINGS

DO YOU GET A SINKING FEELING
EVERYTIME SOMEONE MENTIONS TAX?

Find out how to Make more, Keep more and Work less

Book a Free Consultation

Request a Callback

November Question and Answer Corner

Newsletter issue - November 07.

Q. I am about to sell a trailer that has been used by my VAT registered business for a few years. Do I have to add VAT to the price?

A. As your business is VAT registered you must add VAT to anything you sell, whether it's your regular services or assets that been used in the business. This applies whoever you sell the asset to.

Q. I have a joint savings account with my husband that pays about £1,000 in interest each year. We are both higher rate taxpayers, so does it matter which of us includes this interest on our tax return?

A. As a married couple you are deemed to receive an equal share of the interest, so half of the total amount should be included on each of your tax returns. Although the same tax overall would be paid if only one person returned all of the interest, that would not be the correct position. In this case the Taxman could demand tax, interest and penalties from the spouse who did not include their share of the bank interest on their tax return.

 

Commercial Property

Reduce your SRA audit outlay

How to choose an accountant