1st August 2017 | Leep Financial

31 Aug '17
Airbnb Income – How Will It Impact Me?
Posted in
- Accountants,
- Landlords,
- Pension,
- Self Assessment,
- Tax
Posted by Polly Lee
In general, money you earn from hosting is income and will be subject to tax. However depending on the amount you earn from hosting, it may or may not need to be declared to HM Revenue & Customs. So what’s the current situation? If you’re renting out your entire or even just a room of […]

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- Tags:
- airbnb
29 Aug '17
The VAT Flat Rate Scheme changed from April 2017! Did it impact you?
Posted in
- Uncategorised
Posted by Polly Lee
Did you know that the VAT Flat Rate Scheme (FRS) changed from April 2017? From April you needed to do a calculation to check that you were not a “Limited Cost Trader” which meant that instead of using your FRS % for your trading (SIC) code, you will need to use 16.5%? This almost completely eliminates […]

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25 Aug '17
Top 5 Tax Mistakes That Cost You Money
Posted in
- Accountants,
- Cashflow,
- Cost,
- Expenses,
- Self Assessment,
- Tax
Posted by Polly Lee
It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever […]

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