Author: Polly Lee

I am an ICAEW Chartered accountant and qualified with PricewaterhouseCoopers in 2001. I have many years accountancy experience with big names such as GE Life, BGL Group, Anglian water, Nokia and HR Owen.

LeeP Tip: Tax payments and what HMRC don’t want you to know about!

For many people, 31st July signifies another payment to HMRC – it’s called a “payment on account” towards your 2017/18 tax liabilities and was calculated based on your 16/17 tax return. If your bill is rather large, then did you know that there are various options for you to consider: Option 1 If you think…

LeePTip on Home Office Expenses for Sole-traders

“Can I claim Home Office costs and How much?” This is one of the most commonly asked questions we get asked here at LeeP, your local Peterborough Accountants, and there are so many misconceptions are flying around. Here is what you need to know if you work from home. There are TWO methods you can…

LeeP Accountant guide to the P11D – what is it and should I be worried?

If you’re an employer and provided expenses or benefits to employees or directors in the previous tax year ended 5th April 2018, you might need to tell HM Revenue and Customs (HMRC) and pay tax and National Insurance on them. Examples of expenses and benefits include: Company cars Health insurance Travel and entertainment expenses Childcare…

Tax Tip – National Minimum Wage

HMRC steps up on Naming & Shaming employers who fail to comply with the the new National Minimum Wage. You may have heard on the radio that recently a magnitude of employers have been announced as failing to comply with the new National Minimum Wage laws. Here’s the guidance on how to avoid being one…

Half Day Quickbooks Online Training by Quickbooks Experts From their HQ – 7th June 2018 – Pinnacle House, Peterborough

½ Day Quickbooks Training delivered by Quickbooks Trainers from London – computers and training material provided. LeeP Accountants have partnered up with QuickBooks directly and invited the experts from their London HQ to run a local training session for our clients and prospective clients. The session is restricted to just 25 delegates on a first-come-first-served…

Happy New Tax Year

The new tax year began on 6th April and this year has brought many financial changes that will impact all individuals and businesses. Here is a summary on some of the biggest changes: 1. The New National Minimum Wage The minimum wage has increased for all workers, although some have seen more of a gain…