LeeP have invited QuickBooks guru’s to run another classroom training event on Friday 16th November 2018 at Pinnacle house in Peterborough. Computers & training materials will be provided. Training will be delivered by a Quickbooks trainer from London and you will be lead through a series of hands-on exercises on your laptops (provided) to show…
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When Do You Need To Declare Your Rental Income?
This is a question we here at LeeP Accountants get asked frequently – here are some myth busters: Many people think that if it’s not a lot of rental income then they don’t need to declare it…. some even think that as long as it’s under £2,500 per year then HMRC are not interested…. WRONG!…
Read MoreWhat Is The Construction Industry Scheme & Do I Need To Worry About It?
Here are LeeP we often get asked questions about the Construction Industry Scheme and there is often confusion about whether clients need to be registered. Essentially, like PAYE, the Construction Industry Scheme (CIS) is a special tax at source for those working in the construction industry. Businesses & soletraders in the construction industry are known…
Read MorePension Income and Tax – Did you Know that You might have to pay Tax on Pension Income?
A commonly misconstrued belief is that once you reach pensionable age and can draw a pension, state or private, that you no longer have to pay any tax… this is completely untrue. Some people also believe that only Private pensions are taxed and state pensions are tax-free… again, a fallacy.
Read MoreTax 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…
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