Category: Uncategorised

Self-Assessment Tax Answered

How much do I have to earn to declare my income to HMRC? Good news if you earn £1,000 or less from an income source, not only do you not have to pay income tax on it, you also do not need to declare it to HMRC! If you do earn more although you will…

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Trivial expenses are not so trivial…

Did you know that as an employer, you can now provide trivial benefits such as a bunch of flowers, a box of chocolates, a meal out, gift voucher etc without having to put it on the P11D and without any tax or national insurance for either employer or employee. The employer will also be entitled…

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31 January 2018 Tax Deadline

31 Jan is nearly here! It’s the tax deadline but have no fear! If you need a really good accountant give LeeP a try. We keep our prices fixed, we are not sly. So go ahead and be merry Enjoy your turkey and even a sherry Rest assured your accounts are in good hands So…

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VAT reminder

For those businesses operating the VAT Flat Rate Scheme with your VAT quarter ending 30 Sep. Remember to check your qualifying spend this quarter to ensure you are not caught by the new Limited Cost Trader rules. If you haven’t spent enough on qualifying spend then NOW is the time to do this before 30th…

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LeeP Accountant’s Top 6 Bookkeeping Tips To Make Your Accountant Happy!

LeeP Accountants top tips for a healthy relationship with your Accountant! It’s no secret that business owners have to wear many hats – and most would agree that the least exciting of those hats is the bookkeeper’s. A recent survey of businesses conducted by the ICAEW indicated that the #1 thing that slows down business growth…

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How To Be Smart About The High Income Child Benefit Charge

Child Benefit Child Benefit can be paid to everyone in the UK who has children, but if you’re a higher-income family, you’ll have to pay extra tax called a High Income Tax Charge, if you choose to keep getting it. The extra tax you pay will effectively cancel out some or all of your Child Benefit….

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Think you’re too small for an Accountant? – think again…

LeeP are local chartered accountants who specialise in small businesses and start ups. We often hear “we will get an accountant when we are a bit bigger” from start up business owners; however, did you realise that LeeP aren’t there just to do your books? We are here to guide you through the initial stages of…

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