How to split property income tax efficiently

Quite often we come across landlord clients who are married and their spouse may earn significantly more or significantly less than themselves and would benefit from tax advice on the splitting of their property rental income to optimise their income tax. If this is you, then read on… Property income by default for a married…

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Quickbooks Training Event 22 Feb 2019

We are running a classroom style training event delivered by Quickbooks trainers from their London HQ. the AM session is aimed at those NEW to or CONSIDERING QuickBooks and the PM Session is aimed at those already using QuickBooks   The AM sessions you can expect to: 1. explore the functionality, 2. find out about…

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Autumn Budget News – How does it impact small businesses?

Well, with Brexit looming and the population on tenterhooks about what might or might-not happen, the chancellor has opted for a conciliatory approach to try to win tax payers over. The main points of interest for small business owners are: The personal allowance threshold, the rate at which people start paying income tax at 20%,…

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What’s Phillip Hammond Got in store for us on 29th October?

The Chancellor is under some pressure to announce the end to austerity, raise NHS funding and give the country a “We-are-under-control” perception ahead of Brexit – so what has he got planned? Budget Day this year is 29th October 2018 and here’s what is speculated to be in store for us folk: 1 . A…

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Company Van Doesn’t necessarily need to be a Van

Our client (an electrical engineer) recently asked us about the tax benefits of having a company van instead of a company car and then the conversation went on to the type of van he could buy and still enjoy the tax benefits. So the conversation went a bit like this: Q: I want a new…

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Do You Need To Pay Business Rates If You Work From Home?

Here at LeeP Accountants we often get asked about allowable costs and working from home. One of the most common questions is around whether business rates need to be paid in addition to council tax if a home office is used. Right now, the rules on whether a home-based business should pay business rates are…

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