LeeP Accountants and Quickbooks Training Event – 16 November 2018

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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Travelling Expenses – What You Need To Know

1. Self Employed   Normal Place or base of work The first thing you need to think about is your normal place of work, so that you can work out what is your ordinary commute which is disallowed. If you rent an office or workspace anywhere then that generally be your normal place of work. If…

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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!…

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What 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…

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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…

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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…

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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…

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