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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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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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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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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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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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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