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Paish Tooth Accountants & Tax Advisors
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BBC News asks why self-employment has become more popular with the young and old, and what protection workers have: http://ow.ly/mYRQ30loEfn #freelance #goingsolo
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Happy Friday from the PT team! A little tip when doing your expenses on #Xero: select the multi currency option when creating your expenses and Xero will work out the exchange rate using http://XE.com . #cloudaccountingtips
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If you're planning to sell a second home in the future, watch out for major changes to the tax rules coming in April 2020: http://ow.ly/bTRn30llToj #CGT #HMRC #property
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The government has published a new rule that taxpayers must soon comply with in order to be eligible for rent a room relief: http://ow.ly/Hlbh30lkEH0 #property #lodger
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If you're self employed, how do you make the choice between being a sole trader or setting up a limited company? PT director John Tooth examines the tax implications of your decision: http://ow.ly/I8Xw30ljD0A #SME #glosbiz
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The amount of money raised from inheritance tax has doubled in less than a decade. IHT is a very complex tax, so make sure you seek the right advice so you don't pay more than you have to: http://ow.ly/dlnJ30leq7b #HMRC #IHT
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Are you self employed? Don't forget your second payment on account to HMRC is due by 31 July. If you miss this deadline you'll risk a penalty of 5% of your unpaid tax bill: http://ow.ly/CZKz30l5RTo
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What do you think of this suggestion that HMRC should be able to secretly access taxpayers' financial information? 😳 http://ow.ly/S49N30l4F3D
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If you run a business, it's crucial to open a separate bank account and keep business and personal finances apart. Here's some advice on how to go about finding the best business account for you: http://ow.ly/HyCL30l4pfH #banking
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Happy Friday everyone! Here's this week's cloud accounting tip: if you're using #Quickbooks you can post dates quickly by typing 'T' for 'today's date', 'y' to post the first day of the year or 'r' for last day of the year into the date box. This can be used for both weekly and monthly updates. #cloudaccountingtips
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