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Mobile Phone Tax Traps All Companies Should Look Out For

Mobile Phone Tax Traps All Companies Should Look Out For

The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid falling foul of these? Here are the most common mobile phone tax traps...
Last minute tax-saving advice before April 2019

Last minute tax-saving advice before April 2019

With the end of tax year fast-approaching, Pentins offer some last minute tax-saving advice before April 2019. Director shareholders – salary The personal allowance for 2018/19 is £11,850. Anyone with control over remuneration, i.e. company owner managers, you...
Are you MTD ready?

Are you MTD ready?

From April 2019, the way landlords and businesses handle their bookkeeping & accountancy will be transformed with the introduction of Making Tax Digital. After the deadline, all VAT registered businesses will have to go digital. It seems likely that more...
Making tax digital

Making tax digital

FROM APRIL 2019 HMRC IS GOING DIGITAL Eventually, all your income and allowances will be kept in the digital account that HMRC are setting up to calculate your tax liabilities. This is a “massive” change as tax returns will be scrapped and replaced by your personal...
Tax avoidance – how does it work?

Tax avoidance – how does it work?

Tax avoidance can be a tricky subject. No business owner wants to pay more tax than required, but at the same time we have to acknowledge that paying tax is a natural part of doing business. In this article we will go through what HMRC has said about the matter, and...

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