Welcome to
On Feet Nation
Posted by Linda on September 9, 2024 at 10:30pm 0 Comments 0 Likes
Posted by umer on September 9, 2024 at 10:26pm 0 Comments 0 Likes
온라인 카지노 슬롯 2024 - 저희 온라인 슬롯 사이트 가이드는 온라인 슬롯 게임, 바카라 사이트 및 각 소프트웨어 공급업체에 대한 심층적인 리뷰를 제공하여 최고의 온라인 슬롯을 찾는 데 도움을 드립니다. 다음 리뷰는 카지노 게임에 대한 필요한 모든 정보를 제공하고 가장 인기 있는 슬롯 게임을 소개합니다.
온라인 슬롯은 전 세계적으로 수많은 게이머들에게 사랑받는 도박 게임입니다. 간단한 규칙과 다양한 테마, 그리고 큰 보너스와 잭팟 기회로 인해 많은 사람들이 이 게임을 즐깁니다. 온라인 슬롯은 기존 오프라인 카지노에서 즐기던 슬롯 머신을 디지털로 옮긴 형태로, 시간과 장소에 구애받지 않고 언제든지 접속하여 게임을 즐길 수 있습니다. 이 글에서는 온라인 슬롯의 기본적인 정보, 이점을 극대화하는 방법, 주의사항 등을 소개하겠습니다.
1. 온라인…
ContinuePosted by Denise on September 9, 2024 at 10:22pm 0 Comments 0 Likes
Posted by freeamfva on September 9, 2024 at 10:22pm 0 Comments 0 Likes
Self employed taxi drivers in common with other self employed businesses are required to submit a self assessment tax return form each year reporting the main totals from the taxi drivers accounts.
The final submission date for these accounts to enable the tax authorities to calculate the tax payable is 30th September while the final deadline for submission of the self-assessment tax return is 31st January. MSP AIRPORT TAXI Miss the 31st January deadline and the penalty fine is 100 pounds.
The simplest solution to preparing the taxi driver accounts is to collect all the taxi receipts and expenses together, hand them over to an accountant who will prepare your self assessment tax return and might charge between 150 to 450 pounds for the privilege.
That is taxing. Taxi driver accounts does not have to be that taxing. You can prepare your taxi driver accounts and self assessment tax return yourself but do something.
These taxi driver notes in preparing the taxi driver accounts and completing the self assessment tax return are to assist that process.
Mileage Allowances
Taxi drivers can claim as an alternative to vehicle running costs mileage allowances of 40p for the first 10, 000 miles and 25p per mile thereafter. You may not claim mileage allowance and vehicle running costs. Should you choose to claim the mileage allowance then keep good records of mileage covered, purpose of journey.
Taxi Capital Allowances
If you bought a vehicle in the financial year 2007-08 and used the vehicle as a taxi you can claim a first year writing down tax allowance of 25% of the cost of the taxi, restricted to 3, 000 pounds for vehicles costing over 12, 000 pounds. On vehicles purchased in previous tax years you can claim 25% writing down allowance on the balance not yet claimed.
Many taxis are bought and sold each year and where a taxi is sold the capital tax allowance that can be claimed is the difference between the written down value for tax purposes and the amount of sale proceeds. First year allowance on non vehicle assets in the current tax year 2007-08 is 50% for small businesses.
Taxis bought on Hire Purchase
Claim capital allowances on the original cost of the vehicle, interest and other charges count as business expenses and go in the self assessment tax return box 3. 61 Other Finance Charges
Taxi Running Costs
When completing the self assessment tax return taxi drivers should enter fuel costs in box 3. 46 cost of sales not motoring expenses. A standard check carried out by any competent inland revenue inspector enquiring into a self assessment tax return would be to check when the taxi driver was on holiday and examine if fuel receipts had been included for this period.
Not many tax returns are enquired into as the system is based upon trust but taxi drivers should ensure their accounts do not contain this fundamental tax fiddle. Taxi running costs also include repairs, servicing and parts including tyres, road tax, taxi insurance and AA/RAC membership. Include radio hire and taxi office costs in general administrative expenses.
Household expenses
If you run your taxi business from home you can claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses are likely to be disallowed unless they are either specific to the business or a specific area of your home is devoted entirely to your taxi business. Using part of a room part time would not be sufficient to include the household expenses in the taxi driver accounts.
Spouse Costs
You can claim expenses for partners who work for your taxi business and payments up to 100 pounds per week would not attract income tax or national insurance however any payments claimed in the taxi driver accounts must be real payments for real work done. The Revenue naturally adopt a strict view on taxi expenses claimed for partner work as it is an area some people might use to reduce the tax liability. Care is required to justify the partner as an expense.
Other Expenses
Enter all business expenses in a named expense box on the self assessment tax return. Avoid entries in box 3. 63 Other Expenses if possible as any significant amounts in this box may give rise to an Revenue enquiry into the self assessment tax return.
The best method of ensuring the taxi drivers tax bill is as low as possible in the future is undoubtedly to meticulously maintain good records of all taxi receipts and expenses and mileage covered which offers the opportunity for taxi drivers to compare the taxi running costs against mileage allowances and choose the most tax efficient option. The decision to claim mileage allowance or taxi running costs can and often does change during the financial year.
In general when a more expensive taxi cab is purchased then the capital allowance of 3, 000 pounds will often outweigh the potential mileage allowance although if the vehicle is low value the mileage allowance might be the best option and a method of saving valuable tax pounds which you are entitled to.
The best taxi accounting software will automate the comparison of taxi mileage allowances with taxi running costs doing the taxi accountants work for you.
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation