doing your accounting, for dummies.
I'm planning on opening my own small business in the future, while I intend to use a accountant I believe it does not hurt if I understand the basics myself. I plan on making my own handmade items,...
View Articletax relief for working at home
Hi, I'm not sure if this is the right place to ask this, my apologies if it isn't. Does anyone know anything about an £18 a month you can claim in tax relief for working at/from home. Some one has just...
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HELP! My second months pay is rubbish! What gives?
I just joined a new job and have had two lots of wages so far. I did exactly the same amount of hours both months and received totally different amounts. The last one of which seems quite low. Could...
View ArticleRedundancy and Mat leave tax
Hi all, My wife is due our 2nd child in Feb, in the same month she will also be made redundant in the same month. We are expecting her to go on mat leave in late Dec/Early Jan after year end is...
View ArticleFull time job and weekend contract - how much tax will I pay
Hi, First of all, since I am new here, hello :) ..and down to the business ;) : My full time job pays £38.000 pa. I have opportunity to do contract in weekends at £400 daily rate - if I work for let's...
View ArticleRental Tax
I am currently renting my property on Airbnb. We have 2 bedrooms for rent, to make managing them easier we have seperated the listings for each bedroom. Therefore, the rooms are seperately listed on 2...
View ArticleUmbrella Company -v- Limited Company
Hi Wonder if anyone can advise me what is best financially. I commenced my first contract role and was advised just to go with an umbrella company to get started, however, I am now realising or am...
View ArticleHow to get P45 with wrong leaving date corrected
I can't give too many details, but what I can say is that the employer has sent a P45 with the date of leaving as 21st August. What had been agreed was that the employee could work fewer hours in...
View ArticleDeclaring Rental 'Income' For Forces
Hi All, Hopefully someone can give me some advice. I am in the Forces and used to live in my own home. Due to posting, I had to move out of the house and decided to rent it out. I had never declared...
View ArticleUnder 18 Tax
I am under 18 and will be earning £500,000 before tax text year. I want to know how I will declare the tax without a national insurence number.
View Articletax refund
hi everyone, just received a letter from hmrc after a 10 week wait, it states im due a refund of £600, it doesn't state when or how il receive this. it just says refund and calculations to follow, any...
View ArticleLoads of overtime and tax question
I've got loads of overtime for this month and my wage should be about £1149 before tax and NI is taken off. How do I calculate how much tax and NI will be taken off so I have an idea of how much I will...
View ArticleTax relief on Mobile Phone - PAYE
Hi all, I am just doing my self assessment (yawn!) and had a question. My employer paid my mobile phone bill, every month with my salary. The figure fluctuates depending on what I spend every month...
View ArticleOnline Tax Return: Capital allowances etc.
Hello Second year of running my own business - first year, I used an accountant to submit my tax return, this year, thought I would go it alone. I keep good records and am good at maths, but I do find...
View ArticleUnlock partners tax allowance or reduce amount payable?
I live with my partner and 2 children. We are not married. She is a stay at home mum. I make £35k a year. Is there a way to unlock her tax free allowance? It seems ridiculous that there is an unused...
View ArticleCGT reduction
Hi, I am looking for some advice on possible CGT reduction. A stock I invested in back in Feb has more than trebled so far and despite having a relatively small amount of money invested my gains are...
View ArticleCalculating income tax when you haven't had income for some months
I thought I knew how income tax is calculated but I'm confused how income tax is calculated when you are a higher rate tax payer and haven't worked the first few months of the tax year. I think it just...
View ArticleHMRC - How long to wait???
HMRC still haven't sorted out my OH's tax calculation for 2012/2013. He went on to SA due to the child benefit changes. He's had two wrong calculations and then it emerged that this is partly due to...
View ArticleCoding absurd!
My husband retired at the end of July. He is on a works pension. Today we received a notice of coding of D0 to be used against this source. Why? I can understand a D code against second and subsidiary...
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