Self Assessment Tax Return

2018-19 Income Tax Changes

Many of the various tax rates and allowances change each April 6th, almost without being noticed. Here is a summary of this year’s changes to our Income Tax Allowances. Personal Allowance In…

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Self Assessment Tax Return

Sole Traders Should Act Now to Submit Their Tax Returns

With Christmas right around the corner, the last thing you want to be thinking about is your tax returns. After all, December is usually a time to wind down your workload before the end of the year,…

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Self Assessment Tax Return

Not submitted your 2015/16 Self Assessment Tax Return?

So you still haven’t submitted your 2015/16 Self Assessment Tax Return?  The deadline date for submitting your on-line self assessment tax return passed approximately six weeks ago, so If you…

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RemigiusUK

Our Services

Remigius Bookkeeping & Accountancy look after the accounting and taxation needs of many sole traders, by providing an all inclusive service for a small monthly fee. By working closely with our…

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Mileage Allowance Payment

Business Bicycle Mileage Allowance

It is a quite normal practice for employees to be reimbursed for business use of their own car/van or motorcycle. However, many businesses don’t know that they can offer their employees an HMRC…

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Uncategorized

Tips for setting yourself up as a sole trader with HRMC

If you have decided to work for yourself as a sole trader, here are some tips for setting yourself up with HMRC What is a sole trader? A sole trader is someone who runs their own business as an…

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VAT Scheme

What is the Annual Accounting VAT Scheme?

The Annual Accounting scheme enables VAT registered businesses to submit their VAT returns annually, rather than quarterly. The main features of the scheme are: Available for traders with an annual…

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VAT Scheme

What is the Flat Rate VAT Scheme?

The flat rate scheme is designed for small businesses with annual taxable turnover that doesn’t exceed £150,000 and whose annual total turnover (including income on which no VAT is paid)…

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Uncategorized

Vehicles and VAT

VAT Registered Businesses are not usually permitted to reclaim the VAT when they purchase a car, however they can reclaim the VAT if: – The car will be used exclusively for business purposes…

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VAT Scheme

What is the cash accounting VAT scheme?

Many VAT registered business owners use the standard Accrual Accounting Scheme for their Quarterly VAT Returns. However, they may not be aware that there are alternative VAT schemes that have been…

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