Category Archives: Tax services

Have YOU thought about renting out, your driveway?

Home owners and driveway rentals, Landlords & tenants, Profit and loss accounts, Property Auctions, Self employed, Tax services, ,

If, you have thought about renting out your driveway did you know that the income, you receive from that is taxable income.

That means you need to declare those earnings to HMRC.

You can do this as easy as phoning them, so they can ensure you are in the system which will soon cut over into Making Tax digital and you would fall into one of the first groups to be cut over into the new system.

Before you consider renting out your space think about the following:

Making a written contract ensure it sets out who is responsible for what and when and consider making sure you are not responsible for the vehicle.

Notify the neighbours

Make sure the council are not trying to issue with a planning application fee.

If you are taking on a long term agreement make sure you can provide what they need, a deposit or if you can’t think twice about entering into the arrangement in the first place.

If you wish to discuss anything about this with us we can be reached on our email at info@virtualtaxuk.com or call Jane on 07801 287 213

Helping YOU keep your business on track

Accountant, Business structure, Cis, Construction Industry Scheme Cis, Self Assessment & Tax Returns, Self employed, Tax services, Taxation & Self Employment, UK Tax Self Assessment, Uncategorized, Vat returns, , ,

When it comes to keeping your business numbers in order, it’s often an afterthought – until you run out of cash in the bank.  Even if your bank balance is in the black how much thought do you give to reaching specific financial targets each month?

As a small business it’s often difficult to put time aside to focus on this when you’re so busy running and trying to keep all the balls in the air.  However, understanding what the numbers in your business are telling you can be an enormous help to growing a seriously profitable business. Look at it as making money and keeping it, rather than scraping by or always surprised when you get big bills to pay.  Financial challenges don’t go away if you ignore them – they just get bigger and scarier!

With my help to focus on what numbers you need to know, what you need to watch and what you need to take action on, you’ll find it will all get a lot easier.  You’ll know what to do to stay on track to that profitable future you had in mind when you started out in business

If you’d rather do anything than plod through your self-assessment forms or want to make sure your business tax demands don’t leave you open to penalties, you’re in exactly the right place.

Don’t wait until things get really tough!

Run your business & focus on growth!!!

Accountant, Book kepping, Business structure, Commercial property, Corporation Tax, Income & Investments, Landlords & Rental Income, Landlords & tenants, Partnerships, Professional services, Self employed, Tax services, Tax specialists, Taxation & Self Employment, Vat returns, Who needs to file a Self Assessment Tax Return?, , , , ,

Getting your tax sorted so that you can run your business and focus on growth is what Virtual Tax UK specialise in.

If you’d rather do anything than plod through your self-assessment forms or want to make sure your business tax demands don’t leave you open to penalties, you’re in exactly the right place.

What you get when you come to Virtual Tax UK is:  

  • A thorough understanding of what is required so you don’t get fined.
  • A very personal service based on what you need, no matter how much or little support you need in getting your tax sorted out.
  • Hands on guidance to get you organized and make your accounts simpler to manage in future.
  • Claim what you are entitled to.

Whether you want some help with the basics of Self-Assessment or you have a business that needs to comply with the current legislation you’ll get just what you need. This leaves you free to get on with what you do best – running your business and focusing on growth.

You can be sure that you’ll get a bespoke service that will ensure your financial affairs are in order so that you sleep easy at night. You can find out more about how we can be of assistance by contacting us

Mb: 07801 287 213 or Email: info@virtualtaxuk.com or visit our Website: www virtualtaxuk.com

 

Happy New year from your flexible tax expert!