Category Archives: Who needs to file a Self Assessment Tax Return?

self employed, partners, company directors, landlords, letting income, foreign income,

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!

Starting a business- speak to Virtual Tax

Business start ups and advice, Professional services, Self employed, Who needs to file a Self Assessment Tax Return?, , , ,

Starting a business can be very exciting and thrilling. Investing in the right advice from the beginning can save you a lot of heart ache down the line.But it’s important to speak to the right people when t come’s to structuring a new venture. The local man in the pub will not do.

When people start a business they can be very consumed at how wonderful their idea is and abdicate in finding out whether ot not there is a market for what they are offering.

If there is a market for what is on offer then the likely hood of it becoming a success is a fine one. Many people today start businesses without understanding the value in taking the right advise from day one. There is value in paying your tax adviser or person who does the number crunching who is experienced in their field to ask those ever important questions that have not yet even crossed your mind.

So here are a few tips to consider

Did you know that advertising your business venture on face book without first registering with HM Revenue & Customs can lead to a lot of problems.

Renting a room from someone on the high street already under a lease with their land lord requires them to check and prove that they have the provision of sub letting built into their contract/ lease.

What research have you undertaken to prove your venture is a viable one and has potential?

Here we have your best interest at heart will ask those uncomfortable questions, why. because we want to make sure you have done your homework and wish to see you be a success at what you love to do…..

If, this makes sense to you and you can see the benefit in acquiring the right information feel free to call us on Mb: 07801 287 213 to see how we can help you best!

Tax Tips Renting out your own car space- taxable or non taxable?

Accountant, Book kepping, Business structure, H M Revenue & Customs, Legal documents, Professional services, Rental accounts, Self Assessment & Tax Returns, Self Assessment-uk, Self employed, Taxation & Self Employment, UK Tax Self Assessment, Uncategorized, Who needs to file a Self Assessment Tax Return?, , , , , , ,

TAX TIPs

How many of you who have rented out your own car park space knew the consequences?

Did you know that renting out your own car space and receiving income from that source is deemed as taxable income, even if that means that by doing so you have to rent a space yourself.

Renting out your own car park space on your own driveway means you are responsible for declaring that income on your own personal self assessment tax return when you file it to  H M Revenue and Customs. The entries should be made on the Land & Property pages

Remember to consider that should you enter into this type of arrangement make sure you prepare a contract and include a break clause in case the situation changes.

Considering leasing space.

Accountant, Business start ups and advice, Business structure, Self Assessment & Tax Returns, Self employed, Taxation & Self Employment, Who needs to file a Self Assessment Tax Return?, , ,

Here are some thought and considerations on what questions you maywish to ask before it’s too late.

Consider that they have in their lease writen in their terms and conditions that they are able to sub let before they are in breach of contract.

Read the small print

I wish I had read all the terms

For new businesses consider building in to your agreement a break clause after say 6 months.

This protects both parties as not all businesses fly straight away. Life has a terrible way of bringing about unexpected changes. One can always re negotiate.

Consider terms of payment for rent and requires agreement from both parties concerned. Make sure you obtain a receipt for rent paid if it is cash as it will be required by your accountant for your year end accounts. A petty cash receipt should be sufficient.

Is your rent for space inclusive or light, heat and rates?

Remember information is free, advice is paid for

If some of these questions startto ring a bell in your ear and you are thinking of starting a business and wish an appointment to see how I can help you and save you money, please contact me on 07801 287 213. or email me on infor@virtualtaxuk.com. Fees to structure your business apply.

Write the script

Business start ups and advice, Business structure, Rental accounts, Self employed, Tax filing dead lines, UK Tax Self Assessment, Who needs to file a Self Assessment Tax Return?, , , ,

Write a script for your business for your customers write it for you.

For all the clients who have invested in understanding the importance of how and why they are required to be really clear in what they are offering others and what they are not offering others are doing very well in this difficult climate.

The reason, well it’s very simple if you are not clear then the customers will inform you and that is no basis of any successful business.

 

Local Self Assessment Expert

Accountant, Book kepping, Business start ups and advice, Business structure, H M R C Investigations, Professional services, Rental accounts, Self Assessment-uk, Self employed, Tax filing dead lines, UK Tax Self Assessment, Who needs to file a Self Assessment Tax Return?, , , , ,

So, why choose me, Jane Cooper ? That’s simple, because I am an expert in Self assessment and because of my back ground, experience, and knowledge.
Thirty years ago, I worked for H M Revenue & Customs, until the self assessment program was launched in 1995. At that time, I had acquired my training in self assessment just as the program went live to the public. I was head hunted by an accountant for his private practice.
In that, I set up a self assessment program from scratch, with 13years tax returns filed without penalties due to firm, whilst, I developed and maintained strong client relationships. Through out that time, I set up simple systems that worked, met the needs of the owner, HM Revenue & Customs, but more importantly, the needs of the clients.

Jane Cooper

Accountant, Book kepping, H M Revenue & Customs, Landlords & Rental Income, Rental accounts, Self Assessment & Tax Returns, Self Assessment-uk, Self employed, Tax filing dead lines, Taxation & Self Employment, Who needs to file a Self Assessment Tax Return?, , , , ,

Hello I am Jane Cooper, the owner and professional expert on Self assessment. My role is to educate and provide you with a service and solutions to filing your tax return to H M Revenue and Customs on line and on time. Pay the correct amount of tax and not a penny more, calculate what tax is due, how to pay and when to pay it.
Unless you understand the Self assessment system, put the right details on your tax return, and file on time, you leave yourself open to a huge amount of unnecessary problems and penalties that have the potential to cost you where it hurts – in you pocket.
I provide solutions so that it does not happen to you!