Category: Tax for doctors

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VAT in the Healthcare Industry

In the healthcare industry, there are some VAT related issues that can arise. Today we will be giving some guidance on VAT, this will be helpful for you as we will cover the important areas such as how you can account for VAT and when you need to register for VAT etc. Even if you are not in the medical industry, some of the … Read More VAT in the Healthcare Industry

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Mid-Year Tax Planning – Allowance Maximisation

Have you considered mid-year tax planning so that you can take action in time to maximise your allowances and save tax? Mid-year tax planning is around October and there is less than 6 months till 17/18 tax year ends. A lot of people overlook things during the tax year and do not take action which causes them to not take advantage of available allowances … Read More Mid-Year Tax Planning – Allowance Maximisation

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How Cloud Technology Has Changed the Way Accounting Services Are Delivered

The rising of cloud technology has replaced a lot of labour intensive work. The old way of accounting, which focuses only on number crunching tasks, is going to be replaced by technology. But the new breed of accounting profession will look to interest their clients with the cause and prevention of high tax bills. Cloud Accounting Most of us might have been through some … Read More How Cloud Technology Has Changed the Way Accounting Services Are Delivered

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Company Car or Personal Car? 3 Things You Need to Know About Company Cars

‘Shall I buy a car under a company or personal name?’ There have been a lot of questions around personal cars vs company cars, when you are a running a limited company. It is important to be aware of the different things to consider as in the end there are a number of tax consequences when you purchase a car under a company’s name. … Read More Company Car or Personal Car? 3 Things You Need to Know About Company Cars

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When and How to Claim Expenses on Travel and Subsistence

Travel and subsistence is a very simple expense but there is a lot to say about it. We will look at this in further detail and explain when you cannot claim this expense and when you can. There are also some tricks if you are running your own business to make the travel tax deductible. When You Can and Cannot Claim Travel and Subsistence … Read More When and How to Claim Expenses on Travel and Subsistence

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Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

Are you tired of working long hours to fund your tax bill? There are a lot of people who may feel as though they would need to work more shifts in order to fund their next tax bill, this is a short-term solution but it is tiring as well. When you are working seven days a week for a month you will have an … Read More Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

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Understand Your National Insurance Contributions

What is National Insurance and What is it Used For? National Insurance is one of the payroll deductions and a majority of people do have to face it at some degree. National Insurance is used to fund state benefits such as; state pension, maternity allowance and unemployment allowance. These deductions are indirectly benefiting you or benefiting you for the long-term. Who Needs to Pay … Read More Understand Your National Insurance Contributions