How To Simplify Accounting For Home Office Costs

Small Businesses are entitled to claim back expenses incurred such as heat, water and mortgage interest as result of using their home as an office. However, what exactly do HMRC deem as “reasonable” or “allowable”?

Adopting the simplified flat rate deduction basis for home office costs can make things a lot easier and tax efficient for businesses.

2016 – 2017 RATES
£10 a month for 25 or more hours.
£18 a month for 51 or more hours.
£26 a month for 101 or more hours.

Pension Auto Enrolement

Every employer with a least one member of staff will be required by law to provide a workplace pension in due course, if their employees meet the qualifying criteria.

Over 5 million people are already benefiting from a workplace pension and saving for their retirement.

If you work for a small business, even if it’s just you and your boss, you could benefit from a workplace pension. In the next few years, your employer will have to offer you one by law. And when you pay in, your boss pays in too. Don’t ignore the Workplace Pension and join the many others that are already benefiting.

Submit Your Self Assessment Return On Time

Did you know that even if you have no liability or tax due from your self assessment return you will still be immediately liable for a £100 fine.

Online returns must be submitted by 31 January.

In addition to the £100 automatic fines, daily fines of £10 per day will be accrued if your return is still outstanding after 3 months. A maximum of £900 could become payable.

We offer self assessment tax returns from  £50-200 so don't delay if you are struggling and need help. No job is too big or small.

Contact us now and we can submit your return for you on time and you can relax knowing its done. Check our contact details page for ways to get in touch.