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Payments on account on personal tax calculations
I am getting a lot of queries relating to what payments on account are on personal tax calculations, and especially, why they are there....
leoniecitron
Jan 23, 20241 min read
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Protecting your business name
You work hard over a number of years to build up your reputation and then somebody comes along and sets up a practice just round the...
leoniecitron
Aug 31, 20232 min read
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Choosing an accountant
This month I’d like to share with you an experience as relayed to me by a new client. This person, whom I shall call AB , attended a...
leoniecitron
Aug 31, 20232 min read
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Claiming premises against tax
The tax treatment of the acquisition of premises is totally different to the acquisition of equipment. The premises themselves do not...
leoniecitron
Aug 31, 20232 min read
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Migration to a company
These are the various steps you need to take moving from a sole trade or partnership into a corporate entity (be it limited or unlimited)...
leoniecitron
Aug 31, 20232 min read
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Loans and interest claims against tax
Many people borrow money to run their business. Often this is to fund working capital especially in the early days. Later on it might be...
leoniecitron
Aug 31, 20231 min read
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Child Benefits and Child Benefit Tax Charge
This Tax Charge - note that they are not actually calling it a tax - impacts on anyone who (a) earns more than £50,000 and (b) their...
leoniecitron
Aug 31, 20232 min read
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Standing Orders
This month I am focusing on an area where I get a lot of queries, which is where you set up a standing order to spread the cost of my...
leoniecitron
Jun 26, 20232 min read
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MSK practitioners - claiming expenses against tax
I am frequently asked the question, “What can I claim against tax?” The legislative reply is “Any expenditure incurred wholly and...
leoniecitron
Jun 26, 20233 min read
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Can I claim my own treatment?
Historically this has been definitely not allowed along the following logic lines: Do you derive any personal benefit from the...
leoniecitron
Jun 26, 20232 min read
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Buying or selling a clinic
More and more often I am seeing an interesting occurrence with people selling their clinics for reasons other than relocation or...
leoniecitron
Jun 26, 20235 min read
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Pension contributions and pension carry forward rules
You are limited each year to total pension contributions of the lower of £40,000 or 100% of your income; in this context, income excludes...
leoniecitron
Apr 4, 20232 min read
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Hammock - This will be of interest to people with rental properties
I have recently come across a really nice piece of software for managing property portfolios. It is called Hammock...
leoniecitron
Apr 4, 20232 min read
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