Christopher Faulkner, Author at Exchange Accountants

New Data Protection Bill

The Government has published the long-awaited Data Protection Bill that will incorporate most of the provisions set out in the EU General Data Protection Regulation.

September 21, 2017 No Comments

Claiming for employment related expenses

If you are employed, and this will include most directors, you can claim for expenses that you have paid for personally, to be set against

September 19, 2017 No Comments

When is a replacement an improvement

We are often asked by landlord clients to clarify the difference between a replacement item of furniture, furnishing, household appliances or kitchen ware, and a

September 14, 2017 No Comments

Tax free dividend squeeze confirmed

The government reintroduced the remainder of the March budget last week, it’s the part that was held-over to accommodate the May 2017 general election. It

September 12, 2017 No Comments

30 hours free childcare for working parents

The Department for Education released the following press release last week regarding the new childcare support offer that commences from 1 September 2017. They said:

September 7, 2017 No Comments

VAT bad debt relief

If you use standard VAT accounting – pay VAT on sales when invoiced and claim back VAT on purchases when invoiced – you may have

September 5, 2017 No Comments

Beware self employed contributions trap

To qualify for the full, new State Pension you will need to have 35 years of contributions. At present, the self-employed pay Class 2 (a

September 5, 2017 No Comments

Common misconceptions about tax and letting property

HMRC has published a list of popular misconceptions that taxpayers have about letting property. We have listed below a summary of situations where you will

September 5, 2017 No Comments

Evidence of earning for mortgage purposes

If you are a client, and registered to submit a Self Assessment tax return, we can provide you with a statement that you can use

September 5, 2017 No Comments

Claiming back professional subscriptions

If your employment requires that you obtain and maintain membership of a professional organisation, you can make a claim to set the cost against your

September 5, 2017 No Comments

Tax Diary September / October 2017

1 September 2017 – Due date for Corporation Tax due for the year ended 30 November 2016. 19 September 2017 – PAYE and NIC deductions

September 5, 2017 No Comments

Self employed taxed on profits not drawings

We are often asked by self-employed clients to explain why their tax bills are high in proportion to the amount they withdraw from their business

August 31, 2017 No Comments

Pension scams

The government has proposed a wide-ranging ban to prevent pension scams. The consultation listed the sorts of phone conversations that the government intends to fall

August 30, 2017 No Comments

Where is my profit, it is not in the bank

This is a question we are regularly asked by clients. Usually, the conversation is triggered when we discuss the end of year accounts. Before we

August 23, 2017 No Comments

Rent a room at home tax free

On the face of it, the rent-a-room relief is straight forward: if your gross rents from letting are not more than £7,500 in the current

August 22, 2017 No Comments

BLOG

New Data Protection Bill

Claiming for employment related expenses

When is a replacement an improvement

Tax free dividend squeeze confirmed

30 hours free childcare for working parents

VAT bad debt relief

Beware self employed contributions trap

Common misconceptions about tax and letting property

Evidence of earning for mortgage purposes

Claiming back professional subscriptions

Tax Diary September / October 2017

Self employed taxed on profits not drawings

Pension scams

Where is my profit, it is not in the bank

Rent a room at home tax free

Useful Links

Follow Us

Contact Us