Limited Company Tax Guide

A Limited Company Tax Guide: Everything You Need To Know

A Limited Company Tax Guide: Everything You Need To Know

As a limited company, you are formally incorporated with Companies House and your tax structure changes entirely.

These changes could be confusing if you recently transitioned away from self-employment or another type of work that blended your personal and business interests.

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Car Fuel Benefit Guide

Our Guide To Company Car Tax And Car Fuel Benefit

Our Guide To Company Car Tax And Car Fuel Benefit

Company cars are a great perk, but they also come with obligations to HMRC. If you provide or receive a company car, you need to report any vehicles used on private journeys, the fuel used on those journeys, and any adaptations made for employees with disabilities.

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Making Tax Digital For VAT Registered Businesses

Making Tax Digital For VAT Registered Businesses

Making Tax Digital For VAT Registered Businesses

Making Tax Digital (MTD), the new scheme from HMRC, which requires VAT-registered businesses to use a digital system to file their taxes, is now up and running.

All businesses with a turnover which is above the VAT threshold (£85,000 in 2019) are required to keep digital records for VAT and use compatible software to give their records to HMRC.

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The Most Tax Efficient Way To Pay Yourself

The Most Tax Efficient Way To Pay Yourself

The Most Tax Efficient Way To Pay Yourself

When you are running your own business, there are many things that you need to keep in mind and many different factors to focus on. One of the key ones is how you can extract profits from the business in the most tax-efficient way.

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Help With Late Tax Returns

Help With Late Tax Returns

Help With Late Tax Returns

Here at Three Kings Accounting, we cannot stress enough the importance of submitting your tax returns to HMRC on time. Many people aren’t fully aware of the implications of failing to do so by the deadline and so usually need help with late tax returns.

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Do Your Own Tax Return Or Hire An Accountant

Should You Do Your Own Tax Return Or Hire An Accountant?

Should You Do Your Own Tax Return Or Hire An Accountant?

The 2018/19 tax year has just ended, which means you can now file your tax return online via the HMRC website. But, is this something that you should do yourself or should you hire an accountant?

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When Is The Earliest You Can File Taxes 2018

When Is The Earliest You Can File Taxes In 2019?

When Is The Earliest You Can File Taxes 2019?

Are you wondering when is the earliest you can file taxes in 2019? The majority of people in the UK pay income tax through the PAYE system. If you’re employed, a portion of your salary will be taxed, and your tax contributions will usually be deducted from your monthly wage packet.

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What You Need To Know About Making Tax Digital

What You Need To Know About Making Tax Digital

What You Need To Know About Making Tax Digital

The UK government is making tax digital. From 2019, if you manage a VAT-registered company, and you have a turnover of more than £85,000 per year, you will be required to keep digital records and submit returns created using software that is compatible with Making Tax Digital (also known as MTD).

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UK Tax Codes For New Employees

A Guide To UK Tax Codes For New Employees

A Guide To UK Tax Codes For New Employees

When a new employee is hired, they will need a tax code. However, the tax code for the new employee will depend on whether or not a valid P45 has been handed to the new employer.

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How To Register As Self Employed

How To Register As Self-Employed

How To Register As Self-Employed

If you’re carrying out work or earning money independently (i.e. not as an employee), you need to register as self-employed. You could be a plumber or electrician, someone who sells on eBay or Etsy, or a virtual assistant.

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