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If you live in Orpington, Bromley, Kent and London we can prepare your personal tax return on your behalf and advise on the appropriate payments on account to make. If there is an enquiry into your tax return, we will…
If you live in Orpington, Bromley, Kent and London we can prepare your personal tax return on your behalf and advise on the appropriate payments on account to make. If there is an enquiry into your tax return, we will…
You are required to keep records of income, expenditure and reliefs claimed. On the income side this means the taxpayer has to keep the documentation given by the person making the payment. In regard of expenses, records are required to…
HMRC may enquire into any tax return by giving a written notice. Usually the time limit for HMRC to issue a notice is 12 months from the filing date. If HMRC does not enquire into a return, it will be…
Please find below the late filing penalties that apply to personal tax returns: £100* penalty immediately after the due date for filing (this penalty is applied even if there is no tax to pay, or the tax due has already…
We summarise below the self assessment rules, penalties and interest charged for failing to comply with your obligations. If you live in Orpington, Bromley, Kent and London we, at Adiva Accountants in Orpington, can prepare your tax return and advise…
Do: think of your investment as medium to long-termn do your sums carefullyn research the local marketn consider decorating to a high standard to attract tenants quickly Don't: purchase anything with serious maintenance problems think that friends and relatives can…
There are three requirements for subcontractors to be paid gross. They include a business test, a turnover test and a compliance test. To qualify for gross payment a subcontractor must: have paid their tax and National Insurance on time in…
Please do get in touch if you would like further information about the Construction Industry Scheme (CIS). Whether you are a contractor or a subcontractor, at Adiva Accountants in London we can advise on the CIS for your business in…
Many people invest in property with the expectation of capital growth. They expect that the rental income from tenants will cover the mortgage costs and any outgoings. If you live in Croydon, Kent and London we, at Adiva Accountants in…
In the coming years, the amount of income tax relief landlords can get on residential property finance costs will be restricted to the basic rate of income tax. Finance costs include mortgage interest, interest on loans to buy furnishings, and…