Comments for Tax Blogger

Comment on Festivals and sporting events by maggie

maggie — Sat, 20 Sep 2008 17:32:52 +0000

I love your site. I am just getting into accounting and finance and trawling through the web trying to find great sites. Yours is definitely a great site. Thanks for the great discussion and interesting writings. I am trying to find some other sites similar to the introduction to financial ratios section at http://www.thefinanceowl.com . Can anybody recommend anything?
Yours Maggie

Comment on IR35 case - Dragonfly by Richard

Richard — Mon, 04 Aug 2008 15:15:05 +0000

I’d like to see any employment where the pay rates are significantly reduced during ‘employment’ and the ‘employee’ receives no holiday pay or sick pay. But then, perhaps, the Government are about to alter employment laws!

Comment on Bar Stool Economics - Taxes Explained by Keiron

Keiron — Mon, 04 Feb 2008 09:37:23 +0000

That’s brilliant!!

Comment on Expenses for PAYE employees by Administrator

Administrator — Fri, 04 Jan 2008 11:41:09 +0000

The golden rule is the cost must be incurred wholly, exc.usively and necessarily for the purposes of the job. So, if you have to entertain customers, suppliers etc by taking them out to lunch every now and again you can claim this back (don’t expect the employer to get a tax deduction if they reimbusre the cost though).

Again, if you need to keep some technical knowledge up to date for the purposes of your employment you can claim for this type of training..

Comment on Travel & subsistence claims by Administrator

Administrator — Fri, 04 Jan 2008 11:35:07 +0000

It is only possible to claim a round sum allowance if this has been agreed in advance with the Taxman (which he is not guaranteed to do!).

Sometimes you cannot get receipts, e.g. from a drinks vending machine but if you keep good records of how much you spent and when and it all looks reasonable you should be okay. Obviously, keep receipts wherever possible though.

Comment on Capital expenditure - new rules by Administrator

Administrator — Wed, 19 Sep 2007 19:10:19 +0000

Unfortunately, not. Cars are one of the few exceptions but it does cover all plant and machinery and computer equipment. Please note all we have is general guidance notes at this time - detailed legislation should be available nearer the date of introduction.

Comment on Capital expenditure - new rules by Mark

Mark — Wed, 19 Sep 2007 16:05:05 +0000

Would this apply to company cars?

Comment on Travel & subsistence claims by debs

debs — Tue, 28 Aug 2007 17:09:31 +0000

how does this affect you if you are tax registered? also can you claim a flat rate? or does everything need individual receipts (not always possible).

Comment on Travel & subsistence claims by Jay

Jay — Mon, 30 Jul 2007 20:52:33 +0000

That’s good news. I’m a performer and in my business it’s very common to get perdiems when I travel. Often i have to pay for food and lodging out of my own fee. I always keep receipts, however is it possible to claim a blanket daily perdiem (subsistence) rate on my self assessment rather than keep every little receipt?

Comment on Offshore bank accounts by mike

mike — Wed, 06 Jun 2007 15:43:03 +0000

Because these so called Offshore banks are also onshore, this reporting their customers has come about. I have found a very interesting site on general offshore information http://www.offshorebusinessportal.com and another about a really private banking solution http://www.firstglobaltreasury.com I hope this is useful to other bloggers.