Fixed Fee Accounting

Fixed pricing

We offer transparent fixed fee packages that are simple and straightforward but still tailored to suit the specific needs of your business.

Find out More

Services for Business

Service for business

Whether you are owner managed or an overseas company starting up in the UK, Tuchbands have the tools to help your business grow.

Find out More

Services for Individuals

Services for individuals

Everyone at one time or another feels they are paying too much tax, so our aim is to help you keep more of your hard earned money.

Find out More

Specialist Sectors

Specialist Sector

At Tuchbands you’re getting a business partner with 40 years experience that understands your business, and speaks your language.

Find out More

News, Views & Advice

Useful HMRC Links

There is a wealth of useful information available for individuals and companies from HM Revenue & Customs (HMRC) but it can sometimes be complicated navigating your way around their huge website. So here are some of the links that you may find most useful if you are looking to make the most of tax-free benefits, allowances and other ways of saving tax. And to ensure that you have fulfilled all your tax obligations:

  • Company Cars – there is a tax charge for employees and directors when they are supplied with a car for private use. There is also an additional charge if fuel is supplied for private use. HMRC provides detailed guidance for both employers and employees.

  • Claim allowances and reliefs – Employees and company directors, are entitled to some tax deductible expenses that might be incurred as part of their employment. For example professional fees, travel and subsistence, tools or other specialist equipment.

  • Check you have the right tax code on the HMRC website. Whether you are paying too much income tax or too little it is better to get you tax affairs in order as soon as possible.

  • Starting a limited company – When you start up a new company you will need to know about your corporation tax obligations. You will also need to inform HMRC if you own a dormant limited company that begins trading. This useful guide explains what you need to do and when.

  • Paying tax when you rent out a property – you can claim costs to reduce the amount of tax you have to pay on the profits of a rented property but be aware that there are different tax rules for residential properties, furnished holiday lettings and commercial properties. Allowable expenses do not include costs for renovating a property but do include repairs and wear and tear. Allowable expenses also include costs such as:
      • letting agents’ fees
      • legal fees (in some circumstances)
      • buildings and contents insurance
      • interest on any mortgage payments
      • service charges

  • How and when to register for VAT – a useful guide if you do not know whether to register for VAT. It explains when you do not need to register as well as when you must register, and also covers the benefits of voluntary registration. For companies that do business both in the UK and internationally.

 

Read More

Client Feedback

quote mark

N Taaffe

We have always greatly valued the personal touch that we experience when dealing with Tuchbands. Any queries are dealt with in a professional yet friendly fashion and we leave our day to day accounts in their hands with full confidence that they will be handled promptly and efficiently.

Read More Testimonials