by Louie Callegari | Mar 20, 2023 | Business, HMRC, Tax
Trivial benefits are best described as small ‘token gifts’, given by management to their employees. Each tax year, directors can spend up to £300 in trivial benefits from the company account. This is tax free and constitutes a business expense and means that... 
by Louie Callegari | Mar 6, 2023 | Accountancy, Business, Tax, VAT
At Lee Coombes Accountancy, our tax advisor services are designed to give our clients in Swansea every opportunity to reinvest in their businesses, and invest in the future. Utilising a professional tax advisor ensures that you will be paying the correct amount of tax... 
by Louie Callegari | Dec 22, 2022 | Business, Finance, HMRC, Tax
A recent statement by HMRC has announced the postponement of the implementation of the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) changes until April 2026. Making Tax Digital for Income Tax Self-Assessment was slated for instatement in April 2024,... 
by Louie Callegari | Oct 25, 2022 | Accountancy, Tax
At Lee Coombes Accountancy, we have been instrumental in helping leading fin-tech company, Coconut, in the development of a cutting-edge digital accounting application aimed at sole traders. The app is designed to help sole traders streamline and simplify their... 
by Louie Callegari | Oct 24, 2022 | Accountancy, Tax, VAT
HM Revenue and Customs is alerting businesses to the fact that the grace period for its Making Tax Digital filing is coming to an end, and from Tuesday 1 November, you will no longer be able to use the existing Value Added Tax (VAT) online account to submit VAT... 
by Louie Callegari | Aug 17, 2022 | Accountancy, Tax
A Pay as You Earn (PAYE) number is a unique code given to employers to identify tax records with HMRC. Your tax reference number is used to contact HMRC about tax, and consists of three numbers followed by several numbers or letters in combination. The typical...