Welcome to the AccoTax Help Centre
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General Information
Can a Minor be a Shareholder?
Can a Minor be Shareholder? The answer to the question can a minor be a shareholder of a company is Yes, a Minor can be
Can a P.O. Box be Used for the Registered Office Address?
Can a P.O. Box be used for the registered office address? Yes, provided the full physical address is given including the postcode.
Can Company Reimburse me All the Expenses Associated with the Flat?
I work as a consultant through my own company based in Surrey. I have just secured a contract in Manchester, which is expected to last
Can I Claim Anything Extra on my Tax Return?
Until 31 May 2011 I was employed as loss adjuster for company A, and I drove 4,400 business miles in my own car for that
Can I Employee my Wife? Partner or Family Members in Business
Involving your Family As long as it can be justified commercially, you can employ family members in your business. They can be remunerated with a
Can I Set Losses Against the Profits Made on Letting the Properties?
My family has invested in rental properties over a number of years. Some properties are held in my name alone, others are owned jointly with
Can I Transfer Money from my Company’s Account to my Own?
The interest rates available on personal deposit accounts are much higher than those for business deposit accounts. Can I withdraw money from my company’s account
Can Inherited Property be Diverted According to Intestacy Law ?
My Uncle has recently died and my elderly father inherited the entire estate of about £400,000 under the intestacy laws, as there was no Will.
Can Our Two Director’s Accounts be Merged for Tax Purposes?
Our company is owned jointly by myself and my wife, and we are both directors of the company. I do most of the work and
Car Fuel and Mileage Allowance
Tax is chargeable on the cash equivalent of the benefit of the provision of free fuel for private motoring in a company car. If the
Cash Basis Accounting Scheme
Many small, unincorporated businesses choose to use the ‘cash basis’ for working out taxable income. Under this method, participants will be taxed on the basis
Claim Capital Investment Allowance – Super-Deduction
My fellow partners and I are looking to undertake some capital investment in order to expand our business activities. However, as we have left this
Class 2 NIC & Class 4 NIC changes
Question: I understand that Class 2 NIC is finally being abolished from 6 April 2019. This means that those of my self-employed clients with losses
Deemed Payment from Umbrella Company (IR35)
Where income received has been subject to tax and National Insurance Contributions in accordance with the off-payroll working in the public sector rules, applicable from
Depreciation on Property
Question: Can You Depreciate Investment Property? Or Property Bought by Landlords Under the Limited Company? Answer: No Depreciation will be charged on the investment
Digital Platform Rules: New Guidance Ahead of First Report Deadline
In four months’ time, the first reports are due for compliance with the new Digital Platform Reporting rules. The regime, introduced on 1 January this
Disclosure of Tax Avoidance Schemes
The changes from 1 January 2018 and penalties for non-compliance For a number of years, there have been rules governing the disclosure of tax avoidance
Do I have to Pay UK tax on the Pay-Out?
I left London on 5 May 2010 to work full time for a Danish company in Copenhagen. My own UK-based company ceased at that time,
Do I Need to Fill in a Tax Return?
You’ll need to fill in a tax return and send if any of the following apply, in the last tax year: you were self-employed –
Does an Employee Loan Always Need Reporting to HMRC?
Employee loans are an area where businesses often get confused. The first thing many owners will think of is the temporary corporation tax charge under