Some accounting tips
Don’t miss the filing deadline for your P11D form or you might get a penalty! A form P11D must be filed for every employee who has been provided with taxable benefits and/or expenses in the 2020/21 tax year which have not been payrolled or included in a PAYE settlement agreement.
A PAYE Settlement Agreement (PSA) enables an employer to meet the tax on certain benefits and expenses on the employee’s behalf. Do you need to amend or set up a PSA to take advantage of the Covid-19 exemptions available? Head to our blog to find out.
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in
Today’s blog covers the best ways to extract profits from a property company this tax year. If you need to utilise the profits outside of your property company it is wise to plan this in advance to make sure you are being as tax efficient as possible.
#Landlord #TaxPlanning #PropertyInvestor