Harnett Accontants

Tag: accountants in kensington

  • Our Accountants Twickenham Say Yes To Claiming Your Linkedin Subscription As A Company Expense

    Tax Insights

    Our Accountants Twickenham Say Yes To Claiming Your Linkedin Subscription As A Company Expense

    The social/business networking site Linkedin is a great way for companies/businesses to generate work and socialise with potential co-workers. Recently have received several queries about whether this and similar business networking site’s subscription fees are a tax allowable expense for their company.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    We at were more than happy to inform them that Linkedin’s subscription fee was in fact a Tax allowable expense, along with any other expense spent to generate work for your business. We do advise however, that when using Linkedin, if you subscribe in your name rather than the name of your company, the company would be paying your personal subscription fee and so it may be regarded as payment in kind.

    Furthermore, as Linkedin doesn’t appear on the list of approved professional organisations whose subscriptions are tax allowable for employees, the Taxman will argue that there should be a personal tax charge. So it’s necessary for you to prove that there is only a business purpose to your subscription before making your claim.

    Don’t forget that offer a free hour no obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants In Twickenham Answer Your Questions On Capital Gains Tax

    Tax Insights

    Harnett Accountants In Twickenham Answer Your Questions On Capital Gains Tax

    Harnett Accountants in Twickenham were asked by one of our clients whether he would still get the lower 10% rate of capital gains tax on any profit he made on the sale of his furnished holiday letting property, even though it hadn’t been let for 2 years.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    were more than happy to inform him that he could. As long as any property is sold within three years of the date the holiday lettings business ceased you will qualify for entrepreneur’s relief on the gain. This relief gives you the lower 10% rate of CGT after deduction of your annual exemption, for gains of up to £10 million per person.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with capital gains tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Harnett Accountants In Twickenham: The New Workplace Pensions Cost

    Tax Insights

    Harnett Accountants In Twickenham: The New Workplace Pensions Cost

    Harnett Accountants in Twickenham are here to tell you that a compulsory pension scheme for all employees is to be introduced over four years from October 2012.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    The largest employers (120,000 or more employees) will be forced to sign up first. Those who employ less than 50 workers will be required to take part in the scheme from a date sometime in 2014 to 2016, depending on their PAYE reference number. Only one-man companies, workers aged under 22, over state retirement age or those paid less than £7,475 will be exempt from the scheme. If employees want to opt out they have to make an active decision to do so and sign a form. The employer will not be permitted to induce employees to opt out, or to screen out potential employees who do not wish to opt out of the pension scheme.

    Employers and employees will be required to make contributions to the pension scheme totalling 8% of the workers earnings, including tax relief given on the employees’ contributions. The employer must contribute at least 3% of the workers’ earnings. This level of compulsory contributions will be imposed gradually over five years to 2017.

    Employers can still use an existing pension scheme, set up a new one, or use the new low cost Government pension scheme, NEST (National Employment Savings Trust). If using an existing scheme the employer will have to certify that it meets all the requirements of the compulsory pension saving scheme and register with the pensions regulator.

    Harnett Accountants in Twickenham advice that you talk to your pension scheme provider to prepare for these new regulations, alternatively, we offer a free hour no obligation consultation. You can also .

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with pension and retirement planning?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • From Your Accountants In Twickenham – Companies House Reminder Scheme

    Accountancy

    From Your Accountants In Twickenham – Companies House Reminder Scheme

    Your helpful Accountants in Twickenham here with another great business tip.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    Did you know there’s an email reminder service for your company or LLP at Companies House. Once you have registered you will receive timely emails to remind you of the due dates to submit the annual return and accounts for your business, and paper reminders will cease.

    Up to four email addresses can be registered for each business. Each email address nominated will receive an activation email which must be acted upon within five days.

    Remember that offer a free hour no obligation consultation and can be followed on Facebook, Twitter and .And keep coming back for our daily blogs and, very soon, video tips from Damien Harnett founder of Harnett Accountants.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with VAT returns and compliance?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Buying A Commerical Property? Here’s Another Useful Tip From Our Accoutants In Twickenham

    Accountancy

    Buying A Commerical Property? Here’s Another Useful Tip From Our Accoutants In Twickenham

    Here is another useful tip for business owners from our accountants in Twickenham. If you’re buying a building, you generally won’t have to pay any VAT. However, there are many exceptions to this.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    A person who holds an interest in a building (freehold or leasehold) can opt to tax the building, such that income from selling or letting the building is subject to VAT. If you purchase a building and the purchase price includes VAT, you do not have to opt to tax that building.

    Consider Ali who owns a VAT registered car repair business. He purchases a new commercial unit for £200,000 plus VAT of £40,000. The unit is used entirely for the car repair business, so Ali can reclaim the VAT of £40,000 in the same way he reclaims VAT on other purchases.

    Ali does not have to opt to tax the unit to reclaim that VAT. In a few years Ali may want to sub-let the unit, in which case the rent will be exempt from VAT. This will make Ali’s business partially exempt, which may mean he cannot reclaim all the VAT charged on his purchases. In that situation Ali may choose to opt to tax the building so the rent must have VAT added.

    Practical Tips

    Check back regularly for more useful tips and advice from our expert team.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with VAT returns and compliance?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Another Valuable Tip From Our Accountants In Twickenham, Travel Expenses

    Accountancy

    Another Valuable Tip From Our Accountants In Twickenham, Travel Expenses

    Today, another valuable tip from Harnett Accountants in Twickenham. The approved tax free mileage rate for 2011/2012 was 45p per mile for the first 10,000 business miles. However, did you know that this rate only applies per separate employment. So if you worked for Company A and drove for 8,000 miles, and then worked for company B and drove 5,000 miles, all of your miles would be deductible under the 45p approved rate, even though you would have driven more than 10,000 miles in total.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    So if your employers have given you 40p per mile for travel expenses, you are entitled to claim back an extra £650 (5px13000 miles). Come back soon for even more useful tax saving tips and advice.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with allowable business expenses?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • More Tax Saving Tips For Business Owners From Our Expert Accountants In Twickenham

    Accountancy

    More Tax Saving Tips For Business Owners From Our Expert Accountants In Twickenham

    As a business owner, you need to be able to extract funds from your business in the most efficient way. If you extract all available funds each year in the form of a salary, you may be paying more tax than is necessary. Business owners should consider paying themselves, and maybe other shareholders too, in the form of a dividend.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    Other ways to extract funds from your business are bonuses and rent. By getting the right mix of salary, dividends and bonuses, you could make considerable tax savings. Contact our expert team of accountants in Twickenham and we can help you to manage your finances in the most tax efficient way.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
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    Need help with dividend tax planning?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • The Importance Of Working Capital Management, Another Great Tip From Our Expert Accountants In Twickenham

    Accountancy

    The Importance Of Working Capital Management, Another Great Tip From Our Expert Accountants In Twickenham

    Over-trading is one of the leading causes of failure for otherwise strong and profitable businesses, especially in the first five years of trading. Over-trading arises when a business underestimates the amount of working capital it needs to keep trading. If you run a business that works on a credit basis, and your clients and other debtors are slow to repay you, then you may find that you don’t have enough cash available to meet short term capital demands.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    When a business runs out of working capital, creditors such as banks and suppliers can no longer be paid, and the situation can quickly spiral out of control. Given the current financial climate, efficient management of working capital has never been more crucial, particularly for small and medium sized businesses that find it hard to obtain long extensions on their credit agreements, and may not be able to afford expensive credit management services.

    So Pay close attention to your working capital reserves, and make sure that you keep enough cash available to meet all of your short term needs. And just as importantly, look closely at your credit management facility, and make sure that your debtors pay promptly. For more help and advice, please contact our dedicated team of accountants.

    Don’t forget that offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Going Green To Cut Your Taxes, Another Helpful Tip From Our Accountants In Twickenham

    Accountancy

    Going Green To Cut Your Taxes, Another Helpful Tip From Our Accountants In Twickenham

    You may already be aware that you can claim capital allowances on assets purchased such as plant, machinery, and vehicles. This gives you tax relief from the reduction in value of assets by writing off their cost against the taxable income of your business. So, make sure that you claim for capital allowance for any business assets that you purchase.

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    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    However, you may not have been aware that you can also claim extra tax relief on your assets if they are environmentally friendly. You could save even more on your tax bills by buying low CO2 emission cars, and environmentally friendly machinery and equipment for your business.

    To find out more about this fantastic way of cutting your tax bills, contact our expert team of accountants. also offer a free one hour, no-obligation consultation for all clients and you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with accounting and tax?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.

  • Advice To Save On Your Tax Bills From

    Accountancy

    Advice To Save On Your Tax Bills From

    Take a look at this great new video tip from Harnett accountants, designed to help save you money on your tax bills. Today’s tip covers pensions, and how you can get the most out of your pension fund. If you’re looking for accountants richmond, Harnett accountants can give you expert advice to help your business to run in the most tax efficient way possible.

    💡
    Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

    Key Considerations

    For more information, please contact us and we will arrange a one hour no obligation consultation to discuss all of your accounting and financial planning needs. Also you can . Additionally, you can keep reading our daily blogs.

    📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
    📞
    Need help with pension and retirement planning?
    Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.