The most valuable part of our life is time. In the present day rhythm, it is so important to keep up always and everywhere. We understand why perfectly, so we suggest you never to postpone important trips ?for later?, but to dial the Nikolaev taxi number and become in the proper place at the proper time.
Our service Nikolaev taxi is really a city carrier that offers you its cars around the clock. Among our main advantages is really a wide price range. It is possible to order a comfortable VIP-class car or save your valuable budget by hitting the road on an inexpensive economy option.
You will be content with the caliber of services, because our taxi employs experienced drivers and polite dispatchers. Your order will undoubtedly be accepted accurately, a clean car with a heater, air conditioning, no cigarette odor will be quickly delivered to you, and safely sent to your destination.
Taxi Running Costs
When completing the self assessment tax return taxi drivers should enter fuel prices in box 3.46 cost of sales not motoring expenses. A standard check completed by any competent inland revenue inspector enquiring right into a self assessment tax return would be to check when the taxi driver was on christmas and examine if fuel receipts had been included for this period.
Not many taxation statements are enquired into because the system is situated upon trust but taxi drivers should ensure their accounts usually do not contain this fundamental tax fiddle. Taxi running costs likewise incorporate repairs, servicing and parts including tyres, road tax, taxi insurance and AA/RAC membership. Include radio hire and taxi office costs in general administrative expenses.
Household expenses
In the event that you run your taxi business from home you can claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses will tend to be disallowed unless they’re either specific to the business enterprise or a specific section of your property is devoted entirely to your taxi business. Using part of a room part time wouldn’t normally be sufficient to include family members expenses in the taxi driver accounts.
Spouse Costs
It is possible to claim expenses for partners who work for your taxi business and payments around 100 pounds per week would not attract tax or national insurance however any payments claimed in the taxi driver accounts should be real payments for real work done. The Revenue naturally adopt a strict view on taxi expenses claimed for partner are it is an area some individuals might use to reduce the tax liability. Care must justify the partner as an expense.
Other Expenses
Enter all business expenses in a named expense box on the self assessment tax return. Avoid Travel 24/7 taxis in box 3.63 Other Expenses when possible as any significant amounts in this box may give rise to an Revenue enquiry in to the self assessment tax return.
The best method of ensuring the taxi drivers goverment tax bill is as low as you possibly can in the future is without a doubt to meticulously maintain good records of all taxi receipts and expenses and mileage covered that provides the opportunity for taxi drivers to compare the taxi running costs against mileage allowances and pick the most tax efficient option. Your choice to claim mileage allowance or taxi running costs can and often does change during the financial year.
In general when a more costly taxi cab is purchased then your capital allowance of 3,000 pounds will most likely outweigh the potential mileage allowance although if the vehicle is low value the mileage allowance may be the best option and a method of saving valuable tax pounds that you are entitled to. The best taxi accounting software will automate the comparison of taxi mileage allowances with taxi running costs doing the taxi accountants work for you.