The most valuable thing in our life is time. In the present day rhythm, it is so vital that you continue always and everywhere. We understand why perfectly, so we suggest you not to postpone important trips ?for later?, but to dial the Nikolaev taxi number and be in the right place at the right time.
Our service Nikolaev taxi is really a city carrier that offers you its cars night and day. Among our main advantages is a wide price range. It is possible to order a comfortable VIP-class car or save your valuable budget by hitting the street on an affordable economy option.
You will be satisfied with the caliber of services, because our taxi employs experienced drivers and polite dispatchers. Your order will be accepted accurately, a clean car with a heater, air-con, no cigarette odor will undoubtedly 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 costs in box 3.46 cost of sales not motoring expenses. A typical check carried out by any competent inland revenue inspector enquiring right into a self assessment tax return is always to check when the taxi driver was on holiday and examine if fuel receipts had been included for this period.
Not many taxation statements are enquired into as the system is based 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 generally administrative 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 are likely to be disallowed unless they are either specific to the business enterprise or a specific area of your property is devoted entirely to your taxi business. Using part of a room part time would not be sufficient to include family members expenses in the taxi driver accounts.
Spouse Costs
You can 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 take on taxi expenses claimed for partner work as it is an area some individuals might use to lessen the tax liability. Care is required to justify the partner as an expense.
Other Expenses
Enter all business expenses in a named expense box on the self assessment tax return. Avoid entries in box 3.63 Other Expenses if 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 tax bill is as low as possible in the future is without a doubt to meticulously maintain good records of most 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. The decision to claim mileage allowance or taxi running costs can and frequently does change during the financial year.
In general when a more expensive 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 might be the best option and a way of saving valuable tax pounds which 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 do the job.