The most valuable thing in our life is time. In the modern rhythm, it is so important to 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 provides you its cars around the clock. One of our main advantages is really a wide price range. You can order a cushty VIP-class car or save your valuable budget by hitting the street on an inexpensive economy option.
You will be satisfied with the quality of services, because our taxi employs experienced drivers and polite dispatchers. Your order will be accepted accurately, a clean car with a heater, air conditioning, no cigarette odor will undoubtedly be quickly sent to you, and safely delivered 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 typical check carried out by any competent inland revenue inspector enquiring into a self assessment tax return is always to check once the taxi driver was on christmas and examine if fuel receipts had been included for this period.
Not many tax returns 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 generally administrative expenses.
Household expenses
In the event that you run your taxi home-based business you can claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses will tend to be disallowed unless they are either specific to the business 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 the household expenses in the taxi driver accounts.
Spouse Costs
You can claim expenses for partners who work with your taxi business and payments up to 100 pounds per week would not attract tax or national insurance however any payments claimed in the taxi driver accounts must 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 lessen 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 entries in box 3.63 Other Expenses if possible as any significant amounts in this box may give rise to an Revenue enquiry into the self assessment tax return.
The best method of ensuring the taxi drivers tax bill is as low as you possibly can in the future is undoubtedly to meticulously maintain good records of most taxi receipts and expenses and mileage covered which offers 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 often 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 automobile is low value the mileage allowance might be the best option and a method of saving valuable tax pounds that you are entitled to. Brighton chauffeur service accounting software will automate the comparison of taxi mileage allowances with taxi running costs doing the taxi accountants do the job.