The 6 Best REASONS FOR HAVING Taxi Services
The most valuable thing in our life is time. In the modern rhythm, it is so vital that you keep up always and everywhere. We understand why perfectly, so we suggest you not to postpone important trips ?for later?, but to dial taxi at the ceiba ferry and be in the proper place at the proper time.
Our service Nikolaev taxi is really a city carrier that provides you its cars around the clock. Among our main advantages is really a wide price range. You can 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 quality 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 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 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 tax returns 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 in general administrative expenses.
In the event that you run your taxi business from home it is possible to 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 or a specific section of your home is devoted entirely to your taxi business. Using section of a room part time wouldn’t normally be sufficient to include family members expenses in the taxi driver accounts.
You can claim expenses for partners who work for your taxi business and payments up to 100 pounds per week wouldn’t normally 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 reduce the tax liability. Care is required to justify the partner being an expense.
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 approach to ensuring the taxi drivers 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 the capital allowance of 3,000 pounds will often outweigh the potential mileage allowance although if the automobile is low value the mileage allowance may be the best option and a way 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 do the job.