NEVER GIVE UP

The most valuable part of our life is time. In the modern rhythm, it is so vital that you continue 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 be in the right place at the proper time.

Our service Nikolaev taxi is a city carrier that provides you its cars night and day. Among our main advantages is a wide price range. Brighton to Gatwick taxi can order a comfortable VIP-class car or save your 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 undoubtedly be accepted accurately, a clean car with a heater, air-con, 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 costs 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 is always 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 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 also include 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

If you run your taxi home-based business 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 area of your home 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 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 take 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.

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 when possible as any significant amounts in this box can provide rise to an Revenue enquiry into the self assessment tax return.

The best approach to ensuring the taxi drivers tax bill is as low as possible in the future is undoubtedly to meticulously maintain good records of all taxi receipts and expenses and mileage covered which offers the chance for taxi drivers to compare the taxi running costs against mileage allowances and choose 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 costly taxi cab is purchased then your 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 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.