The most valuable thing in our life is time. In the modern rhythm, it is so important to keep up 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 a city carrier that offers you its cars around the clock. Among our main advantages is a wide price range. It is possible to order a cushty VIP-class car or save your valuable budget by hitting the road on an affordable economy option.
You will be content with the standard 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 costs in box 3.46 cost of sales not motoring expenses. A typical check completed by any competent inland revenue inspector enquiring 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 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’re either specific to the business 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.
You can claim expenses for partners who work with your taxi business and payments up to 100 pounds per week would not attract income tax or national insurance however any payments claimed in the taxi driver accounts should be real payments for real work done. 7 Seater taxi 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.
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 can provide rise to an Revenue enquiry into the self assessment tax return.
The best approach to ensuring the taxi drivers goverment 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 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 through the financial year.
In general when a more costly taxi cab is purchased then the 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. The best taxi accounting software will automate the comparison of taxi mileage allowances with taxi running costs doing the taxi accountants work for you.