Thank you, helpful information, subscribed

Good Lord she has 10 years in accounting but looks like my 18 year old daughter!! Well done young lady as when you’re 50 you’ll look 30! 🤣👍

Don’t forget IR35 if you have some one work for you need a video on this please

Great video. What about electric vans

Superb - subscribed

Your information is clear and to the point as a result of your vast experience and knowledge. Now only thing left for me to do is start a business. :)

Hi, do you provide tax planning advise to salaried Individuals please? If yes, please advise how can I get in touch. Thanks! Amanpreet Singh

Thank you

@KiranKaurFinance

2 ай бұрын

Thank you for watching!

thanks!

@KiranKaurFinance

2 ай бұрын

Thank you for watching!

Electric car at 50k.. tax Deduction of 12.5k Is there a similar VAT deduction of 20%, so another 10k?

Hi Kiran, what about Hybrid cars with low CO2 emissions, how do you treat their purchase and BIK if you are LTD co.

@KiranKaurFinance

Ай бұрын

Hi there, its the exact level of Co2 emissions that determine the level of deduction and BIK for the car. The rates are available on the HMRC website. Hope this helps!

Thanks for your advice... I do buy to let and get SPV Mortgages.. can you do a program on ways we can save on tax please...

@KiranKaurFinance

Ай бұрын

Noted, and thanks for watching!

As a food photographer when I shoot I need props (plates, napkins, spoons etc.) and food ingredients to prepare the food. How those would be classified? Bear in mind it can be a shoot for a job or a portfolio. I would really appreciate your answer or a hint at which paragraphs I should be looking at.

@MrLph427

Ай бұрын

Imo, what you’ve described are items specially required for you trade and so therefore deductible.

@KiranKaurFinance

Ай бұрын

Hello, you can look at: www.gov.uk/expenses-if-youre-self-employed. Consider if your items were bought wholly and exclusively for the purposes of the trade, and whether they are revenue costs and are therefore charged to the profit and loss account

@VakasShah

Ай бұрын

Make a KZread page, buy food, review it, eat the food, claim the food as an expense

Great video with clear explanations. As a sole trader, could i purchase a garden office for business use and put that through as an expense? Approx £10k - £12k Thanks again

If you claim tax relief working from home would part of your property be subject capital gains tax when you sell it at a later

Do you know if the £26/week can be paid as a lump sum, or does it have to be per week/month?

@KiranKaurFinance

2 ай бұрын

Hello, the £26 monthly deduction would be an expense in your tax return, which would lower your tax liability. This is how you realise the benefit, rather than a cash receipt. Hope this helps and thanks for watching

So if a £40k diesel van bought to transport goods in a limited co in feb24 will attract 100% capital allowance in 23/24 tax year? Resulting in £10k reduction to tax (assuming 25% corp tax rate).

@Paul-nq5tn

2 ай бұрын

You can claim the whole 40k back

Hey Kiran, I’m interested in doing accounting, would you start with the Aca, aat or go to university for an accounting degree, thankyou

@KiranKaurFinance

Ай бұрын

Hi there, you could qualify via an apprenticeship programme straight after school, or you could go straight into a training contract for the ACA after graduating University. Not necessary to study accounting at University in my experience. Good luck!

I’ve been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

@markdavis-tr4kc

Ай бұрын

I will advice you should stop trading on your own if you keep losing.

@markdavis-tr4kc

Ай бұрын

If you can, then get a professional to trade for you I think that way your assets are more secure.

@markdavis-tr4kc

Ай бұрын

I’d recommend Trisha Davis, her profit is great even when there’s a dip

@Melinda741

Ай бұрын

Hey i'm shocked you just mentioned and recommended trisha davis, i thought i was the only one trading with her

@markdavis-tr4kc

Ай бұрын

you dont need to be shocked haha because i'm also a huge beneficiary of her

S =o hiring accountant as well

Can you please show us the law where you have to pay tax please

@Wayne-wm6wq

2 ай бұрын

Where it says you have to pay tax please

I've bought a £44k Tesla in Aug 23. I am paying this over 5 year finance via the Limited company. Are you saying I can claim the full £44k in the first year? What about the monthly finance payments?

@thechilternturbo1185

2 ай бұрын

Was it new and unused? What type of financing agreement are you using?

@hasanr7435

2 ай бұрын

@@thechilternturbo1185 New. Hire Purchase.

@Adam-ui3ot

2 ай бұрын

Yes, and claim all the VAT back instantly.

@thechilternturbo1185

2 ай бұрын

@@Adam-ui3ot without knowing the answers to my questions you are unable to know if a full year 1 capital allowance is possible. Also, there is most likely to be a block on recovering the VAT so your advice is wrong.

@Adam-ui3ot

2 ай бұрын

@@thechilternturbo1185 just brought a 38000 vehicle on hp through my company. Claimed all the vat back.

Do you offer tax advice regarding BTL?

@KiranKaurFinance

2 ай бұрын

Hi there, unfortunately I don't offer tax services to individuals. Thanks for reaching out and best of luck with your BTL!

What a 😍 woman!

I need a accountant where abouts are you? Thank you

@KiranKaurFinance

Ай бұрын

Hi there, unfortunately I don't provide accounting services to individuals. Thank you for watching!

Can I set up a pension through my Ltd company or a fund for when I retire

@grahamatwell5120

2 ай бұрын

Yes you can. I have done this for the last seven years 👍🏼

@cater4anytink45

2 ай бұрын

@@grahamatwell5120 sound mate I'm gonna talk to my accountant about this

@AdrianMcDaid

2 ай бұрын

Yes.

Yes you write off full cost of an electric car but will devalue faster then it charges lol

312/year? Not worth our time is it?

@KiranKaurFinance

2 ай бұрын

Hi there, it doesn't actually take any time to claim that expense, just a line item in your records.

@AdrianMcDaid

2 ай бұрын

Just have it as automatic recurring weekly cost .

Amazing ... Subscriber now

@KiranKaurFinance

Ай бұрын

Thank you!

Why is yt recommending me all these Indian girls what are accountants. And it seems like they all learned from Ali abdaal.

Getting better you have to work on your background

@KiranKaurFinance

2 ай бұрын

Thank you for the feedback, suggestions welcome!

@Mgd2335

2 ай бұрын

Background looks perfectly good to me, it’s the information I’m happy to get for free! :)

@smile3884

2 ай бұрын

@@Mgd2335 maybe a nice plant 🪴 would make a difference

@terrybaker7266

2 ай бұрын

​@KiranKaurFinance thank you for the guidance. Every bit of information and advice is greatly appreciated 😊

@ay8987

2 ай бұрын

A plant in a nice pot, some books on both shelves, and maybe a small sculpture

Obvious examples anyone will be aware of already

Hello gorgeous your 💥💥 😰👌. Dont forget to work on your background. 🙊 Somepeople need to get a life. 😂😂😂

If you want public services such as schools and NHS, pay your taxes like wage earners do!🤬

@adamsowa5927

2 ай бұрын

My kids go to a private school and I pay for private healthcare as the services in this country are a joke. I guess I shouldn’t pay taxes then?

@geoffingram2742

2 ай бұрын

The sheep are herded so they can be robbed by the criminals (butchers of your finances). You are educated by idiots who are educated by idiots. You are not trained in Law in this country, in school,Why? Start learning Law and then you will stop acting like ignorant sheep who do as they’re told without question. Without the businessman who is running a business and looking for the opportunities which enable them to employ workers and then pay the company “The UK government “ that which they insist they’re entitled to (which in Law they’re not?) we would all have nothing. Think about all the BS surrounding C19 and how we were all treated. Then defend the government and their unlawful taxes the way you presently are. All those that were running legitimate Ltd companies didn’t get a penny from the state during the Covid 19 crisis. An awful lot went out of business during that period and also went into debt to pay their employees. Some committed suicide and left us completely. So please think on before pointing the ignorant finger at your direct employer who has given us a job. Most work night and day to achieve it. It needs to be encouraged not stamped out.

@marcfurniss7673

2 ай бұрын

What a stupid comment.

@davidp4456

2 ай бұрын

@@adamsowa5927You should pay at least the same tax as everyone else. Then what you do with your own money is your own business. The tax system is rigged with allowances that enable the rich to pay less tax and be subsidised by the poor. The UK has an inequitable tax system and we can see it in videos like this.

@adamsowa5927

2 ай бұрын

@@davidp4456 the 1% of earners pay around 30% of all income tax. I think the poor are being subsidised by the rich

If I buy a second hand electric vehicle. Will I get full tax relief on it . I paid £30k will the full 30 k come of the tax year . I’m a ltd trading company

Read - taxotopia, explains the in and outs about how the Rich avoid taxes

@KiranKaurFinance

Ай бұрын

I am actually reading this at the moment!

Awesome! Thanks

@KiranKaurFinance

2 ай бұрын

Thank you for watching!