Master The Art Of Taxi Services With These 6 Tips

The most valuable thing in our life is time. In the present day rhythm, it is so important to keep up always and everywhere. We understand this perfectly, so we suggest you never to postpone important trips ?for later?, but to dial maxi cab and become in the proper place at the proper time.

Our service Nikolaev taxi is really a city carrier that offers you its cars night and day. One of our main advantages is really a wide price range. You can order a comfortable VIP-class car or save your 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 be accepted accurately, a clean car with a heater, air-con, no cigarette odor will undoubtedly be quickly delivered to you, and safely sent 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 standard 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 as the system is based upon trust but taxi drivers should ensure their accounts 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 generally administrative expenses.

Household 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 will tend to be disallowed unless they’re either specific to the business enterprise or a specific section of your home 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.

Spouse Costs

You can claim expenses for partners who work for your taxi business and payments around 100 pounds per week would not attract tax or national insurance however any payments claimed in the taxi driver accounts should 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 lessen 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 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 most taxi receipts and expenses and mileage covered that provides the chance 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 frequently 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 often outweigh the potential mileage allowance although if the vehicle 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 do the job.