Howlader & Co Blog

We have been receiving a number of complaints from clients and associates about a letter which says something along the lines of “we have tried contacting you about an underpayment but you have failed to co-operate. We will take steps to recover the monies from you”. OR “we wrote to you recently and asked you […]

An increasing trend is the conversion of office space/storage space (above an office or shop) into flats. Bear in mind that you may have available one of the most generous allowances around- 100% capital allowances (tax deduction against income tax) on the expenditure subject to a few conditions: Qualifying flat Must be “dwelling” i.e. residential […]

An oft misunderstood rule is the 10% wear and tear allowance. This is one of the best tax allowances available for landlords. Essentially, 10% of rents (less any utilities/council tax/any other bills that a tenant would usually pay) is subtracted from the rent. However, you must choose between this treatment or the “replacements method” where […]

Barrister accounts and tax returns have a few idiosyncrasies. We’re able to talk in your language and speak in detail about those nuances – whether you’re a pupil, barrister or judge. We will guide you through all your accounting, tax and other financial advice needs from start to finish. If you’re worried about the hassle […]

We had an interesting call with a client yesterday. He is not happy with the amount of VAT he is currently paying and doubly concerned about the increase in VAT from 4 Jan 2012 – to 20%. He asked me if there were any prospect of reducing is quarterly VAT figure. As a catering business […]

Two weeks ago, UK Subway franchisees were defeated in an appeal against HMRC in regards to paying VAT on toasted sandwiches. Essentially, they wanted the sandwiches to be “zero rated” i.e. no VAT to be charged on the sale of the toasted sandwiches eaten off the premises. However, its competitors (Quizmos, McDonalds) do not pay […]