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October 12. 2018

What about my tax?

By far, the most common question we get asked by new self-employed individuals is how much should I put aside for my tax bill. Unfortunately, this isn’t the easiest question to answer as every taxpayer is different and any answer must be very general. To try to give an answer is full of perils as we don’t want a client to put too much or worse, too little a side and get a very nasty shock in January. Years of experience tells us that between 15% - 20% of turnover should cover the Tax, National Insurance and a possible payment on account. However, it’s unusual for a first-year business to make an outright profit, initial set up costs can be high.

So, what is the best advice. The best advice anyone can give you is to get your accounts in early. The quicker we can prepare your accounts the sooner you find out what is due by the following 31st January but putting aside 15% - 20% isn’t the worst idea either.

 What happens if I can’t pay?

The best thing to do is let HM Revenue and Customs know as soon as you realise you’re going to struggle to pay your tax. HMRC understand that sometimes businesses have up and down periods and will normally try to create a payment plan that’s works for both sides. You can contact HMRC’s payment support team on 0300 200 3835. 

If you have any concerns about your tax bill or paying HMRC please do contact us on 0344 984 4445.



September 24. 2018

Why Class 2 is Important

Many clients ask us why they should volunteer to pay Class 2 National Insurance and we always give the same answer: “Class 2 is the only National Insurance Contributions a self-employed person pays that counts towards their State Pension and other State Benefits”. To get a full state pension a person must have 30 years’ worth of contribution, for employees this is Class 1, for Sole Traders or Partners this is Class 2. Class 2 is currently based on a weekly amount of £2.95 a week, which is calculated and collected through the individuals’ tax return.  
 
As you approach retirement age it is wise to request a state pension forecast which shows how many years contributions you have and any shortfall. To fill the shortfall an individual has to pay Class 3 National Insurance which is currently £14.65 a week. This is obviously a very significant difference which shows why it’s in your best interest to volunteer to pay Cass 2.

August 21. 2018

Capital Allowances and in particular the Annual Investment Allowance

Capital Allowances are available on the tangible assets held by the business. This is mainly Plant and Machinery, such as cars, dual controls, computers, laptops, printers and sat navs, tractors, vans, ovens etc. Depending on the type of asset you acquire, you can claim Capital Allowances at either 18% or 8% each year based on the original cost of the asset.

In the first year though there is currently a special allowance available called the Annual Investment Allowance (AIA) which states that you can claim up to 100% of the cost of an specific assets in the year you buy them.

Annual Investment Allowance gives 100% writing down allowances on the first £200,000 of investment in plant and machinery in each year. 

If you do not need the whole of the allowance to reduce your tax liability, in the year you buy the asset, any unused balance will be carried forward to subsequent years where you will be entitled to capital allowances on the remaining amount carried forward each year. 

When the asset is sold or taken out of the business a balancing adjustment may be needed, this can result in either a balancing allowance or balancing charge.

Example

You can claim up to 100% of the cost of a car with dual controls, (please note that AIA’s are not normally available on cars), against your profits for the year. In subsequent years you claim 18% on any remaining amount which has not been claimed in the first year.

e.g. You buy a car with dual controls for £18,000 in 2017/18 and claim AIA’s of £12,500. In 2018/19 you can claim Capital Allowances at 18% on the remaining £5,500 giving tax relief on £990.

Don't worry we will calculate this for you. 

It is important to be aware of AIA as it will affect the allowances you have in subsequent years and advice should be sought before making a purchase on which you intend to claim AIA’s or disposing of an assets on which AIA’s have been claimed.

August 6. 2018

Taking the leap into self-employment

Taking the leap into self-employment takes a lot of courage. The first decision to make is what business structure will you move forward with? Your business structure is important and will pave the way for your businesses future. This is in terms of the financial and legal matters of the day to day maintenance and administration.

Soletrader

As a soletrader it is all about you, any profits are counted as personal income, there is no separation between your business and personal assets. As a soletrader you have few regulations to adhere to, for example you don’t need to register with Companies House. You will be required to complete a registration with HMRC for self-assessment and you will have to complete a self-assessment tax return. An advantage to operating in this way is that you can withdraw cash from the business without any tax affect. 

Partnerships

Like a soletrader you will have to complete the individual self-assessments along with the partnership accounts. As there is joint liability for any liabilities it is important to create a partnership agreement which is signed by all.

Limited Liability Partnership (LLP)

This option means you have the flexibility of the traditional partnership, but you are protected regarding potential liabilities. Each partners liability is limited to the total sum that they initially invested. As above you will have to complete the individual self-assessments along with the partnership accounts.

Limited Company

A limited company has separate existence to that of their directors. Personal finances are separate to those that the business has. This might be a positive factor however there are more exhaustive requirements of a limited company. For example, registering with Companies House and submitting the company accounts. There are significant penalties for failing to send the accounts on time and you also must consider National Insurance contributions as they are greater than that paid by a sole trader/partner. You are also taxed if you withdraw income from the company, if it is distributed it is taxed as a dividend.

It is best to do your research and seek advice.

July 20. 2018

Financial perks of Marriage

Marriage brings many financial perks, one of which is the potential transfer of some of your Personal Allowances. For 2018/19 the Marriage Allowance lets you transfer £1,190 of your Personal Allowance to your spouse/civil partner. The person transferring it must earn less than their Personal Allowance, currently £11,850, although to be truly tax efficient they should earn less than £10,660, to make sure they don’t get a tax bill. While the personal receiving it cannot be a Higher Rate Taxpayer. 

To benefit from Marriage Allowance the following must apply:

·         you’re married or in a civil partnership,

·         the transferor does not pay income tax or your income is below your Personal Allowance,

·         the transferee’s only income is taxed at the basic rate, which in 2018/19 means taxable income of no more than £46,350.


When used correctly the transfer can help save Income Tax at 20% on the amount transferred, which in 2018/19 is £238. It may not seem like a lot but if this can keep you below the cap for Payments on Account this can really help with your cash flow.

Feel free to contact us if you would like further advice and guidance on this.

May 31. 2018

Evidence is Key

Record keeping is vitally important and been prepared with your records is a good habit to get into. You will thank yourself in the future if you receive a letter from HMRC advising they are going to conduct a business record check. To make sure you are on the right track with your records think about how you record your work and your cashflow. By ensuring you think about these two factors you will be able to give the vital supporting evidence that will be required should an investigation take place. It could be two, three or four years before you have to check your records in such a situation. Clear information will be informative, and you will not need to try to remember what that transaction was, here is an example: 

You book a holiday for you and some friends and pay the deposit yourself. Your friends pay you their £200 share by bank transfer a few days later and you pay it into your personal bank account. This is an entirely non-taxable transaction. However, two years later when the Revenue are looking into your affairs if you can’t recall and or evidence what that £200 was, the Revenue are quite likely to assume that it relates to a block booking of driving lessons which has not been declared in the tax return and so tax you on it – and don’t forget there could be penalties and interest to add to the basic tax due

FBTC's advice is to think about your;

Diary - Keep detailed records of the lessons you undertake in a daily diary. Mark all bookings taken and just as importantly mark any that do not turn up or cancel.  At the end of the day or week total the cash received in the diary and bank that sum.  This will give a clear trail of your business activity. The FBTC online cashbook provides you with an ongoing report which is useful for viewing your current net profit. 

Bank accounts - Keep your personal and business cash flows separate by using a separate bank account for the business.  Use it religiously.  Don’t be tempted to use any of your cash earnings to buy petrol, lunch or anything else you might need during the day, this prevents the possibility of “forgetting” to record the cash income.  Pay for business costs with a bank card and keep the receipt.  Again, this will give a clear audit trail of your business expenses.  For your personal drawings make regular weekly withdrawals or transfers to your personal account and record them as such and use this cash and only this cash for your non-business expenditure.  Finally, it is best to include references on your bank transfers for your own personal bank transactions, particularly in relation to one-off deposits and expenses because you’ll not remember everything two years down the road!

February 6. 2018

Key Fraud Rules to Remember

HMRC will never contact customers who are due a tax refund by text message or by email. Figures from UK Finance show £366.4million was lost to financial fraud in the first half of 2017, with a further £101.2million lost through authorised bank transfer scams. 

To help people protect themselves the Take Five campaign (supported by HMRC) has issued three key pieces of advice:

1. A genuine bank or organisation will never contact you out of the blue to ask for your PIN, full password or to move money to another account. Only give out your personal or financial details to use a service that you have given your consent to, that you trust and that you are expecting to be contacted by.

2. Never automatically click on a link in an unexpected e-mail or text.

3. If you're approached with a request for personal information, don't provide it. ​

If you have any questions about the above please contact us.

January 24. 2018

Are you completing your Self Assessment correctly?

Your main priority is likely to get your Self-Assessment submitted on time, but are you completing it correctly? FBTC have compiled an overview of tips for you to think about when preparing and filing your tax return.

A key element of your tax return is your income. Are you including it all?

You will have been required by HMRC to complete the tax return because you are self employed. However, once asked to complete a tax return, you have to include all sources of income. So don’t forget bank or building society interest, PAYE income and rental property income. And this is income received during the whole of the tax year. If this is the first year that you began self employment some people mistakenly think you only include income received after the self employment started. Consider all expenses that you are trying to claim for to ensure they are definitely allowable for tax purposes. Getting your income and expenses correct is important so as to reduce the chances of an HMRC enquiry/investigation.

It isn’t just about what you include it is about how and where you include it. From year to year you might miss classify your expenses, recording transactions under different categories. It’s best to be consistent.

Don’t rush to complete your return, there is a chance that you may transpose figures or add them up incorrectly, which will lead to the wrong calculations. This might mean you pay more tax than you need to and nobody wants to do this.

Deadlines are suddenly on top of us even though we know exactly when they are. Preparation is key to ensuring accuracy and filing on time to avoid the £100 late penalty charge. It is much better to know what your tax liability is in advance rather than filing it on the deadline and then not been able to pay your bill. If you were unable to pay your tax liabilities, you will start to receive late payment interest from 1st February and further delays in payment could lead to surcharges based on a percentage of the outstanding balance.

HMRC state ‘tax doesn’t need to be taxing’, this is correct it doesn’t need to be and having a professional acting for you can be beneficial. This is not only to ensure you are compliant with HMRC regulations, but a good accountant will also save you money.

December 21. 2017

A broken laptop, a paper eating dog and a trip to Italy

The deadline to file your self-assessment tax return and pay any liabilities that are due is fast approaching, it is 31st January 2018. Less than 6 weeks to go!

You may have a reasonable reason for missing the deadline, but this has to be communicated with HMRC and there is no guarantee they will accept your reasons.

 

HMRC have published some of the excuses that are given for late filing;

 

1.   My tax papers were left in the shed and the rat ate them

2.   I’m not a paperwork orientated person – I always relied on my sister to complete my returns, but we have now fallen out

3.   My accountant has been ill

4.   My dog ate my tax return

5.   I will be abroad on deadline day with no internet access so will be unable to file

6.   My laptop broke, so did my washing machine

7.   My niece had moved in – she made the house so untidy I could not find my log in details to complete my return online

8.   My husband ran over my laptop

9.   I had an argument with my wife and went to Italy for 5 years

10. I had a cold which took a long time to go

 

The above excuses were used in appeals to HMRC against penalties for late filing. As you might guess, the appeals were unsuccessful.

 

You will receive £100 penalty for submitting your tax return after the deadline date. 

 

If you would like to chat about FBTC completing your accounts and tax returns, contact us now on 0344 984 2515 or email fbtcenquiries@fbtc.co.uk

 

December 21. 2017

Allowable Business Expenses

It is important to know what expenses are allowable against your business profit. The following list includes the principle examples of expenses, that you are likely to incur whilst running your business.


Office Costs
Includes items such as postage, stationary, computer software, printing material.


Vehicle Costs
Franchise fees
Vehicle insurance
Cleaning
Repairs and servicing
Fuel
Leasing
Road Tax
Breakdown cover
Interest element on finance used to purchase the vehicle


Travel and Subsistence Costs
Parking
Train bus, air and taxi fares
Hotel rooms
Meals on business trips 


Staff Costs
Wages paid to another person for work done in your business


Financial Costs
Bank account charges that relate to your business
HP/Loan interest for the purchases of business assets
Accountancy Fees


Advertising and Marketing Costs
Material used to promote your business such as branded clothing and advertising material
Website 


Subscriptions
Trade magazines
Membership to professional bodies


Capital Expenditure


Certain items of expenditure are classed as capital expenditure. These items include cars, dual controls, computers, laptops, printers and Sat navs. For these items you are entitled to a capital allowance to set against your net profit to cover the depreciation of the asset and is in addition to the finance interest mentioned above under vehicle costs. FBTC will calculate the capital allowances for you.
Business mileage
Rather than claiming the vehicle costs and capital allowances on a new car, as mentioned above, it is instead possible to claim business mileage. FBTC can advise on the most beneficial option.


Private usage
Some expenses incurred may also hold an element of private usage. The private element of the expense will be disallowed.
FBTC will calculate this for you.

November 16. 2017

Do you know the difference between tax avoidance and tax evasion?

The recent publicity regarding the “Paradise Papers” and last year the “Panama Papers” could lead one to think that it is only the rich and famous that need to be careful when it comes to keeping tax affairs in line.

However, we cannot stress enough that small businesses must also be vigilant. HMRC have been given significant extra resources to be able to check that businesses and their owners are paying the correct amount of tax. These resources will be increased further as Making Tax Digital is introduced.

Penalties for tax avoiders are primarily a percentage of the additional tax due ranging from 30% to 100%. Tax evasion can lead to a criminal prosecution and thus the possibility of a custodial sentence.

Do you know the difference between tax avoidance and tax evasion?

  • Tax avoidance involves bending the rules of the tax system to gain a tax advantage.  

  • Tax evasion is the illegal evasion of taxes by for example deliberately not declaring a source of income.

Tax avoidance can quite often simply be a difference in interpretation between the taxpayer and HMRC of the tax rules. HMRC are becoming more aggressive in this area as they seek to bring in more taxes for the Government.

Keeping accurate records is vitally important, especially if you are chosen for a ‘Business Record Check’. This document will ask initial questions about your accounting records before HMRC decide if they will need to pay you a visit to carry out further checks. 

It is impossible to say when or if you will ever be chosen for the Business Record Check.  Therefore, it is vital that you keep your accounting records up to date and in a clear and satisfactory format.

This then takes us to the question, how often do you keep your accounting records up to date?  Once a week?  Once a month? Once a year?

FBTC recommends that you should try and set some time aside each week to update your accounting records and get into the habit of doing it every week, whilst the week is still fresh in your memory. 

You will find it much easier to recollect what has happened in the last seven days, than trying to think back over fifty-two weeks, if you are only completing your records after the tax year has ended.  

If you are unsure as to how to keep your records or are concerned about the standard of your record keeping, then please do not hesitate to contact us. FBTC does have an online cash book which you may find useful.

November 13. 2017

Ambition is the path to success, persistence is the vehicle you arrive in

You have done it! You now have the freedom and determination to run your own business. We have put together a short piece of advice for you as you venture into your newly self-employed role, the following highlights the key areas to think about during your start up phase.

The most important element of your business is ensuring positive cashflow. Ask yourself how far would you get with the money you have in the bank? Most businesses will say they would make the next 6 months, but it isn’t uncommon for a business to say they will not even make the month. To assist with your cashflow, make payment terms as short as possible, however an important point to note here is you still need to remain competitive, for this your payment terms will need to be long enough. The nature of your business might mean you receive income on a prepaid basis or cash immediately on deliver of your product or service.

What works for one business will not necessarily work for another. There are lots of exciting happens at the start of a new business, sometimes so many you might forget about the less exciting areas such as self-assessment registration and HMRC compliance.

You will find your hunger to succeed will keep you motivated, however it is important not to overstretch yourself, you cannot do everything. What you can do is ask yourself; Do I need it? Can I afford it?

It pays to ensure areas such as your accountancy and tax affairs, marketing, administration and possibly ICT are looked after by professionals. You are likely to see a return from such investments.

September 19. 2017

The FBTC Tips to Business Success

Everyone has different ideas and views on what they class as ‘successful’, is it the amount of money you make or is it having the perfect work life balance (does this even exist?). If you know what you want to achieve you are heading in the right direction. The following factors will help you to achieve your success!

Focus – What do you want to achieve? Set yourself short term goals to ensure you stay on track. By knowing what you truly want, you can define your business and achieve your goals.

Believe – In yourself and your business. If you don’t who will?

Tax – Don’t forget about it! Ensure you plan for your taxes. (We can look after this area for you, one less factor to worry about!)

Creativity – Stand out from your competitors, think outside of the box, sometimes it is good to be different. Develop your business to put you ahead of the rest. It is also important to realise you don’t know everything, be open to new ideas and opportunities that approach you.

Adapt – You need to do this for your business to survive, adapt to change to ensure you are giving your customer what they want and need (they may not know they need it yet). Opportunities sometimes fall into your lap which aren’t the norm and you need to be able to understand how to deal with such happenings.  


Challenges – Identify and manage your challenges, develop your analytical skills. There is never a problem you just need to find the solution. This will help you move your business forward.

Cash -  Feed your bottom line, find ways to get money upfront to improve your cashflow. Make sure your capital expenditures aren’t draining your business.

Organisation – This is important in both your personal and business life. Been organised means you have control and this will increase your productivity. 

Understand – Spend time researching your industry and your target audience, you will then understand what your customers want and need. This way you can ensure your business is offering the correct products and services, in the right place and at the right time. 


Notes – Reflect on your business, write down your thoughts. Keep your notes to help you plan and prepare for the future. Self-reflection will help you to develop self-awareness and encourages active engagement in your work.

Technology – Stay ahead of the game, every day is changing. Does your business require you to use the latest software? Should you be liaising with your customer more, can you do this by using new technology? We can do everything we need to with our mobile phones, is their opportunity for you to make changes? Smartphones, social media, texting, emails and other communication channels make it easy to get your message out.

Add Value – Give your customers that little bit extra. Find low cost or no cost ways of making clients feel even better about the product or service you have provided. Such acts will increase your gestures of goodwill and also increase your word of mouth referrals. 

Net Profit – Keep an eye on your net profit, make sure you know how your business is operating. This then supports your focus, creativity and understanding. This also give you the opportunity to recognise any areas of concern, manage your finances and deal with any challenges.

Consistency – Ensure you develop positive habits that you can enforce over a long term. Therefore, giving each of your customers the same experience. 


You – Take time for you! You are the most important part of all!

August 18. 2017

Why do we have to pay money in advance of next year’s bill – payments on accounts? Why can't we just be charged the bill at the end of the year?

As well as paying Income tax and NIC’s based on profits for the financial year, self-employed individuals are required to make ‘payments on account’ towards the next tax year.

 If your total Income tax and NIC’s for the year is greater than £1,000, in addition to your Income tax and NIC bill, you will be asked to make ‘payments on account’ towards the next year.  They are payable in two equal instalments.  One by the end of January following the end of the tax year and one six months later by the end of July.

How are they calculated?  In simple terms, each of the two payments on account are calculated as 50% of your total Income tax and NIC due for the year just ended. 

When your tax bill is calculated for the following year, the total Income tax and NIC due is reduced by the sum of the two payments on account you have made in the year.  Consequently, if your profits are exactly the same amount in that year you will have already paid your total tax bill in advance.  If your profits are more or less than the previous year, this would result in a balancing payment or a refund. 

So why do these payments have to be made?  Does it sound unfair?  Not if you consider that unlike the employed paying Income tax and NIC under PAYE, the self-employed have nine months after the tax year ends in which to pay their Income tax and NIC bill.  HMRC’s view is that by then, you will have been earning towards that year so they want a cut of it before the tax year has ended.  It also keeps you up to date with your payments and gives you a clearer indication of where you are with your tax affairs. 

Under certain circumstances, payments on account can be reduced or completely removed.  This should only be done under guidance and advice from your tax adviser.  Unfortunately, the ‘I cannot afford to pay them’ reason to reduce/remove payments on account will not wash with HMRC!


July 18. 2017

Let’s clear the air!

Did you know you could receive a £150 penalty notice for failing to display a ‘no smoking’ decal in your work-related vehicles?

In line with the Smoke-Free (Exemptions and Vehicles) Regulations 2007, you must ensure that at least one 'no smoking' sign is displayed in a prominent position in each compartment of your vehicle. Visit Smoke Free England for more information.

According to Cancer Research UK, the number of smokers in Britain has fallen by 1.9 million since the smoking ban was enforced in England, 10 years ago.

Whether you operate your business from a vehicle or premises make sure you are meeting the regulations to prevent unnecessary costs. If you receive a penalty notice it is not an allowable business expense.

April 4. 2017

Look forward and see where you are heading!

Plan ahead! Look forward and see where you are heading! Plan for paying your taxes on time……

Your income tax and national insurance liabilities are payable by 31st January each year.

You may also be liable for payments on account towards the following year on 31st January and 31st July each year.

Be organised and choose one of the following options…….

  • Set up a savings account with your bank
  • Set up a payment plan with HMRC – 0300 200 3835

FBTC would advise you save between 15-20% of your gross income.

Always contact HMRC should you need to discuss your tax bill and please don't stick your head in the sand. Interest and penalties are charged on liabilities paid late.

If you’d like further advise on this or any accountancy matter, please contact FBTC on 0344 984 2515.

Don't forget to check out our Facebook and Twitter pages!



January 24. 2017

Keeping the taxman at bay

Let’s talk about how and why HMRC Investigations happen, this week’s tip explains the best way to deal with an enquiry and keeping the taxman happy.

Once the Revenue has taken up an enquiry, it is in the taxpayer’s interest to settle the enquiry as speedily as possible by cooperating with HMRC and providing them with any information they request as they do have statutory powers that they can put in place if they don’t get the information that they require within specified periods of time. 

The length of an investigation can vary from months to sometimes years depending on what HMRC find and how they decide to progress.  During an enquiry, the Revenue may well look at your personal expenditure as well as your business records.  It is important that you can also account for entries on your personal bank, building society and credit card statements as well as your business statements.  The Revenue will often deem receipts that you cannot account for as undisclosed business income.

Clearly, the best way to avoid having an enquiry into your tax return, is to ensure that when your tax return is submitted it includes accurate and complete accounts information and that it also gives full details of all your non-business income such as any bank or building society interest, income from property, Capital Gains etc.  This may be stating the obvious but it can only be achieved by keeping full and accurate records:

-You should always record all sales and business receipts as you get them and retain the records;

-You should keep back-up records, for example, invoices, bank statements and paying-in slips to show where the income came from;

-You should record all purchases and other expenses as they arise and ensure, unless the amounts are very small, that you have, and retain, invoices for them.

It is important that each entry is recorded as and when it happens.  By doing this, it reduces the chance of you omitting or entering an incorrect amount if you have to record it on your records some weeks or months after the event. 

You will see from this how important it is for you to keep accurate records in both your personal and business dealings.  By doing this, the chances of you getting a letter from the Revenue will be considerably reduced.  However, if you are unlucky enough to still be selected for an enquiry, your hand is much stronger when you can produce accurate, well-kept and timely records.

The FBTC online cashbook is a great way to record your business income and expenditure. Have a read of the FBTC Online Cashbook "Simplicity at its best!"

If you have any questions about Revenue investigation or the online cashbook, please get in touch;

Call 0344 984 4445 Email  info@fbtc.co.uk


January 16. 2017

“I am writing to tell you that I intend to enquire into your Tax Return.”

The first line of the letter that tends to send a shiver down the spine of most self-employed individuals if they are unlucky enough to receive a letter from HM Revenue & Customs.

You may have submitted your Tax Return and thought ‘great, it has been accepted’. But confirmation of receipt doesn’t mean to say that HMRC have finished with it.

Under Self-Assessment, the Revenue’s method of dealing with Tax Returns is to “Process Now / Check Later.”  The Revenue then has a period of time to review the entries on the Return.  If some of the entries on the Return differ from information which they already hold or if these entries fall outside the normally accepted patterns for that particular business sector, then there is a possibility that the Return could be selected for an enquiry. 

There is a time limit within which the Revenue can take up an enquiry.  This is currently within 12 months of the normal filing date for the Return i.e. a 2015/16 Tax Return must be filed with the Revenue by 31st January 2017, therefore the window for opening an enquiry is up to 31st January 2018. 

However, it has been known for HMRC to open an enquiry outside of that time frame which is called a ‘Discovery’ enquiry.  Why can they do this you ask?  Because they can!  Such an enquiry can take place where based on the information (or lack of) shown on the tax return HMRC could not have known that the tax return was incorrect and issued an enquiry within the normal time limits.

In addition to the ‘normal’ lines of enquiry, HMRC are now carrying out random ‘Business Record’ checks in which they look into your record keeping.  If they have reason to believe that it is not up to scratch, they will arrange to make a visit.

Unfortunately, no one is immune from receiving a ‘Business Record’ check, however you can take steps to avoid a full-blown investigation.  How?  Stay tuned for our next tip – Keeping the Tax man at bay!

 
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