Small Business IT Support

Many small and micro businesses struggle to obtain adequate provision for IT Support London Small Business and they are proud to be able to support the single user Tradesman to the 50 user Server Based businesses.

We have the ability to remotely access most installations to enable us to diagnose issues and in some cases, fix smaller issues remotely. This saves time, and an enormous amount of your money.

Or call our friendly help desk and we can help you over the phone or send us an email if you are on the run and we’ll try to have you up and running as quick as possible.

Maintenance contracts

Preventative Maintenance contracts are becoming increasingly popular in businesses with three or more PC’s.

What does a Retainer Contract do?

We perform regular servicing on your hardware, Install new software upgrades and Virus scans, Check backup operation and regularity, Check operation of all installed hardware.

A retainer Contract is peace of mind, as we also regularly monitor system performance remotely, to ensure all areas of your IT Support London systems are operating smoothly.

Business Intelligence

For organisations holding high volumes of data, BI software has become a de-facto standard for drawing high-value, decision-support reporting from large, unwieldy databases.

Using specialised architecture, extracts of the core data are drawn out to populate analytical data ‘marts’ and perspective ‘cubes’ that feed an intuitive presentation layer. Such systems are typically user-driven at the formatting point and are capable of rapid display of underlying trends, cross-relationships, hot-spots, KPIs and other valuable performance aspects that lie hidden under the data itself.

In a majority of organisations all but the simplest reports require some analysis, design and build involving staff in both Business  and IT.  Additionally, for more complex reports there can be a number of costly iterations due to large data set and tools which are not fit for purpose.

As a result of the implementation of BI tools it can be  expected that the Business will spend more of their time carrying out valuable analysis and supporting key decision making, and less of their time on the practicalities of having to process large data sets.

  • Use of business intelligence is viewed as a strategic capability, expected to provide organisations with improved understanding of the underlying market trends currently hidden within our large data sets
  • Enhanced understanding of our market place will enable and support improved decision making in the wider business.

Some organisations may decide to use large Business Intelligence Software Companies others may decide to use free Business Intelligence Software. However using free software you should pay particular attention to any software performance testing requirements and use the latest sql server 2022 and sap business objects versions

Implementation of any Business Intelligence Software is completely tax deductible.

Tax Write Offs for Small Business -SME

How to legally avoid tax bills from IRS and HMRC using valid Tax Write-Offs for Small businesses

Business Tax Deductions

Business Tax Deductions and how to maximise your business tax deductions to reduce your tax liability to the IRS

Tax Deductions IRS

Tax Deductions IRS – Small business tax deductions IRS – SME IRS Tax Deductions – Independent advice on IRS Tax Deductions

Tax Deductions for SME’s

Our mission : to educate the public on overlooked tax deductions to ensure they get their maximum small business tax deductions… Legally, Morally, and Ethically.

Would it be valuable knowing that your records would be BULLET-PROOF from the IRS? What would that peace of mind be worth in not having to worry about an IRS audit?

If you can substantially increase your rate of return on any property each year, including your home, what would that be worth?

If you own your own business (even a small home based business) or if you’re an Independent Contractor, Sandy’s program will help you save hundreds… even thousands of dollars each year especially as a result of the newest economic stimulus laws.

Here is an outline of what you will learn in the Small Business Tax Deductions Program:

  1. Learn how to apply home office deductions
  2. Learn how to apply entertainment deductions
  3. Learn how to apply travel deductions
  4. Learn how to apply automobile deductions
  5. Learn how to be be audit-proof

Don’t fall for this common tax myth:

My accountant takes care of my taxes” or “My spouse takes care of my taxes.”

This may be the single biggest myth and WEALTH KILLER in the US. It certainly makes the IRS more money than any other myth.

I equate this with “my doctor takes care of my body.” Wouldn’t it be great if we could eat all the fattening foods that we want and never exercise, yet, once a year go to a doctor and get a form of “Roto Rooter” job?

If you don’t know what to tell your accountant by December 31 or if your documentation isn’t right, there is very little that they can do for you.

Sadly, accountants also have a conflict of interest when preparing our returns. They are subject to both a high standard for taking a deduction and are subject to high civil penalties.

Thus, as many accountants have informed me, “they would rather not tell a client
about a deduction that may be questioned if it results in any risk to them.”

 

Tax Deductions for Small Business

Here is our  ‘Top Ten Small Business Tax Deductions’.

1. The Car

Sole traders and business partners may claim a proportion of their car’s running costs, including petrol, insurance, road tax, repairs and maintenance, based on their annual business mileage. Sadly, your regular home to work travel doesn’t count as ‘business use’ for this purpose.

On top of all the running costs, you can also claim capital allowances on the car at the lower of £3,000 or 25% of the car’s ‘written down value’ each year. The car’s ‘written down value’ is the amount you paid for it less the amount of capital allowances you’ve claimed on it previously.

For a new car, you get a full year’s allowance in the year of purchase, even if you buy it on the very last day of your accounting period. You will usually also get a balancing allowance when you sell your old car. So, changing your car regularly makes good sense for tax purposes!

All your capital allowances must be restricted to your ‘business use’ proportion in the same way as your running costs.

Company owners face a choice regarding their car.

If their company owns the car, they can claim all of it’s running costs plus capital allowances, as described above, but without any restriction to the ‘business use’ proportion. The price of this is that they must then pay Income Tax and Employer’s National Insurance Contributions on a ‘Benefit in Kind’ equal to somewhere between 15% and 35% of the car’s purchase price when new. The total annual tax cost for a company car bought for £30,000, for example, may be as much as £5,544.

On the other hand, if the shareholder/director owns the car personally, they may claim mileage expenses from the company at the rate of 40p per mile for the first 10,000 miles of business travel each tax year and 25p per mile thereafter.

These mileage claims are tax deductible for the company and tax free in the director’s hands.

The best choice in each individual case will depend on the director’s own personal circumstances. One thing which is pretty clear is that it is almost never worthwhile allowing the company to pay for the director’s private fuel costs as this can lead to an extra tax cost of up to £2,661 per annum.

2. Your Home

The owners of most small businesses will work from home at least occasionally, even if just to do the paperwork sometimes.

In these cases, the taxpayer may claim an appropriate proportion of his or her household bills as abusiness expense, including heating and lighting costs and council tax.

Here the proportion is generally based on the number of rooms in the house, excluding bathrooms, toilets, kitchens and hallways.

Example

David’s house has one large living room downstairs, a kitchen, a bathroom, two bedrooms and a small box room.

David keeps some of his business paperwork in the box room and tends to spend one evening most weeks sorting it out. There is also a camp bed in the box room, which is used by house guests about twice a year.

David could justifiably claim around 24% of his household bills as a business expense. This is because he uses one room out of four for business purposes about 95% of the time.

3. Your Family

Sadly, you cannot claim for the cost of supporting your family.

However, there is a way to claim deductions for the support which your family gives to your business. If any member of the family does any work for your business, you may pay them an appropriate salary and claim it as a business expense. Be imaginative – if your wife takes business calls on your house phone then she’s working for the business!

If the recipient has no other income, you will be able to pay them up to £4,895 this tax year without any Income Tax or National Insurance costs arising.

4. Making The Most Of Travel and Subsistence

Let’s suppose you need to go to Paris on business and stay there overnight.

You could take a cheap flight, slog your way into the city from Charles de Gaul by train and metro and grab a quick bite at McDonalds. Cheap, not cheerful and fully allowable.

Alternatively, you could travel first class by Eurostar, move around the city by taxi and dine at Maxine’s. Not cheap, much more cheerful and still fully allowable.

The point is, when you’re away on business, your travel and subsistence costs are fully allowable and it’s none of the Revenue’s business how much you want to spend.

As a result, having a slap up meal while you’re away on business will often end up costing you only half as much as the same meal at home. So, why not treat yourself? The Government’s sharing the bill!

5. Childcare Costs

There are now some very generous tax reliefs for childcare costs.

For example, if you run a crèche at your company’s premises which is available to all employees’ children, the cost will be tax deductible and there will be no taxable Benefit in Kind for you if your own children use it.

6. Telephones

Sole traders and partnerships can claim the cost of business calls on home phones and mobiles. Line rental can also be claimed where it is purely a business line.

Director/shareholders may claim reimbursement for the cost of business calls made form home phones.

Your company can also buy you a mobile phone without any taxable Benefit in Kind arising.

7. Loans and Overdrafts

Generally speaking, interest costs which you incur personally are not usually allowable, whereas interest on overdrawn business accounts and loans is deductible.

The best strategy from a tax standpoint therefore, is to borrow within the business rather than personally.

8. Pension Contributions

As long as you stick within the relevant contribution limits, you should be able to get tax relief for pension contributions which you either make personally, as a sole trader or partner, or which your company makes on your behalf.

This will extend to contributions for any family members working in your business.

9. Decorating the Office

The cost of decorating your business premises will be allowable.

This could extend to items such as paintings and antiques which your use to decorate areas which will be seen by customers and the general public. You will need to make a business case for the expenditure, and larger items will only attract relief under the capital allowances system, but, nevertheless, the scope exists for some significant deductions to be claimed.

10. Staff Parties

The cost of staff parties and any other form of staff entertaining is usually deductible. Typically, this will cover the Xmas party or annual dinner.

As long as the annual cost of any staff functions is kept under £150 a head, there will be no taxable Benefit in Kind for the employees either. This allowance can be used to exempt one or more functions each year, the total cost of which does not exceed £150 per head.

Of course all these tax deductions are applicable to those with a limited company. If for example you are a freelancer with an umbrella company then a different set of scenarios apply.

 

small business tax deductionsOur mission : to educate the public on overlooked tax deductions to ensure they get their maximum small business tax deductions… Legally, Morally, and Ethically. Would it be valuable knowing that your records would be BULLET-PROOF from the IRS? What would that peace of mind be worth in not having to worry about an IRS audit? If you can substantially increase your rate of return on any property each year, including your home, what would that be worth? If you own your own business (even a small home based business) or if you’re an Independent Contractor, Sandy’s program will help you save hundreds… even thousands of dollars each year especially as a result of the newest economic stimulus laws. Here is an outline of what you will learn in the Small Business Tax Deductions Program:

  1. Learn how to apply home office deductions
  2. Learn how to apply entertainment deductions
  3. Learn how to apply travel deductions
  4. Learn how to apply automobile deductions
  5. Learn how to be be audit-proof

Don’t fall for this common tax myth:My accountant takes care of my taxes” or “My spouse takes care of my taxes.” This may be the single biggest myth and WEALTH KILLER in the US. It certainly makes the IRS more money than any other myth. I equate this with “my doctor takes care of my body.” Wouldn’t it be great if we could eat all the fattening foods that we want and never exercise, yet, once a year go to a doctor and get a form of “Roto Rooter” job? If you don’t know what to tell your accountant by December 31 or if your documentation isn’t right, there is very little that they can do for you. Sadly, accountants also have a conflict of interest when preparing our returns. They are subject to both a high standard for taking a deduction and are subject to high civil penalties. Thus, as many accountants have informed me, “they would rather not tell a client about a deduction that may be questioned if it results in any risk to them.”

https://smallbusinesstaxdeductions.org/5.html