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This is a short and sweet post on subscriptions (subs). If you are paying subs to an APPROVED professional organisation, the amounts may be allowed as a deductible expense for tax purposes. Ensure you make your checks ie do not rely on your accountant to check at year end. In any case, it will be … Continue reading
Recently, a former nightclub dancer was confronted with back taxes and penalties of over fifty seven thousand pounds (£57,000) after years of non-declaration; apparently, she didn’t know that non-British citizens and students paid income tax. The non-payment issue only came to light when she applied for citizenship and needed to prove her tax status. If … Continue reading
Phoenix Debola 