Sartaj Singh
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Tax free pension threshold from employment and ltd company earnings
Hi..within a single tax year, hypothetically, if I have GBP 120,000 from an employment and GBP 140,000 from my own ltd company, how will my pension contributions be calculated? Would I still have GBP 60,000 allocation for tax free pension. If no, what will it be. -
RE: Personal bank account used for business travel for a pvt ltd company
Hi - Please can you review and let me know as I need to access that business travel amount and I want to make sure there will be no complications when I file my business return for 23-24 -
RE: Personal bank account used for business travel for a pvt ltd company
Thanks - in that case, can I withdraw the business travel expense amount and leave the rest of the amount in the business account? i hope it will not have any impact when i file my business taxes for tax year 23-24 -
Personal bank account used for business travel for a pvt ltd company
Hi...I had to use my personal bank account to book for business travel for my private limited company as the business card didn't work whilst making flight and hotel booking. I have documents supporting that business travel reimbursement into my pvt ltd account were for business travel. I assume the business travel expenses wouldn't be considered a taxable income since I can provide documentation to support it. Please confirm -
Income tax and tax free pension contribution for a year with employment and self-emplyed Pvt Lt
Hi...From Apr 2023 to Mar 2024, I would have had 8 months of employment and 4 months of self-employed income as a pvt ltd company. In this scenario, is my tax free pension contribution for both of the earnings be £60,000 in total or would it be £120,000 (£60,000 for each)?