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July  2009
Save more from Taxman
Bimonthly Newsletter
In This Issue
Are you claiming all expeses
Dividend Waiver - Good end of year Tax planning
How can Dispensation help me
Paying tax on property is a matter of Choice
Tax Credits
Childcare Vouchers
New Online Portal - Full Control and No uncertainty
Have you come to the conclusion that working through a limited company is too much hassle? We have an alternative arrangement that can produce returns of up to 85%. Contact us today to find out if you are eligible.
 
Are you thinking of buying a property worth over £350K? Remember to contact DNS before purchasing and you could save on Stamp duty.
 
If your spouse doesn't work why not give her some shares and save money on taxes?

Are you paying for childcare? Put childcare expenses through your company and save on tax. Contact us now to find out how we can help.
 
Were you on a low income last year? You could get a substantial sum of money back from the government. Contact us now to find out if you are eligible.
 
Thinking of buying a car? Why not buy it through a company? Make sure you discuss all the tax implications with us before purchasing.
 

 
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Greetings!
 
Welcome to the DNS Bi-Monthly Newsletter, packed with useful and practical information to help you hold on to more of your hard-earned cash. We have recently revised our article on expenses - you'll find the link below - so take a quick look and ensure you're claiming for all that you should. Also in this issue, we offer some essential advice on dividend- and share-planning for limited company contractors, and for small businesses working through a limited company.
 
What do you know about dispensation? For those of you that own property, did you know that you have a choice in what tax you pay on your property? You are going to love this: read more about dispensation using the link below.
 
May we ask a small favour of you please? If you are happy with our services and would like to boost us with your praise, please fill in the form using the link below.  Similarly, if you can offer us any advice on how we can improve our services, please let us know. Your testimonials and suggestions are invaluable to us and we remain deeply obliged for your support and praise.
 
 

Are you claiming all the expenses?
 
Are you sure about which expenses you can claim? Are you plagued by receipts? If you work from a home, do you know how much you can claim? When you travel to see a client do you know whether you can claim the full expense of travel as an expense? Are you sure about what you can claim on mobile or landline phone bills?
 
Read our revised article on expenses to ensure you claim maximum expenses AND, furthermore, that you do so without the hassle of submitting a receipt for every penny you spend. Read the article in full at http://www.dnsassociates.co.uk/PDF%20Documents/June%2009Revised%20Expenses%20you%20can%20claim%20Report.doc
 

Dividend Waiver - A good end of year tax planning 

If you are expecting to pay higher rate tax on dividends, read our full article about how you can save personal tax on dividends using Dividend Waiver tax planning. A dividend-waiver is a tax planning technique especially suitable for husband-and-wife companies.  Read the full article at http://www.dnsassociates.co.uk/PDF%20Documents/Dividend%20Waiver%20-%20A%20Good%20Tax%20planning%20Tool.pdf

Alternatively we can plan well ahead in advance at the time of company incorporation and issue shares which entitles you to different levels of dividends and therefore giving you much higher flexibility in dividend planning. Read full article on  http://www.dnsassociates.co.uk/PDF%20Documents/Issuing%20Different%20Classes%20of%20Shares%20can%20be%20excellent%20Tax%20planning%20tool.pdf

I am sure these 2 techniques will give you sufficient peace of mind. On top of this we have successfully got couple of our clients Tax protection Insurance from IR35 and they feel so relived now. if you want to talk to them please let us know and we can forward the details over to you.


Can Dispensation help me 
 
Did you know that when a company reimburses the director or employee their expenses they should be reported on the tax return as a benefit in kind and expenses; the return is called P11d. Herein lies the problem: the more expenses a director claims for his or her business, the bigger the return and the bigger the return, the more likely it is that the Revenue will want to investigate.
 
So, Why not apply for dispensation? In this way you will cover the majority of expenses, avoiding the hassle of reporting, and at the same time save yourself the trouble of collecting all your receipts to record expenses. Dispensation will allow you to claim additional expenses and reduce your tax bill. Read the full article at http://www.dnsassociates.co.uk/PDF%20Documents/How%20can%20Dispensation%20help%20me.pdf . Contact sumit@dnsassociates.co.uk today to apply for dispensation, we'll help you fill in the application and look after all the formalities.
 

Paying tax on property is a matter of choice 
 
Whether it's Stamp Duty, Capital Gains or rental profit, the amount of tax you pay on your property is a matter of choice. We can help you save on Stamp Duty if you are thinking of buying a property, and we can minimise your Capital Gains Tax with some smart tax-planning beforehand.
 
Similarly, if you have an income from rental, you can save on tax with some simple and straightforward tax-planning. Planning is the key to maximising profitability. Read the article in full at http://www.dnsassociates.co.uk/PDF%20Documents/Property%20Inocme%20Article.pdf 
and find out how Anil saved ££££ in Capital Gains Tax!

Tax Credits 

The deadline for making full year Tax Credits has passed but there is still a lot to claim. Many of our clients successfully made claims and received credits beyond their expectations. If you have children and earn less than £18K p.a. and have Children  then you may be eligible for this government windfall! Contact DNS NOW with your details, or download and complete the form at http://www.dnsassociates.co.uk/PDF%20Documents/Tax_Credits_Questionnaire.doc  then send it to sumit@dnsassociates.co.uk without delay. Don't miss out!
 

Childcare Vouchers 
 
This is an ongoing scheme that can save you up to 4K p.a.! Register your company for Childcare Vouchers and save tax and NI on money the company allocates to Childcare.  So, if you are paying for registered childcare, download and complete the form at http://www.dnsassociates.co.uk/PDF%20Documents/ChildCareVoucher.PDF then send it to benny@dnsconsultancy.com. Benny will assist you with the registration and other formalities; it's very easy to set up and manage so what are you waiting for?.

 
New Online Portal! Full Control and no uncertainty 
 
Did you know that the DNS online accounting portal includes a secure storage facility for your documents? Upload all your company documents and relax in the knowledge that they are totally secure and immediately accessible from any part of the world. View our audio-visual demo at http://www.dnsassociates.co.uk/demo.asp  and witness the benefits for yourself!
 
You can create your own invoices
You can create your own payslips
You can see Real time tax and other information
Forecast cash flow and much more.  


 
Refer a Friend!
 
Remember, if you refer a friend, colleague or family member to DNS, and they sign up, you receive a month's accounting absolutely FREE. What can be easier: email this newsletter NOW to a friend or send them the link http://www.dnsassociates.co.uk/demo.asp  to watch the demo of our online accounting portal.
We hope you have found this Newsletter useful and entertaining, and that you will take advantage of our tax saving tips at every opportunity. As mentioned, we need a small favour from you please. If you are pleased with the services DNS offer, and/or you would like to suggest ways we can further improve our service, tell us by using the link http://www.dnsassociates.co.uk/Testimonials.asp.  
 
DNS aims to protect and guide you through the dragon of taxation; we aren't simply machines employed to enter your data, produce your accounts and calculate your taxes. DNS are experts in tax and financial planning, a most important aspect of any successful business. I am available to meet with all our clients to discuss any aspect of your business but would like to invite all DNS premium package holders to contact sumit@dnsassociates.co.uk  and book an appointment for late evenings or Saturdays for a full tax and financial planning meeting; all our standard and basic-package clients may book an appointment during our normal working hours Monday to Friday.
 
Sincerely,
 

Sumit Agarwal
DNS Associates