Is it OK for my business to donate to charity?
Charity donations Is it OK for my business to donate to charity? How do I get tax relief on my charity donations? What is Gift Aid Gift Aid rules Gift [...]
Spring Budget 2023
The chancellor presented his budget on 15th March 2023 but most announcements had been made in advance to the press. Here are the highlights [...]
How Do I Close My Company ?
If you no longer need your company, then it is best to close it down completely. This concludes with getting it removed from the [...]
Perils of a One Man Business
What would happen to my Business if I am ill or die? Being in business on your own is often great – you have [...]
31st January Deadline – what does it mean?
We have just passed the 31st January self-assessment personal tax return deadline – so what does it mean and how was it for you? [...]
What costs are tax allowable if I am working for myself?
If you are in business is your own right, buying and selling goods or services for profit, then you are a sole trader and [...]
What are tax allowable expenses when working from home ?
Homeworking Expenses What costs are tax allowable if I am running my business from home? Many of us nowadays run our businesses from home [...]
Mini Budget March 2022
Summary of the Chancellors Spring Statement March 2022 The Chancellor took the opportunity of the Spring statement to announce some tax changes, Duty As [...]
Tax Free Childcare
HMRC offer several schemes designed to give tax relief on childcare to most workers. See later in this post for further government assistance with [...]
Just as I said there were few new rules for Omicron the Government have made some new announcements. General rules Masks should now be [...]
2021 Autumn Budget
Most of this budget was dedicated to spending, made possible due to increased growth, including Funding for Lorry Park Facilities Foreign Aid funding to [...]
Business Travel Expenses
Now we are out and about again here are some notes on what may be claimed tax free, when travelling on business. A business [...]
The benefits of employing a Professional Accountant, Financial Advisor, Lawyer or Electrician
When you want something done then you have three options DIY Cowboy Professional So which will you pick? DIY takes dedication and time [...]
Tax Return deadlines and penalties
A little reminder of return deadlines and penalties at present. A new penalty regime is due to be phased in with MTD from next [...]
Employee Payments – Not just cash wages
Employees are entitled to the minimum wage – in cash for expected hours worked Age Rate from 1 April 2021 23 and over £8.91 [...]
Employee Holidays -What holidays are employ entitled to?
With an increase in possible destinations, and employees returning from furlough, or possibly having to self-isolate or quarantine on return from abroad, now may [...]
A pension is a sum you receive after you have retired, usually on a regular basis, which counts as your taxable income when you [...]
March 2021 Budget
Here is a quick summary of the main measures announced in the Budget. Very few tax rises have been introduced, and the main emphasis [...]
CIS including The New VAT rules
What is CIS? CIS stands for Construction Industry Scheme and is a special tax regime imposed by HMRC because there are so many mobile [...]
Transition – Actions & Costs
Anyone who has dealings with the EU or is under EU regulations is affected by Brexit E.g. Staff or products from the EU Staff [...]
Transition – Services
Status Changes When the UK leaves the EU then the UK stops being part of the single market, and so UK and EU become [...]