Blog
What Does the 2024 Budget mean to you
Spring Budget 2024 The Chancellor presented his spring budget, here is a summary of the few tax changes announced. Tax Rate Headline Changes For [...]
Taking on a Worker
Do they count as self-employed, or should I put them on the payroll? A quick reminder about employing staff, or subcontractors in your business. [...]
Do they count as self-employed, or should I put them on the payroll?
Taking on a Worker A quick reminder about employing staff, or subcontractors in your business. If you are paying someone direct to work for [...]
Do I need to tell the tax man what I have made?
Selling Onlin HMRC have for several years had the authority to collect information from credit card processing companies in order to check income being [...]
New VAT & PAYE Penalties
HMRC introduced new VAT and PAYE penalties in January 2023, and these will shortly start to build up for recurrent defaults. VAT – Late [...]
Autumn Statement 2023 Highlights
The Chancellor has announced some reforms – “cutting taxes and rewarding hard work” Employees/Payroll The basic rate of employees national insurance, for earnings [...]
How do I work out how many associates my company has?
Associated Companies A company’s corporation tax thresholds and rates from 1st April 2023, as well as employment allowance, are affected by the number of [...]
Will I get a state pension?
National Insurance Record for State Pension During your working life you earn credits towards state benefits – specifically a State Pension. There are lots [...]
Can I get tax relief on the expenses for my job?
Work Related Expenses There are certain job expenses that are tax free for all employees. If you own your own company, then your company [...]
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 [...]
Omicron Update
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 [...]
