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Personal Tax

Electric Vehicles – To buy or not to buy??

4th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: Electric Vehicles, EV,
Electric Vehicles – To buy or not to buy??

Or should we say to lease or not to lease?? In the company, or keep it personal?? Have you guessed what I’m talking about yet? Well, probably as it’s in the title, which we have to do from an SEO
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Tax relief for working at home

25th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
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Tax relief for working at home

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a
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Separation, divorce and tax…

24th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Tax Advice
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Separation, divorce and tax…

2020 has as we all know been one hell of a year. But it’s not just people’s physical and mental health, our NHS, jobs, businesses and finances which have been impacted.  Relationships and families have been hard hit, having been
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Self-assessment customers to benefit from enhanced payment plans

23rd November 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: self assessment,
Self-assessment customers to benefit from enhanced payment plans

Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements
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Increased support made available for the self-employed

19th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Sole Traders
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Increased support made available for the self-employed

The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown. On 5 November Rishi Sunak announced an increase  in the level of the third
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Capital Gains Tax Review 2020

18th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: capital gains tax, CGT,
Capital Gains Tax Review 2020

Capital Gains Tax Review – will it be changing? In my previous article about CGT we outlined what it is, and what the rates currently are. I also highlighted that the Chancellor had asked the Office of Tax Simplification (OTS)
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Capital Gains Tax – your guide

17th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: capital gains tax,
Capital Gains Tax – your guide

Why is everyone talking about Capital Gains Tax? Capital Gains tax, or CGT has been in the news a lot recently, as there is much speculation that this will be the first place that the government will go to try
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Self Assessment Tax Deferral – OPT IN!

5th October 2020 | Written by In Accountancy | Categories : CoronaVirus, Personal Tax, Small Business Advice, Tax Advice
Tagged in: self assessment,
Self Assessment Tax Deferral – OPT IN!

The Self Assessment Tax Deferral outlined in Rishi Sunak’s Winter Economy Plan last month will NOT be automatically applied. In addition to the news that the deferral for VAT payments outlined in Rishi Sunak’s Winter Economy Plan would not be
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Winter Economy Plan

24th September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: coronavirus, covid-19,
Winter Economy Plan

Rishi Sunak outlined his Winter Economy Plan this afternoon – below I have summarised what we know so far and what exactly that means for our small business clients. Winter economy plan – As not everything will apply to everyone,
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Self Assessment deadlines

23rd September 2020 | Written by In Accountancy | Categories : Personal Tax, Small Business Advice, Sole Traders, Tax Advice
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Self Assessment deadlines

Two self assessment deadlines are approaching: 5th October 2020 For those individuals who have not previously completed a tax return but need to report a liability for 2019/20. 31st October 2020 For those individuals who have previously submitted ‘paper’ self
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Subsistence Allowance – How to reduce that Mound of Receipts!

16th September 2020 | Written by In Accountancy | Categories : Limited Companies, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Subsistence Allowance – How to reduce that Mound of Receipts!

Subsistence Allowance – How to deal with that mound of receipts.

Fed up with dealing with multiple expenses and all those itty bitty receipts for meal deals, coffees and fast food?

Subsistence allowance…


Redundancy packages and tax liability

10th September 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Pensions and Payroll, Personal Tax, Tax Advice
Tagged in: redundancy,
Redundancy packages and tax liability

Redundancy packages are unfortunately at the front of many minds at the moment, with many people asking “Will the taxman get his hands on…