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Virtual Christmas parties will qualify for tax exemption

16th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Sole Traders
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Virtual Christmas parties will qualify for tax exemption

HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions. The Association of Taxation Technicians (ATT) has received the following statement from HMRC:
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Gifts to employees can be tax-free

14th December 2020 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice, Sole Traders
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Gifts to employees can be tax-free

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

9th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

HMRC is warning self-assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline. Every year HMRC issues thousands of SMS messages and emails as part of
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Outsourced Team Member – Hiring Now…

8th December 2020 | Written by In Accountancy | Categories : Client News, News, Small Business Advice, Sole Traders, Team News
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Outsourced Team Member – Hiring Now…

It’s exciting times at IN Accountancy as we announce that we are recruiting once again. We’re looking for an outstanding individual to join the IN Team as an outsourced team member. If you, or someone you know, fits the bill,
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Brexit imports and exports

27th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Brexit, export, import,
Brexit imports and exports

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import
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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 Β£6 a
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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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Chancellor approves grants for businesses closed by lockdown

21st November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
Tagged in: GRANTS,
Chancellor approves grants for businesses closed by lockdown

Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown. Those businesses affected will be eligible for the following: For properties with a rateable value of Β£15,000
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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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Stockport, Trafford and Cheshire East Local and National Support Grants

9th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
Stockport, Trafford and Cheshire East Local and National Support Grants

Applications for local and national support grants are now open for Stockport and Trafford based businesses who were forced to close due to the Tier 3 restrictions which came into force prior to the current National lockdown. For the detailed
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Furlough and SEISS – more changes announced

5th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, Small Business Advice, Sole Traders
Tagged in: Furlough, SEISS,
Furlough and SEISS – more changes announced

Did I predict there might be more changes afoot? Well I think I did, but quite honestly I didn’t expect them quite so quickly!! In this roller-coaster world of lockdowns, furloughs and coronavirus, there have been more amendments and announcements
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