New Data Protection Bill
September 21, 2017

The Government has published the long-awaited Data Protection Bill that will incorporate most of the provisions set out in the EU General Data Protection Regulation. This will apply from 25 May 2018, and many businesses will need to update...

Read More...
Claiming for employment related expenses
September 19, 2017

If you are employed, and this will include most directors, you can claim for expenses that you have paid for personally, to be set against your income liabilities for the relevant tax year.

You must keep records of the amount you have...

Read More...
When is a replacement an improvement
September 14, 2017

We are often asked by landlord clients to clarify the difference between a replacement item of furniture, furnishing, household appliances or kitchen ware, and a purchase that may be considered an improvement. The difference is critical, as...

Read More...
Tax free dividend squeeze confirmed
September 12, 2017

The government reintroduced the remainder of the March budget last week, it’s the part that was held-over to accommodate the May 2017 general election.

It confirms two items that will be of interest to smaller business...

Read More...
30 hours free childcare for working parents
September 7, 2017

The Department for Education released the following press release last week regarding the new childcare support offer that commences from 1 September 2017. They said:

Parents of three and four-year olds who have registered for a...

Read More...
Tax Diary September/October 2017
September 5, 2017

1 September 2017 - Due date for Corporation Tax due for the year ended 30 November 2016.

19 September 2017 - PAYE and NIC deductions due for month ended 5 September 2017. (If you pay your tax electronically the due date is 22 September...

Read More...
Evidence of earning for mortgage purposes
September 5, 2017

If you are a client, and registered to submit a Self Assessment tax return, we can provide you with a statement that you can use as evidence of earnings for mortgage purposes.

If you are not a client, there are many ways you can obtain...

Read More...
Claiming back professional subscriptions
September 5, 2017

If your employment requires that you obtain and maintain membership of a professional organisation, you can make a claim to set the cost against your taxable earnings for income tax purposes. As you would expect there are a few hoops you will...

Read More...
VAT bad debt relief
September 5, 2017

If you use standard VAT accounting – pay VAT on sales when invoiced and claim back VAT on purchases when invoiced – you may have availed yourself of the six months claim for bad debt relief on unpaid invoices. This would have...

Read More...
Common misconceptions about tax and letting property
September 5, 2017

HMRC has published a list of popular misconceptions that taxpayers have about letting property. We have listed below a summary of situations where you will need to declare rental earnings to HMRC: