Category Archives: Uncategorized

Paying someone to act as your nanny, housekeeper or gardener may result in you being considered an employer. In turn, this may involve you needing to meet statutory employment rights and deducting any tax or National Insurance contributions...

A reminder that business in the hospitality, leisure and accommodation sectors in England may be due support funding from their local authority.

Recently, local authorities were reminded by government that they needed to process grants...

We are often asked why a self-employed person is paying so much tax when their drawings from their self-employed business are minimal.

The reason for this is that sole traders and partners (individuals) pay tax on the profits they earn...

The following definitions set out how property income is calculated and taxed:

• Rental income – includes rents, amounts received to cover use of furniture, cleaning of communal areas, hot water, heating and...
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HMRC is responding to the pressures we all feel as the new COVID-19 variant, Omicron, makes normal life difficult once more.

The offer by HMRC is generous. Basically, they have announced that taxpayers who have still not filed their...

Businesses are reminded to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.

Making Tax Digital is designed to help businesses...

HMRC have issued the following guidance to taxpayers who may have received COVID-19 grants during the 2020-21 tax year.

“If you claimed Self-Employment Income Support Scheme (SEISS) or received Coronavirus Job Retention Scheme...

£100,000 - Loss of income tax personal allowance

Your income tax personal allowance - £12,570 for 2021-22 – will be reduced by £1 for every £2 your adjusted net income exceeds...

We are now two years into the COVID-19 pandemic and the virus is showing a remarkable ability to adapt. In its latest form, the Omicron variant, it is proving to be more transmissible and successful at seeking out new hosts.

If we have...

We have listed below a number of ideas that might ease your progress through any continuing COVID-19 related disruption during 2022.

The following comments are not advice. Every business is different so please call if you have concerns...