If you're self-employed or a landlord, big changes are coming in how you report your income to HMRC. Making Tax Digital for Income Tax (MTD IT) is part of the government’s plan to make the tax system more efficient, accurate and easier to manage. [...]
What Is a Pool Car? Everything You Need to Know About the Rules, Exceptions, and Record Keeping If your business provides a car for employees to share, and it’s used strictly for work, you might be able to classify it as a pool car. [...]
Investing in property is seen by many as a good investment for the long and short term, either renovating and selling properties on for profit, or owning them for the investment potential and receiving rental income every year.  Unfortunately for landlords, changes have been [...]
IR35 has been around for a long time, but some far-reaching changes mean that you might need to revisit this issue. We have set out some of the key questions you might have and explained what's changing and how to know if the changes apply [...]
This was always going to be an unusual budget. More eagerly anticipated than usual, it seemed that everyone was waiting to see what would happen. That said there were few leaks with some measures announced ahead of time, so we had a little warning of [...]
So here we are, Lockdown 3.0, with a vaccine around the corner (let's hope). Here’s a reminder of the support available going forward in January 2021 and how it works in case any nuggets of useful information have passed you by. Most of these announcements [...]
Welcome to the latest news on business, Government supports and the economy. CJRS Update What you need to do from 1 September: From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees [...]
This blog has been updated please click here to view Investing in property is seen by many as a good investment for the long and short term, either renovating and selling properties on for profit, or owning them for the [...]
What does furloughed mean? As an alternative to redundancy, you can temporarily furlough your staff. The scheme has been in place since mid-March and now from July you can flexibly furlough your employees.  Some FAQs regarding the scheme: How much can I claim? Up to [...]
The impact of the coronavirus and government's support for business is changing rapidly so we've updated our blog to outline the key measures for business and the detail behind them where it is available. We will continue to update this post as more information is [...]
