CGT changes coming up? What the Office of Tax Simplification proposesPosted by Karen Jones on May 13, 2022
With the government wanting to increase its income at a time of record spending, the OTS is proposing major CGT changes. But what are they?
The Rent a Room Scheme – a brief guidePosted by Karen Jones on May 9, 2022
Did you know that, if you rent furnished accommodation in your main home, you could earn £7,500 tax free under the Rent a Room scheme?
Construction VAT Reverse ChargePosted by Karen Jones on May 9, 2022
Working as a contractor or subcontractor in the construction industry? Here’s what you need to know about the Construction VAT reverse charge.
How to reduce your Corporation Tax bill…Posted by Karen Jones on May 2, 2022
We have devised a few suggestions on how to reduce your Corporation Tax bill. Forward Tax planning is key to reducing taxes.
Class 4 and Class 2 NICs – how changes to National Insurance affect the self-employedPosted by Karen Jones on April 6, 2022
The government is introducing changes to the thresholds for Class 4 and Class 2 NICs. If you’re self-employed, how will they affect you?
HMRC interest rates rise for the third time in 2022Posted by Karen Jones on March 28, 2022
HMRC interest rates are going up for the third time this year. We explain how much HMRC will be charging on late tax payments.
Tax return expenses – items you can claim for on your Tax ReturnPosted by Karen Jones on March 25, 2022
Tax return expenses – we look at the items you can claim for on your tax return and the office expenses incurred during lock-down.
ATED return (Annual Tax on Enveloped Dwellings) – don’t forget!Posted by Karen Jones on March 16, 2022
Do you have a company which owns residential properties valued at over £500k? If you do, then you may have to file ATED returns (Annual Tax on Enveloped Dwellings) and pay additional taxes on them.
R&D and Capital Allowances – two ways your business can reclaim money!Posted by Karen Jones on March 7, 2022
R&D and Capital allowances claims are two ways that may help your business reclaim some money back. Learn more about applying here.
IR35 loophole could see contractors escape taxPosted by Karen Jones on February 28, 2022
An IR35 loophole could not only see hirers be liable for extra tax, but could also see miscategorised contractors escape tax.