Working from home tax relief – thousands claim via new portalPosted by Karen Jones on October 14, 2020
If you have to work from home because of coronavirus, you may qualify for a working from home tax relief. We explain how to apply for it.
Child benefit and high income – when it becomes a liabilityPosted by Karen Jones on October 7, 2020
Child benefit and high income? Were you aware of the High Income Child Benefit Charge (HICBC) – a tax charge paid by higher earners?
Tax return expenses – items you can claim for on your Tax ReturnPosted by Karen Jones on September 28, 2020
Tax return expenses – we look at the items you can claim for on your tax return and the office expenses incurred during lock-down.
Domestic Items Relief and LandlordsPosted by Karen Jones on July 31, 2020
Understanding when domestic items relief can be claimed is important as it determines whether a cost is tax-deductible or not.
Rent a room at home – is it tax free?Posted by Karen Jones on July 13, 2020
Learn more about how the rent a room scheme works and whether you will have to pay tax if you choose to do so.
Most Self Assessment Tax Returns are handled by Accountants for good reasonPosted by Karen Jones on June 29, 2020
Innocent errors on a tax return can be a red flag for HMRC and may well draw unwanted attention to the taxpayer. Engaging an accountant can help.
Buying business equipment – tax advantagesPosted by Karen Jones on June 19, 2020
Investing in business equipment can make a positive difference to your business operationally but have you thought about what it will do for your tax bill?
Asking HMRC for more time to payPosted by Karen Jones on June 8, 2020
If you can’t raise the money to pay the whole of your tax bill by the due date, you can ask HMRC to agree on a time to pay (TTP) arrangement.
Self Assessment tax return – are you required to complete one?Posted by Karen Jones on May 20, 2020
Do you know if you meet the criteria for submitting a self-assessment tax return? If not then this is a MUST read…
Don’t pay Capital Gains Tax……!Posted by Karen Jones on May 8, 2020
Selling personal possessions can incur Capital Gains Tax If you sell “things” you own personally at a large profit then you could find you are hit with a large bill from the taxman for Capital Gains Tax.