Coronavirus – Self Employed Income Support Scheme
If you are self employed and have been submitting tax returns for the last 3 years, you may be eligible to claim a self-employed income... Read More
VAT (Moss) Changes
Check UK VAT numbers After Brexit, you will be able to check if a UK VAT number is valid by using the UK’s VAT checking... Read More
OTS calls for review of PAYE system
In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure... Read More
Pension Contributions For Workers
From the 6th April all auto enrollment pension contributions increase. The total cost now is not insignificant but the good news is – these are... Read More
MTD will be limited to VAT
All businesses that are subject to VAT have been obliged to prepare for submitting VAT returns through commercial software from April onwards (Making Tax Digital).... Read More
Income Tax Rates For 2019-20
With the new tax year nearly here and in the interests of you being able to plan ahead, I thought I would list the changes... Read More
Class 2 NI Scrapped
If you have recently become self employed you will normally have to pay Class 2 NI contributions depending on how much profit you make. HMRC... Read More
Payroll Services – What To Look For
Most small businesses will outsource their payroll work to a payroll services provider who will take care of everything from producing payslips to processing HMRC... Read More
Annual Investment Allowances
Well before the end of the next tax year in April 2019, thought could be given to maximizing capital allowance and therefore reduce profitability in... Read More
Capital Allowances – A real advantage.
If you run your own business HMRC will allow you to deduct capital allowances to recognize the value of new assets you purchase to run... Read More