Getting On Top of Self-Assessment

Why 2019/20 is the year to get it done early. With everything that’s happened so far this year, it might be easy to forget your obligations to file a Tax Return for 2019/20 by midnight on 31 January 2021. The Coronavirus pandemic and subsequent economic crisis has...

Chairs, Tables and Tax: working from home

The coronavirus (COVID-19) has seen an upsurge in homeworking. For many people, there are questions on the tax on the equipment required. What if I contribute to employee costs? You can look to reimburse some specified costs incurred by employees when working from...

Tax Tip – Employing Family Members

Have you considered employing family members in your business? As long as you can justify their involvement, you can employ them in your business. In a limited company, they can be remunerated with a salary, receive benefits, and be included in your company pension...

Entrepreneurs’ Relief – outlook changing

Before the Budget, there were fears that it might be scrapped altogether. It wasn’t. Entrepreneurs’ Relief (ER) lives on, but with a new name – Business Asset Disposal Relief – and a new, lower lifetime limit. ER, as we will call it for one last time, is a...