Drifting into the HICBC
Posted
by admin
The High Income Child Benefit Charge (HICBC) could apply to your clients if their income exceeds £50,000 for the first time this year and they are...
READ MORE
Claiming the NIC Employment Allowance
Posted
by admin
The Employment Allowance allows eligible employers to reduce their National Insurance liability. The allowance increased to £4,000 (was £3,000)...
READ MORE
Flat Rate Scheme annual review
Posted
by admin
Using the VAT Flat Rate scheme, businesses pay VAT as a fixed percentage of their VAT inclusive turnover. The actual percentage used depends on...
READ MORE
Making good fuel provided for private motoring
Posted
by admin
Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee...
READ MORE
Carry a company trading loss back to previous years
Posted
by admin
Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim...
READ MORE
Keep your business moving
Posted
by admin
An interesting press release published jointly by the Department for Business, Energy & Industrial Strategy and Business Minister, Paul Scully...
READ MORE
No late online filing penalties until 28 February 2021
Posted
by admin
HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing...
READ MORE
Tax Diary February/March 2021
Posted
by admin
1 February 2021 – Due date for Corporation Tax payable for the year ended 30 April 2020. 19 February 2021 – PAYE and NIC deductions...
READ MORE
Funding to get young people into work
Posted
by admin
Employers can now apply for a £1000 cash boost to help them take on new trainees. The new scheme will support young people to gain the skills and...
READ MORE
Landlords need to embrace a digital approach
Posted
by admin
HMRC are slowly rolling out their Making Tax Digital (MTD) scheme. Eventually, selected landlords submitting their rental income and outgoings via...
READ MORE
Basics of CGT Rollover Relief
Posted
by admin
Business Asset Rollover Relief is a valuable relief that allows you to defer payment of CGT on gains made when you sell or dispose of certain...
READ MORE
Striking companies from Companies Register
Posted
by admin
There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a...
READ MORE
