• working from home

    Simplified deductions where your business is based at home

    Luke is self-employed as a graphic designer. He runs his business from his house.

  • money

    Using the cash basis – is it for you?

    The cash basis takes account only of money in and money out – income is recognised when received 

  • National Insurance

    National Insurance changes from July 2022

    Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of the Spring Statement     

  • Trivial Persuit - Trivia Gold Stag Accounts

    Trivial Benefits

    Legislation surrounding 'Trivial Benefits' was introduced to save employers from

  • Health

    Employees: tax-free benefits to keep them healthy

    There are, however, several areas where employers can use tax breaks and exemptions to help promote health and fitness at work.

  • UK Property

    Did you know you can earn up to £7,500 tax-free from an Airbnb?

    Rent-a-room relief was introduced to encourage people to let spare rooms in their own home in order to increase the supply of low-cost rental accommodation.

  • Property

    Letting a property as a furnished holiday let – is it worthwhile?

    Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis.

  • New Business

    Relief for pre-trading expenses

    When you start a business, you will need to incur costs before you are able to start trading.    

  • MONEY losses

    What can be done with business losses?

    Where incorporation is being considered, it is usually permissible to carry forward any unused losses 

  • Covid update

    Companies – claim extended loss relief online

    To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window.     

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