Simplified deductions where your business is based at home
Luke is self-employed as a graphic designer. He runs his business from his house.
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 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
Legislation surrounding 'Trivial Benefits' was introduced to save employers from
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.
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.
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.
Relief for pre-trading expenses
When you start a business, you will need to incur costs before you are able to start trading.
What can be done with business losses?
Where incorporation is being considered, it is usually permissible to carry forward any unused losses
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.