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