Resources

  • 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.     

  • Tax

    Use simplified expenses to save work

    A lot of time and paperwork can be saved by claiming expenses using the simplified rates    

  • Self Assessment Tax Return

    Using allowances are an easy way to save tax

    The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free.

  • Director's Chair

    Director’s loan accounts

    HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns.

  • HMRC

    Filing 2021/22 expenses and benefits returns

    Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022, unless they have been payrolled or included within a PAYE Settlement Agreement.

  • Tax on tips

    Is tax payable on tips?

    Broadly, their treatment will depend on how they are paid to the recipient.

  • Trading Allowance money

    Earn money from a hobby or casual work?

    This allowance may be particularly useful to those who sell items online, tutor pupils, babysit or are self-employed in another form.

  • UK Property

    Using the £1,000 property allowance doesn’t always mean you pay the least tax

    The property allowance of £1,000 was introduced from 6 April 2017. 

  • Crypto Bitcoin

    Crypto

    Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network.    

  • A man driving a car.

    How to maximise your business expenses

    When calculating your profits, expenses are deductible to the extent that they are incurred wholly and exclusively for the purposes of the business.

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