Gift aid – Beware if your income falls
Where a Gift Aid declaration is made, the recipient charity or community amateur sports club can claim back basic rate tax on the donation.
Claim expenses for additional costs of working from home
As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last year working from home.
National Insurance contributions for 2021/22
The 2020/21 tax year starts on 6 April 2021. From that date, new thresholds apply for National Insurance purposes.
Self-Employment Income Support Scheme – future grants confirmed
The UK Government has today announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant.
A summary of the announcements made by the Chancellor of the Exchequer Rishi Sunak in the 2021 Budget on Wednesday 3rd March 2021.
Business interruption insurance – Are pay-outs taxable?
Business interruption insurance provides cover for losses as a result of events that close or severely disrupt the business.
IR35 and off-payroll working – what to do from 6 April 2021
Are you ready for the changes to IR35 and off-payroll rules coming in on 6th April 2021? Read our short summary of the changes.
Self-employment and the £2,000 dividend allowance
All taxpayers, regardless of the rate at which they pay tax, are entitled to a tax-free allowance for dividends.
Time to pay
If you’re struggling to pay tax bills including capital gains tax and class 2 and 4 NICs for 2019/20 you can apply online to defer your payments, but care needs to be taken as to when to apply.
Legal v illegal dividends
Changed business conditions in light of the Coronavirus pandemic have caused many companies to review their dividend policies not least because the company's financial position may have deteriorated significantly from that shown in its last annual accounts.