Classifying your expenditure appropriately could help save your business money by claiming the appropriate tax relief. This could also help to save you from being investigated by the revenue in the future and paying penalties. These mistakes are easily done, so this blog post will help to highlight seven things…
How to claim universal credit. Claiming universal credit might be the only option for a lot of taxpayers due to Convid-19. The Chancellor in his speech has stated that most of the support for self-employed individuals would most likely come through to taxpayers by June 2020. So, what happens if…
Employment allowance has now been increased from £3,000 to £4,000. This is Good news to some but not all business. These are some of the changes made by the newly appointed chancellor in the budget read a few days ago. This is good news for businesses that are eligible for…
NOW THAT YOU ARE CAUGHT UNDER IR35 LEGISLATION, WHAT NEXT? It is not news again that the IR35 legislation is changing from April 2020. If you would like to read about these changes you can click or watch a video kindly click In this blog post, I have explained 7…
Some business owner’s practice the act of phoenix whilst trying to dispose of their business. An anti-avoidance rule was set up to put an end to this act when the business owners decided to sell their liquidate or sell their business. When this occurs, the taxpayer could be chargeable under…
Payment on account is a system that is used by the revenue to ensure that taxpayers under Self-assessment pay towards tax and national insurance for the next tax year. The amount of payment on account applied for the taxpayers is based on previous tax years due to the HMRC Illustration…