Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Are you trading? Trading income is taxed for both income tax and corporation tax purposes. In order for a tax charge to arise under the ...
Further grants for the self-employed
Further grants for the self-employed The Self-Employment Income Support Scheme (SEISS) has provided grants and support for self-employed individua...
Should an LLP partner be treated as a salaried partner?
Should an LLP partner be treated as a salaried partner? As a general rule, the individual partners in a partnership are treated as self-employed for tax purposes. Consequently, they pay tax under the self-assessment system and pay Class 2 and ...
Changes to the off-payroll working rules
Changes to the off-payroll working rules -how will your business be impacted? From 6 April 2020 the off-payroll working rules that have applied since 6 April 2017, where the end client is a public sector body, are to be extended. The changes will see the rules ex...
Did you know you can claim tax relief for your start up costs?
Claim a tax deduction for pre-trading expenses Setting up a new business is exciting time, but can also be a very costly time. It requires a lot of investment in regards to your time and money before you can start to reap any of the rewards. So it is very important that yo...
Claiming Tax Relief for employee expenses
Don’t pay for expenses that your employer should be paying for – here’s how and when to claim a tax deduction. Tax Relief for employee expenses As an employee, you may spend your own money on things that are related to your job. Where this is the ...
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