Call Us
Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
How to keep your Christmas party tax free
Keeping the Christmas party tax-free Last year, the Covid-19 pandemic and national lockdown took the annual Christmas party (other than virtual ones) off the agenda. This year, there may be a temptation to make up for lost time. How can you celebrate the festive season wit...
Disposing of an asset on which capital allowances have been claimed
Disposing of an asset on which capital allowances have been claimed Capital allowances are the tax equivalent of depreciation, and the mechanism of providing tax relief for certain items of capital expenditure. However, with the exception of cars, capital allowances are no...
Termination payments and Class 1A National Insurance
Termination payments and Class 1A National Insurance As the Coronavirus Job Retention Scheme comes to an end, employers with employees who are still on furlough will need to decide whether they are able to bring the employee back to work, either full time or part time, or ...
Claim tax relief for additional costs of working from home
Claim tax relief for additional costs of working from home During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found themselves working at home, often at very short notice. Many still have not returned to the wor...
No retained profits – Can you extract cash to cover your living expenses?
What should you do if your business doesn’t have enough profits to pay a dividend? If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in order to use them to meet your personal bills. Th...
Freezing of allowances and thresholds
Freezing of allowances and thresholds To help meet some of the costs incurred in dealing with the Covid-19 pandemic, the Chancellor announced in his 2021 Budget that a number of allowances and thresholds will remai...
Reduced rate of VAT To help the hospitality and leisure industry recover from the impact of the first national lockdown, a reduced rate of VAT of 5% was introduced for a limited period from 15 July 2020. The reduced rate of VAT was originally to apply until 12 January 202...
National Minimum Wage changes from April 2021
National Living Wage and National Minimum Wage changes from April 2021 Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wa...
Make the most of the dividend allowance until April
Make the most of the dividend allowance The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake a review and to ensure that your dividend allowance for the year is not wasted. Nature of the dividend al...
Making tax-free payments to employees working from home
Making tax-free payments to employees working from home As a result of the Coronavirus (COVID-19) pandemic, many workers have been forced into working from home. While working from home saves the costs of commuting to the workplace and perhaps allows workers to adopt a mor...
Latest News Items
Categories
At Arthur Boyd and Company we pride ourselves on providing a hands on and personal approach, specifically tailored to your individual needs. To find out how we can help, contact us today for a trusted consultation.
"*" indicates required fields
