Has your Direct Debit been cancelled between July and November 2021? HMRC have cancelled it because they do not have an email address for your business. If you want to pay using Direct Debit, you will need to set it up again using your Business Tax Account. Why does HMRC need my email? HMRC are […]

“How does Income Tax work? Do I pay Tax on all my income?” This has been a frequent question asked, I am here to answer your questions. Each tax year, you get a personal allowance. In our current tax year, the personal allowance is £12,500. You do not pay tax on this income. Your personal allowance may vary if you claim:  Marriage Allowance Blind Person’s Allowance Your personal […]

Merry Christmas! It is that time of the year again, but not like other years. Christmas is not the same this year. Every year there are big celebrations and the whole country is upbeat during this festive period however this year, the UK is in a sombre mood. The biggest culprit being Coronavirus but let […]

On 29 May 2020, the government extended the Coronavirus Job Retention Scheme (CJRS).  Furloughed Employees can now work part-time Employees that have been furloughed due to COVID-19 will be able to have a flexible employment from the 1 July 2020. Employers will have the flexibility to allow their furloughed employees to work part time. Despite […]

Working from home has increased throughout the years. This pandemic has welcomed working from home all over the world. Employees that are home working may face certain expenses that their employer may reimburse. If the employer does not reimburse these costs, the employee will have to see if tax relief is available. Employer reimbursing the […]

On 26 March 2020, the government introduced a new scheme called Self Employed Income Support Scheme (SEISS) to provide aid for individuals who are self-employed. A member of partnership can also claim this scheme. The scheme is now open to those who have been impacted by COVID-19 and have annual profits of less than £50,000. […]

COVID-19 has caused unprecedented business interruption and lots of businesses are not prepared to face this unexpected business interruption. Prevention is better than cure; and if your business is not prepared to handle the current crisis, it could be fatal to the business. Be sure to work closely with your advisory team (internal and external), […]

CORONAVIRUS - INTRODUCTION This pandemic has left most of us uncertain and unsure about our businesses and economy. Hopefully, this will give you a brief overview. Please keep in mind that these topics are constantly changing according to the current affairs so it is important to consistently stay up to date using reliable resources such […]

How does Statutory Sick Pay (SSP) work for Coronavirus? Coronavirus has become a pandemic it is becoming a growing concern for the world. The UK government have set a guidance on Coronavirus (Covid-19), but we are here to answer a few questions that you might have. The UK 2020 budget has been set and there […]

Companies House – Late filing penalties A penalty notice is issued by Companies House when a limited company does not file the statutory accounts with companies house on time. The penalty notice will be issued as soon as the accounts is filed, and the scope of the penalty depends on how late the accounts are […]

I use my personal phone and home internet for my Limited company - Can I claim the full or part of of mobile bills as an expense the VAT on it? Telephone / Mobile Costs If the Mobile contract you can claim the 100% cost of the bill and the VAT as an expense. Even […]

Have you filed your Self-Assessment? Probably you are tired of hearing “Have you filed your Self-Assessment” on radio, TV, Newspapers and on the Tube!. Yes, the deadline for filing your Self-Assessment for tax year 2018/19 is 31st of January 2020. Who should file a Self-Assessment? Anyone who has received untaxed income from any source will have […]