makesworth, Author at Makesworth Accountants - Page 13 of 16

Tag: Three year carry back of Trading losses

THREE YEAR CARRY BACK OF TRADING LOSSES 04/Mar/2021
Three year carry back of Trading losses

Many businesses will have made a loss in the last year as a result of the Coronavirus pandemic and the difficult trading environment. Trading losses can normally only be set […]

SELF EMPLOYED INCOME SUPPORT GRANTS ALSO EXTENDED 04/Mar/2021
Self Employed income support grant also extended

In line with the further extension of the CJRS furlough scheme for employees the chancellor has also set out further support for the self-employed. We had been waiting for the […]

Chancellor "levels up" with us on tax 04/Mar/2021
Chancellor “levels up” with us on tax

In the Chancellor’s second real Budget on 3 March 2021 he announced that he had to level with people about the state of the UK economy.  Prior to Budget day […]

WHAT CAN WE EXPECT IN THE BUDGET? 02/Mar/2021
BUSINESS NEWS

Welcome to our round up of the latest business and Covid-19 news for our clients. Please contact us if you want to talk about how these updates affect your business. […]

Budget Day is 3 March 01/Mar/2021
Budget Day is 3 March

There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March and whether there is any tax planning that you should consider […]

24/Feb/2021
BUSINESS NEWS

Welcome to our round up of the latest business and Covid-19 news for our clients. Please contact us if you want to talk about how these updates affect your business. […]

Legal vs illegal dividends 22/Feb/2021
Legal vs 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 […]

Statutory payments from April 2021 20/Feb/2021
Statutory payments from April 2021

By law, there are various statutory payments that an employer must make to an employee while the employee is absent from work due to the birth, adoption or death of […]

National Living Wage and National Minimum Wage changes from April 2021 17/Feb/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 wage – the National Living Wage […]

Electric cars from April 2021 12/Feb/2021
Electric cars from April 2021

For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. While this will no longer be the case for 2021/22, electric and low emission cars […]

Are you trading? 10/Feb/2021
Are you trading?

Lockdown restrictions have forced many businesses to close temporarily. Selling goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much needed cash in […]

Self-employment and the £2,000 dividend allowance 06/Feb/2021
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. For 2020/21 this is set at £2,000, so if you’re thinking […]

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