28/Jun/2021No retained profits – Can you extract cash to cover your living expenses?
No retained profits – Can you extract cash to cover your living expenses? If you operate through a limited company, for example as a personal or family company, you will […]
27/May/2021Employee Ownership
Could an employee ownership model help you to build a better business? Businesses such as John Lewis are famous for being pioneers of the employee ownership model. When employees […]
22/May/2021Making tax digital extended to more Businesses
Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the […]
20/May/2021The Asian Professional Awards 2021
The Asian Professional Awards 2021 Makesworth Accountants are very excited to be nominated for the two prestigious awards from The Asian Professional Awards. The categories are: (1) Best Accountant […]
20/May/2021Relief for interest costs – Unincorporated business v limited company
Most landlords will need some sort of finance in order to invest in property to let out. However, while tax relief for mortgage and finance costs are available regardless of […]
17/May/2021LATEST BUSINESS & COVID 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. We […]
13/May/2021Selling a property post death – Is there a capital gains tax charge?
For capital gains tax purposes, there is a tax-free uplift to the market value at the date of death, irrespective of whether any inheritance tax is payable at the estate. […]
11/May/2021Reduced 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 […]
10/May/2021Freezing 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 remain […]
06/May/2021Restart Grants and Recovery Loans
As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on the nature of the business, they may be […]
04/May/2021Can you claim the Employment Allowance for 2021/22?
The Employment Allowance is a National Insurance allowance that enables eligible employers to reduce their employers’ (secondary) Class 1 National Insurance bill by up to £4,000. However, not all employers […]
03/May/2021Details of fourth self – employed income support grant
Like the CJRS scheme for employers the Self-Employed Income Support Scheme (SEISS) has been extended to September 2021and details of claims for the fourth grant have now been released. This […]
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