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Tag: Simplified deductions where your business is based at home

simplified deductions when your business 01/Mar/2019
Simplified deductions where your business is based at home

Many small businesses are run from home. Where a business is run from home, household costs will be incurred which are attributable to the business. These may include additional costs […]

What makes a property residence 01/Mar/2019
What makes a property a residence?

Capital gains tax private residence is relief is available where a property is occupied as the taxpayer’s only or main residence. The question of what constitutes ‘occupation as a residence’ […]

Employer childcare vouchers v government scheme 01/Mar/2019
Employer childcare vouchers v Government scheme

Employees who joined their employer’s childcare voucher or employer-supported childcare scheme before 4 October 2018 can remain in that scheme and benefit from the associated tax relief for as long […]

employees claim a tax deduction 01/Mar/2019
Employees – claim a tax deduction for expenses

Employees often incur expenses in doing their job – this may be the cost of a train ticket or petrol to visit a supplier, or purchasing stationery or small tools […]

AMENDING YOUR TAX RETURN 01/Mar/2019
Amending your tax return

The deadline for filing the 2017/18 self-assessment tax return of 31 January 2019 has now passed. You filed your return on time and paid the tax that you thought was […]

using the cash basis 01/Mar/2019
Using the cash basis – is it for you?

The cash basis is a simpler way of working out taxable profits compared to the traditional accruals method. The cash basis takes account only of money in and money out […]

high income child benefit charge applies 01/Mar/2019
High-Income Child Benefit charge applies

Parents affected by the High-Income Child Benefit charge (HICBC) can be forgiven for thinking that there is no point is registering for child benefit if they are only going to […]

UK National Insurance Contributions 27/Feb/2019
National Insurance if you go abroad

If you move abroad it can often be advantageous to continue paying your UK National Insurance Contributions (NICs) in order to preserve your entitlement to the State Pension and

job related expenses hmrc 27/Feb/2019
Job related expenses you may be able to claim

If you are an employee and use your own money to buy things you need for your job, you can sometimes claim tax relief for the associated costs. It is usually only possible to claim

Tax if selling online 27/Feb/2019
Tax if selling online

Many people supplement their income by selling services online. This is often described as the ‘sharing economy’ or the ‘peer-to-peer economy’ and usually involves renting out

Company Voluntary Arrangement 27/Feb/2019
What is a Company Voluntary Arrangement?

A Company Voluntary Arrangement or CVA is a special arrangement that allows a company with debt problems or that is insolvent to reach a voluntary agreement to pay its business

Ring-fencing COVID losses 27/Feb/2019
Company tax deductions for charitable donations

There are special rules in place when a limited company gives to a charity. This can include Corporation Tax relief for qualifying donations made to registered charities or

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