Autumn Budget 2021 The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Main Budget proposals Tax measures include: a new temporary business rates relief in England for [...]
Small business owners have had a lot of change to deal with this past year, so the recently announced increase to tax rates was probably the cherry on top. But how are they affected and what do they need to know? In this blog we explore just that, to ensure [...]
We’re now well into the new tax year, so now is a good time to take stock of the tax reliefs that are available to you, and what you’ve still got to take advantage of. In this blog we explore just that, and take a look at the top seven [...]
Now that Freedom Day has been and gone and life is returning to something that used to slightly resemble normality, there’s nothing stopping you from planning a summer social for you and your employees. But before you book anything, do you know how much you can claim as a business [...]
If you have a Limited Company and need transportation for your business you may be considering your options. So is it best to purchase a company car, or use your own car, and what tax implications can you expect for both options? In this blog we explore exactly that, to [...]
You may from time to time wish to borrow money from your Limited Company. Whilst you are able to do so there are a number of considerations you need to be aware of, one of which is the tax implications of doing so. In this blog we explore the process [...]
What is SEISS? The Self-Employment Income Support Scheme (SEISS) was made available to those who are self-employed or a member of a partnership, who were affected by coronavirus. If you lost out on income or had to stop working in order to look after someone you could apply for money [...]
What is an ATED? An Annual Tax on Enveloped Dwellings, or ATED is an annual tax that’s payable by companies that own UK residential property valued at more than £500,000. If you’re a UK landlord you’ll need to complete an ATED return if your property: Is a dwelling Was valued [...]
Congratulations on starting your new business venture! Whilst you’re probably busy getting everything ready and sorted, one important thing to consider is your business accounting and more importantly, your business structure. But how do you know which is the right one for you? In this blog we look specifically at [...]