Employment Allowance Changes
The Employment Allowance is a reduction in the National Insurance costs for employers to encourage businesses to take on staff. The allowance covers up to £3,000 of Employer’s National Insurance contributions, the amount that a business pays in addition to…
Christmas Tax Planning
With Christmas just over a month away, no doubt many of you are already making plans. Given how expensive this time of year can be, incorporating a bit of tax planning into those plans could prove worthwhile. Consider the following…
PrizeSaver Account Launched
Savers could now win up to £5,000 a month from a a new account with credit unions that was launched on the 17 October, International Credit Union Day. The Treasury has teamed up with 15 credit unions, including East Sussex…
Tax Questions and Answers
I am VAT registered and account for VAT on my sales when I raise an invoice. I have just found out one of my customers is going out of business and I don’t think I will get paid. How can…
Tax Questions and Answers
I have already prepared my 2019/20 tax return and I have a small tax bill. My main source of income is employment. Can I get this additional amount collected through PAYE? It is possible for HMRC to collect additional tax…
Grants For Importers And Exporters
With the threat of Brexit looming ever closer, UK businesses that trade with the EU are likely to see major changes in the near future. One such change is that they will have to complete customs declarations for goods imported…
Cycle To Work Scheme
Two of the banes of the modern age are pollution and obesity. Fortunately there is a scheme that addresses, albeit at a small scale, both of these issues at once. The scheme in question is the Cycle to Work Scheme.…
Divorce And Taxes
We hope that the couples amongst our readership will continue to live long and happy lives together. Sadly statistics indicate that this is unlikely to be the case for all of them. Figures from the Office of National Statistics indicate…
Furnished Holiday Lets
The taxation of residential property letting has seen some changes in recent years. The most significant is the change in tax relief on interest payments. These were once just a tax-deductible expense but are now being shifted to an adjustment…
Companies House Encourages Young Entrepreneurs
Entrepreneurs are defined as people who, by setting up a business, take on financial risks in the hope of making a profit. Often seen as people having to innovate by offering new services and products, they can have a big…