Blog

Are you a residential landlord thinking about selling up?

Feb 3, 2022

Residential buy-to-let is losing its appeal. According to 'The National Residential Landlords Association' navigating the buy-to-let world is harder than before with... Tougher tax rules resulting in uncommercial after-tax returns The prospect of additional costs to...

Reporting Coronavirus Job Retention Scheme Grants on your Corporation Tax Return

Jan 26, 2022

Reporting Coronavirus Job Retention Scheme Grants (CJRS) on Corporation Tax Returns The CT600 Corporation Tax return has been amended to include a requirement for companies to report CJRS grants (furlough payments) received and the amounts they were entitled to. There...

New dates and deadlines for 2021 Tax Return

Jan 17, 2022

The pressure of Omicron has created a plethora of new dates and deadlines for the 2021 Tax Return. Last week HMRC rejigged the 2021 Tax Return filing date but in reality the actual filing deadline of 31 January 2022 still stands. What they have done is give taxpayers...

Outsourced accounting for your business

Nov 23, 2021

Running your business finances in the cloud through software such as Xero rather than traditional desktop software or using excel opens the opportunity for a far more collaborative approach to managing the finance function of your business No longer do you need to...

2021 Tax Return hints and tips for making the most of available tax allowances and reliefs

Nov 22, 2021

Christmas is coming as is the electronic filing deadline for the 2021 Self-Assessment Tax Return If you know you owe tax for the year ended 5 April 2021 of less than £3,000 and would like HMRC to collect it through your PAYE tax code to help your cash flow your 2021...

Pay As You Grow your business post pandemic

Nov 17, 2021

During the pandemic many businesses helped ease cash flow by taking advantage of a bounce back loan. However what happens now repayments are due if your business has yet to recover from the impact of the pandemic? Bounce back loan scheme initially gave businesses an...

Forgotten tax relief – is it too late to make a claim?

Nov 15, 2021

HMRC is a stickler for rules and regulations especially those relating to the timing of claims for tax deductible reliefs and expenses. Except where the tax legislation states otherwise the general rule is An individual (or company) can usually amend a Tax Return (or...

Rishi’s second budget of 2021 or was it more of a spending review?

Nov 5, 2021

The Chancellor presented his Autumn Budget last Wednesday. If you listened in other than the extension from 30 days to 60 days for Residential Property Gains it was light on headline grabbing tax announcements but there was still plenty of detail to work through -...

Making Tax Digital – exactly where are we now?

Oct 20, 2021

The most welcome news announced in our world recently has been the postponement of 'Making Tax Digital (MTD) for individuals'. Also the proposal to align self-employed profits to tax years rather than the complex basis period rules we currently have has also been...