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Do I pay tax on Bitcoin gains?
- May 13, 2021
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Investment, Tax
No CommentsIn short, the answer is yes. In December 2019 HM Revenue and Customs published their guidance document on cryptoassets for individuals, covering ‘exchange tokens’ (exchange tokens are intended to be used as a method of payment and encompasses cryptoassets like Bitcoin) and HMRC make it very clear that profits from buying and selling Bitcoin and
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Business rates holiday and discounts for tax year 2021-22
- April 29, 2021
- Posted by: admin
- Category: Contractors, Expenses, Tax, Uncategorized
The government cancelled business rates for all retail, leisure and hospitality businesses, in response to the Covid-19 outbreak. This business rates holiday applied in England for the full tax year 2020-21, and has now been extended until June 2021 for: shops restaurants, cafés, bars, pubs cinemas, live music venues assembly or leisure properties, like sports
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What is the coronavirus Restart Grant?
- April 28, 2021
- Posted by: admin
- Category: Contractors, Expenses, Tax
The Restart Grant is a one-off payment to certain businesses to help them reopen over the next few months as restrictions in England ease. If you’re eligible, you don’t have to pay the money back – you could receive up to £18,000. What is the coronavirus Restart Grant? The Chancellor, Rishi Sunak, announced the Restart Grant
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Update – Coronavirus Job Retention Scheme (CJRS)
- April 27, 2021
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Tax
If you have staff, including apprentices, you’d otherwise have to lay off due to the Covid-19 outbreak, the CJRS will pay a portion of an employee’s salary, up to a maximum of £2,500 a month. The CJRS has now been extended until 30 September 2021, which was announced in the Chancellor’s Spring Budget. The grant available through the
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