• How can I pay back my deferred VAT?

    • June 19, 2020
    • Posted by: admin
    • Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
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    As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20‌‌ March and 30‌‌ June 2020 can be deferred until 31‌‌ March 2021. However,

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  • What expenses can you claim when working from home?

    • June 5, 2020
    • Posted by: admin
    • Category: Business Growth, Business plans, Contractors, Expenses, Tax
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    In light of the current pandemic, many contractors have found that they have been forced to work from home. While this means that we will no longer be able to claim expenses such as travel and to some extent subsistence, there are still other expenses we can claim which you may not be familiar with.

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  • How the Self-employment Income Support Scheme (SEISS) will work

    • April 12, 2020
    • Posted by: admin
    • Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
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    The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The Government announcement on Thursday 26th March sets out the basics of who’s eligible and how it will work. Self-employment Income Support Scheme (SEISS) The scheme will provide a grant to self-employed individuals

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  • Government publishes draft IR35 legislation for private sector off-payroll rules

    • July 15, 2019
    • Posted by: admin
    • Category: Business Growth, Contractors, Expenses, Making Tax Digital (MTD), Property, Tax
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    Draft IR35 legislation for off-payroll working in the private sector has today been published in Finance Bill 2019/20, containing a vow to forge ahead with the reforms from next April. ‘Necessary employment taxes’ Unveiling the bill last Thursday, the Treasury minister also said: “The government has previously announced that it will improve compliance with the

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