Christmas & New Year Opening Hours 2024
Our standard office hours of 9am – 5pm Monday – Thursday remain until 5pm on Thursday 19th of December. We will re-open in the New Year on Monday 6th January 2025 at 9am.
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How landlords can save tax with the Marriage Allowance
In the UK, landlords are able to save tax by sharing the Personal Allowance of their lower-earning spouse. This way, they can maximise the total household’s take-home pay without falling foul of the taxman. What is the Marriage Allowance? The Marriage Allowance is a tax perk for married couples and those in civil partnerships. It […]
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Declaring SEISS grants on your Self Assessment tax return
The Self-Employed Income Support Scheme (SEISS) has been a lifeline to many sole traders during the coronavirus pandemic. Provided they’ve met the necessary criteria, these individuals have been supplemented with up to 80% of their average trading profits. However, these grants are taxable – meaning that they’re subject to income tax and National Insurance contributions […]
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Financial support for businesses affected by Coronavirus (COVID-19)
Financial support for businesses Advice for businesses and employees affected by Coronavirus (COVID-19). Latest government guidance – Financial support for businesses during Coronavirus https://www.bcpcouncil.gov.uk/News/News-Features/COVID-19/Employers-and-businesses/Financial-support-for-businesses/Financial-support-for-businesses.aspx
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Relief for taxpayers as HMRC offers deferral on July payment
HMRC estimates that the move could boost cash flow for self assessment customers by £11.8 billion. The UK tax body HMRC is reminding taxpayers that anyone who has difficulty paying their second 2019/2020 self assessment payment on account can defer the payment until 31 January 2021. Around 2.7 million taxpayers are eligible for deferral, of which 1.3 million are self-employed. […]
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A guide to the Self-Employment Income Support Scheme
On the 25 March 2020, Chancellor Rishi Sunak announced the Self-Employment Income Support Scheme (SEISS). This allowed HMRC to calculate and provide an appropriate taxable grant to self-employed individuals ‘whose livelihoods are adversely affected by coronavirus’, based on their average income. The news was well-received. There had been concern that the self-employed would need to wait […]
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Financial Support for Business during this pandemic
The government have introduced unprecedented help for businesses and further measures are in the pipeline. This link gives more information: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses Please call and speak to your normal contact if you would like to talk these through.
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Budget statement 2020
The new chancellor of the exchequer, Rishi Sunak, has been in post for less than a month following the resignation of his predecessor. He has been catapulted into the hot seat just as the government attempts to deal with the triple whammy of coronavirus, the effects of several major winter storms and the ongoing negotiations […]
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Pensions for business owners
Pension planning can be a crucial part of ensuring a secure and comfortable retirement. The sooner you invest in a pension the more you will have available to make the most of your retirement. As a business owner, pension planning should be part of your overall planning for how best to finance your business and […]
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What are you paying your accountant for?
The popular image of an accountant is of someone with an encyclopaedic knowledge of tax rules who spends their days tapping figures into a calculator. But these days, the truth is somewhat different Much of the number crunching traditionally performed by accountants can now be handled by decent accounting software. You can use this to automate […]
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