If a company makes a trading loss of no more than £200,000 in an accounting period, it is now possible to claim relief for that loss even though the corporation…
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Small businesses with turnover below £150,000 may join the VAT flat rate scheme which makes their VAT accounting much simpler as they pay HMRC a percentage of their VAT inclusive…
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It is fairly common, particularly in the summer holidays, to pay a deposit when booking a hotel or self-catering accommodation but how should the deposit be accounted for? HMRC have…
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It was confirmed in the budget that the new rules for workers providing their services through personal service companies would start from 6th April 2020. However, it has subsequently been…
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Now that Boris Johnson and his Conservative party have won the General Election will we finally “Get Brexit Done”? More importantly, can the Government now get on with running the…
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SAVE TAX At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the…
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Why are we making tax digital? Her Majesty’s Revenue and Customs (HMRC) proposes to move to a fully digital based tax system. By the end of the 2020/21 tax…
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For the majority of working parents, especially those with preschool children, the cost of good childcare can be a significant monthly expense, often in excess of the cost of…
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