Apr 12, 2022 | Business Start Ups, Expenses, FAQ, Information, Tax, Vault
A tax charge may arise if an employee is able to use a company car or van for private use. A further charge will arise if you provide the fuel for any private use. The taxable amounts that will apply for 2022/23 have now been announced. Company cars Where an employee...
Nov 8, 2021 | Expenses, Vault
In the UK, if you are making taxable supplies and your turnover exceeds £85,000, you must register for VAT. In certain circumstances, even if your turnover has not exceeded the threshold, you can voluntarily register for VAT. From April 2019, most businesses (there...
Aug 14, 2021 | Expenses, Vault
The eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July...
Mar 25, 2021 | Expenses, Vault
Here is the latest advice from HMRC regarding the Business Interruption Loan Scheme. What is it? The temporary Coronavirus Business Interruption Loan Scheme supports small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset...
Mar 19, 2021 | Expenses, Information, Vault
We understand that many of our clients are concerned about their cash flow during the Coronavirus Covid-19 outbreak and so we have put together a brief summary of the support available. This is changing on a daily basis and so we will continue to update the...
Mar 3, 2019 | Expenses, Vault
What are national insurance contributions? National Insurance contributions are a tax on earnings which build your entitlement to certain state benefits, such as the State Pension and Maternity Allowance. Your national insurance payments go towards state benefits and...
