Mar 25, 2021 | Information
What is it? Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to...
Mar 19, 2021 | Expenses, Information
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...
May 12, 2019 | Information
Many people purchase a second property to let out either for long term lets or furnished holiday lets. Before you start it is important to be aware of the tax implications of owning a second home. Stamp Duty Land Tax You pay Stamp Duty Land Tax when you purchase a...
Oct 1, 2018 | Information
What expenses can I claim against my rental income? We are often asked which expenses are allowable costs against rental income. There are many that are allowable but it is important to understand the difference between a CAPITAL expense and a REVENUE expense. For...
May 22, 2018 | Information
If you are self-employed and work from home you can claim home office expenses on your tax return. Which home office expenses are tax deductible? Mortgage or rent Utilities – gas and electric Council tax Telephone and broadband Water Property repairs How much can I...
Mar 13, 2018 | Information
North Devon Accounts expertise in Quickbooks has been recognised with the awarding of Quickbooks ProAdvisor Status. This means that we are qualified providers of Quickbooks. Our services include setting up your Quickbooks account, training for you and your staff and...
