Mar 30, 2022 | FAQ, Information, Misc, News, Tax
The new tax year on April 6 is accelerating quickly towards us, and now is the time to make sure that any last-minute allowances you may not have made the most of in the 2021/22 tax year are mopped up. There are plenty of allowances that have a time limit on each tax...
Mar 28, 2022 | Business Start Ups, Covid-19, FAQ, Loans
Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were non-taxable. Have you set money aside to deal with tax on support grants? HMRC...
Mar 10, 2022 | Business Start Ups, FAQ, Making Tax Digital, QuickBooks
Starting 1 April 2022, all VAT (value-added tax) registered businesses must comply with Making Tax Digital (MTD), regardless of what their turnover is. Up until that point, businesses under the VAT threshold (turnover less than £85,000 per year) didn’t have to comply...
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...
