Blog

Payroll is a vitally important function within a business and never more so now that the Government has confirmed that it will be paying furloughed workers* up to 80% of their wages through reimbursement via HMRC. During these uncertain times, businesses must know that they can rely on the support of their payroll advisers to… Read more

Coronavirus: what landlords need to know As part of their ongoing response to the coronavirus pandemic, the Government has now published the Coronavirus Bill 2020. This bill will require a number of temporary changes to the way the private rented sector operates. The package of reforms to help renters announced are – extending notice periods… Read more

INTRODUCTION FROM KIRSTY MCGREGOR, THE CORPORATE FINANCE NETWORK The advice is relevant and correct up to 12 May 2020 The Corporate Finance Network consists of regional accountancy firms, some of the leading SME business advisers in the UK and I am very proud that they have come together in a very quick way, to collate… Read more

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’. It is a Budget of a government that gets things done’. Our summary… Read more

The Government is extending £1m annual investment allowance cap for a further year, in a bid to stimulate investment. The Annual Investment Allowance (AIA) offers 100% tax relief to businesses that need to purchase business equipment. It allows your business to deduct the total amount spent on qualifying equipment from your taxable profits. On 1… Read more

It’s a pretty basic question; “What can I claim, for working from home?” The answer is straightforward only when you recognise the variations in practice. The self employed have different rules compared to employees, so here we explain what tax relief each can claim. For help and advice, get in touch with our tax team… Read more

Does your business own or rent commercial property? Or are you considering steps in this direction? If so, it is worth discussing the possibility of ownership via Self Invested Personal Pensions (SIPP) or Small Self-Administered Schemes (SSAS). The tax benefits can be significant! A face to face meeting to discuss your own circumstances is the… Read more

For over 1.5 million Brits, their future financial hopes and aspirations are pinned on holding property they don’t live in and letting out to others. In the 2017/2018 tax year, the average landlord owned between 1-4 properties each. For many landlords, it’s a family affair – they’ll own their property together with their spouse or… Read more

It’s a fact of life (and death) that eventually all of us will have to exit our business one day.  Either in an organised way…or not. So, whilst day to day we may be continually running on that hamster wheel with our heads down, at some point, we need to look up & really assess… Read more

We know the tax year runs from 6 April 2019 to 5 April 2020, yet effective tax planning needn’t be left until the end of the tax year. Here are some tips to get you ahead. Consider topping up your pension Normally, between you and your employer, you can pay a maximum of £40,000 (or… Read more