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Personal Tax Planning Part 2: Capital Gains Tax Planning

Planning for Capital Gains Tax Put simply - as we’re sure the vast majority are aware of what CGT is by now -  Capital Gains Tax is a tax allocated against the profit made when selling an asset that has increased in value.  It is only the gain that is taxed, not the...

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VAT Deferral Payment Plan Scheme

Over half a million businesses deferred their VAT payments in 2020 taking advantage of the government’s support during the Coronavirus crisis.  In order to help businesses to make these deferred VAT payments, the government has recently set-up a HMRC portal to join...

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Personal Tax Planning Part 1: How to Reduce your Income Tax

When it comes to your personal finances, we know every penny counts.  Depending on your circumstances there are certain planning activities you can do to take advantage of various tax reliefs and reduce your tax liability. Early tax planning activities can ensure you...

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2021 Budget Breakdown

There has been an increasing level of expectation on the 2021 budget among many who have been suffering as a result of the pandemic and other factors, particularly among many of the 3 million forgotten self-employed individuals who have thus far received little to no...

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Do I need to Complete a Self Assessment Tax Return?

If you’ve recently started earning additional income, come into some money, or have received gains from any investments, you may be required to declare it to HMRC and complete a Self Assessment tax return.  If you’re wondering whether you may or may not need to...

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9 Considerations when Starting your New Business

In the early days of starting a business there are so many important choices to make that can often be the difference between setting up for success, or struggling through those first few years.   While most decisions aren’t likely to be as straightforward as ‘make or...

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Coronavirus Recovery Grants for SME’s

The Minister for regional Growth and Local Government announced on 30th July that small and medium sized businesses (SMEs) will be able to access funding to help them adapt and recover from the effects of the Coronavirus (Covid-19) pandemic.  The £20m recovery grants...

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The Chancellor’s Winter Economic Plan – The Headlines 

Earlier today, the Chancellor of the Exchequer, Rishi Sunak, laid out the latest package of economic measures intended to continue to support businesses and protect jobs where possible, as the UK faces stricter restrictions in the face of rising coronavirus cases. ...

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Working From Home – How to Claim Tax Relief

Over the past few months, an unprecedented number of people within the UK have taken to working from home as businesses around the country close their offices in order to help stop the spread of Coronavirus.  Many pundits believe that home working, or a home & office...

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