What help is there for Sole Traders! Lockdown has most likely left you anxious about your future and desperate to find away to financially survive until June. Regardless of your political persuasion the government are doing there very best to help you get through. Click here to look at our blog issued after Rishi’s announcement. … Read moreHelp for Sole Traders
More information on the job retention scheme … 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 employees who have been asked … Read moreMore Information On The Job Retention Scheme…
What did Rishi mean I get 80%? The government has at last announced a package of support for self-employed individuals and clarified more about how to access the coronavirus job retention scheme. Let’s start with the Coronavirus Job Retention Scheme: In terms of the clarified advice on the Coronavirus Job Retention Scheme, we have learnt: … Read moreWhat did Rishi mean I get 80%?
Here to Help You and Your Business TOGETHER On Friday the 21st of March the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: The Coronavirus Job Retention Scheme Deferring VAT and Income Tax … Read moreHere to Help You and Your Business Together.
Capital Gains rules are changing! If you are a property investor or “accidental” landlord this is the blog for you. From the 6th of April 2020 the changes to Capital Gains tax rules will affect the sale of second homes and rental properties. . Capital Gains Tax Capital Gains Tax is paid at the following … Read moreCapital Gains rules are changing!
Don’t let the Christmas period get in the way of the self-assessment deadline! Christmas is always a busy time of year, but for us it doesn’t stop after the festivities are over. With the Self-Assessment tax return deadline on January 31st, January is our busiest time of year. A self-assessment tax return is required if … Read moreDon’t let the Christmas period get in the way of the Self-Assessment deadline!
No one wants a Tax Investigation. It is true that as business owners we don’t want HMRC asking awkward questions and taking up our precious time by visiting us on a routine (or not!) compliance visit. This week two of our clients have been subject to compliance visits from HMRC, one for PAYE and CIS, … Read moreNo one wants a Tax Investigation.
Is the Jaguar i-pace a good company car? Here at 1 Accounts in Haverhill and Cambridge we are often asked can I buy a car within the company? The answer is of course yes. However when benefit in kind tax and class 1A National Insurance is explained our clients most likely either buy the car … Read moreIs the Jaguar i-Pace a good company car?
Making Tax Digital – Are You Ready? July 2019 marks the period that you have to submit your VAT returns using HMRC’s new Making Tax Digital (MTD) regime. Already Accountants, VAT registered businesses and HMRC are struggling to cope. Take a look at Accounting Web’s report on how HMRC’s systems were already struggling in May … Read moreMaking Tax Digital – Are You Ready?
POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF The government is currently consulting on important changes to private residence relief that are likely to be introduced from 6 April 2020. The two possible changes, announced in the Autumn 2018 Budget are: Firstly to limit to just 9 months the period prior to disposal that counts as … Read morePOSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF