RTI penalties and period of grace Under real time information (RTI), employers are required to report pay and deductions information to...

Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for...

Are you a director or shareholder who has loaned money to their company to help keep it afloat? Where a director borrows money in order...

If you became self employed in 2020 or 2021, it’s likely that you weren’t eligible for any government grant, probably realised a loss...

If you’ve provided taxable benefits and expenses to your employees this year you will need to let HMRC know by 6 July 2021. Employers who...

Tax allowances for income, capital gains tax, inheritance tax and more have been frozen until April 2026 to help meet some of the cost of...

Take advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where...

Further grants for the self-employed. If you missed out on the first grants, you may now be eligible to claim. The Self-Employment...

A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further...

As a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are...

Beware if your income falls - HMRC could seek to recover the tax from you Where a Gift Aid declaration is made, the recipient charity can...

Many employees will have spent much if not all of the last year working from home, and the trend looks set to stay. While the tax system...

If you provide services through an intermediary (company or partnership) here's what you need to know. Prior to 6 April 2021, workers who...

A super decision tree from FreeAgent The information contained within in this article is provided for informational purposes only and is...

You made it and filed your self-assessment return for 2019/20 by 31st January 2021. However, having felt pleased with yourself, you...

Here's a recap on 'trivial benefits' ahead of party season! As an employer you'll want to be aware of the tax treatment of gifts and...

Are you claiming everything your entitled to? You might be able to claim tax relief if: you use your own money for things that you must...

You may have to pay additional tax if you receive child benefit and have income over £50,000 You are entitled to child benefit if you...

Hint: almost definitely yes! When does that hobby turn into a business? That side-line become taxable? 'Trade' Trading profits are...

What is it? Who has to do it? How do I go about it? Her Majesty's Revenue and Customs (HMRC) collects income tax from individuals via...