Posts Tagged: Ilyas

Expanded Coronavirus Help

Find out about the expanded Coronavirus help. Job Support Scheme Changes The Chancellor has recently announced an expansion to the help that businesses can claim under the Job Support Scheme. The announcement stated that when a business is forced to close due to local or national restrictions, the Government will pay 67% of the employees’… Read more »

Dividend Tax

1 day to delay tax by 12 months   What is the issue? Dividends are generally taxable on the date they were received. This sounds simple, but if the tax rate changes this can be vital to avoid overpaying tax. For example, a dividend was received on the 5th April 2020, then the tax on… Read more »

We’re Moving!

We’re pleased to announce that as of Monday the 12th October 2020 we will be moving to our new office! After many years at 34, Watling Street Road, our continued growth means that we need an office which can accommodate our future potential. Our new address is: Soloman House Belgrave Court Fulwood Preston PR2 9PL… Read more »

Local Lockdown Cash Grant

Find out about the cash grant for businesses affected by local lockdowns.     What is it?   The government has announced several local lockdowns, during which some businesses have to close their doors. To help these businesses, and to protect jobs, the Government has announced a new cash grant. You will only be eligible… Read more »

Job Support Scheme

Find out about the Chancellor’s new Job Support Scheme. What is it? Although the furlough scheme is coming to an end on the 31st of October 2020, the Chancellor has announced the new job support scheme, which will run from the 1st November for 6 months. This will help to pay the wages of workers… Read more »

Kickstart Your Business

Find out about the Government’s Kickstart Scheme for Under 25s     What is it? The Government’s Kickstart Scheme has opened for applicants, but what is it? It has been created by the Government to help young unemployed people. The Government will provide funds to cover a six month job placement for people who are… Read more »

Tax Efficient Holiday Lets

Although the idea of jetting off on holiday might seem a long way off, the return to going on holiday will probably start with a lot more people staying in the UK.     What is it? Over the past few years, Airbnb has become an essential part of the holiday industry. The way Airbnb… Read more »

Tax relief on pension contributions

Following HMRC’s victory in court they could reclaim millions of pounds in tax.   What contributions are there? If you are a UK taxpayer you can get tax relief on pension contributions of up to 100% of you earnings, or £40,000 whichever is lower. This means that some money that would otherwise go the tax… Read more »

Tax Relief When Working From Home

HMRC allows some generous tax reliefs for both employees and the self employed who are working from home. If you are working from home, then you may be entitled to claim tax relief. This is restricted to the purchase of items “wholly, exclusively and necessarily” for work. This may include: The additional cost of gas… Read more »