Posts Tagged: Patel

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 »

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 »

Posh Log Cabin → Office → Business Expense?

Find out whether your garden office could be a business expense.     What is it? Working from home has been the dream for countless people across the country, and because of Covid-19 they have been doing, though not quite in the manner many expected. If Covid-19 continues and more people are working from home,… 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 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 »

Income Tax Deferral for the Self-employed

What help is available from HMRC?     What is it? The Self-Assessment payment on account, that is ordinarily due to be paid by July 2020 may now be deferred until January 2021. This deferral is optional, and you can pay the second payment normally if you wish, to avoid a large payment in January… Read more »

Some workers may be better off thanks to furlough

Find out how employees could be better off thanks to the Government’s furlough scheme.     What is furlough? The Government’s furlough scheme allows companies to retain staff through the Coronavirus, whist the government pays up to 80% of the employee’s wages.   How can employees be better off? During the period of furlough the… Read more »