by Gareth Thomas | Jan 19, 2025 | Accounting, Coronavirus, Downloads, Finance, Investments, Property, Taxes
The Autumn 2024 Budget brought a surprising bit of stability for property owners: the rates of capital gains tax (CGT) for residential property gains remain unchanged. With the top rate for residential property gains staying at 24%—down from 28% in recent years—some...
by Megan Wellman | Jan 25, 2022 | Accounting, Business, Coronavirus, Finance, Taxes
Do you have to report Covid-19 Support Payments on your tax return? If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. If you are an employee and you were furloughed...
by Megan Wellman | Nov 15, 2021 | Accounting, Coronavirus, Employment, Finance, Taxes
It is easy to forget about grants that you have received in the past and the fact that they must be included in your next personal tax return. Time has passed since the Self-Employment Income Support Scheme (SEISS) launched in May 2020 which offered three grants. If...
by Charlie Clayton | Jan 20, 2021 | Accounting, Business, Coronavirus
It’s been a tricky 12 months and cashflow has been tight for many businesses. Knowing what you are eligible for is a great way of protecting your business and ensuring you are as financially robust as possible. And the starting point for this is to access all of...
by Charlie Clayton | Jan 7, 2021 | Accounting, Coronavirus
Never has there been a more crucial time to ensure you cashflow is managed correctly. With the reintroduction of restrictions, it’s paramount to do everything you can to improve your cashflow. The Bank of England estimates that the UK’s small companies could face a...
by Jon Davies | Dec 7, 2020 | Coronavirus, Finance, Taxes
It’s rare we actually use HMRC’s words verbatim, but we thought it would be useful to share the update from last week on when deferred VAT needs to be paid: If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay...
