by Megan Wellman | Jun 4, 2022 | Accounting, Finance, Investments
What happens if holiday lets rules aren’t compiled with? When it comes to letting property, not all are equal when it comes to tax – lettings that qualify as ‘furnished holiday lettings’ (FHLs) benefit from special tax rules. The operation of a FHL is deemed to...
by Megan Wellman | May 12, 2022 | Accounting, Employment, Finance
How do you report and pay tax on UK residential property gains? Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported to HMRC and a payment made on account of the associated tax liability. The good news is...
by Megan Wellman | Feb 7, 2022 | Accounting, Business, Investments
Are there Tax and NIC implications for private bills being paid by a company? Working from home during the Coronavirus pandemic created a range of tax issues, not least where private bills, such as for internet usage, were paid for by the company. The tax and NIC...
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 Jon Davies | Apr 12, 2021 | JDA News
Let’s face it – 2021 didn’t get off to the greatest start. We had the first impacts of Brexit causing delays, custom charges, and lots of extra admin. And then, of course, the new lockdown kicked in. But, overall, spring has now sprung and people are...
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...
