No matter whether you’re a company owner, sole trader or an employee, here is everything you need to know to maximise expense claims. HMRC allow many expenses arising from work to be reported as business expenses, reducing the income subject to tax. There are rules to follow though. Some items are allowable and some are […]
Maximise Expense Claims – Know How You Can Increase Profits and Save Tax Read More »
This is a subject that I will be returning to in much more detail later. However, I wanted to highlight one bit of good news; HMRC has again postponed the implementation of MTD ITSA for individuals until April 2024 at the earliest. Partnerships will be at least a year later. What is “MTD ITSA”? Making
In April 2021 the changes to HMRC’s off-payroll working rules, commonly known as IR35, finally became effective. They had been planned for April 2020 but will put back by a year because of COVID. This is significant change to the market for temporary workers. Combined with the uncertainty caused by the COVID emergency, many contracts
With the winding down by the government of the Covid emergency response measures, financial support for small businesses via HMRC is also coming to an end. There are still some residual issues with the financial support. I have no doubt HMRC will continue to carry out further checks on grants paid. But this does not
Financial Support For Businesses During COVID – HMRC Do Make Mistakes! Read More »
If you are a start-up owner, chances are you’ve considered hiring an accountant to help you with your increasing profits. Big firms will process your tax returns and then move onto the next client, and you may find you get passed around different consultants. Smaller accounting firms will provide a far more personal service, give
The Right Accountant For Your E-commerce Business Read More »
With a large proportion of the population working from home since 2020 because of the Coronavirus pandemic, a lot of you may be wondering what happens with your tax returns. Staying at home more means larger bills, so your overall costs will be greater than usual. You may be able to claim tax relief for
The minimum wage is in place to protect workers from being underpaid. The precise terms of it are reviewed annually. There are two types of the minimum wage, National Living Wage and National Minimum Wage. National Living Wage and National Minimum Wage Before this coming tax year, the minimum wage applies to workers under 25,
You’ve all heard the phrase, “modern problems require modern solutions,” and increasing numbers of today’s solutions, to age-old financial problems, are internet-based. Aston Black Accountants offers cloud-based accounting to streamline your processes, ensure security and accuracy are upheld. This will all save you money and time, allowing you to focus on running your business. What
Smash Your Targets With Xero Cloud Accounting Software Read More »
Amazon is without a doubt the largest e-commerce service there is. When you consider the fact that it seems to stock most products you could ever imagine at the most reasonable prices and unparalleled customer support, and delivery speeds, this fact is unsurprising. It certainly revolutionised how people shop. Not only that, but it has
In the tax year just gone, electric company cars counted as tax-free benefits. Meaning, if you were given an electric car for work, you would not be taxed on its value. This policy is changing for 2021/22, read on to learn how and why. How Taxable benefits on company cars are calculated, based on an
