Did you send your employee home to work? If so, HMRC have issued guidance which can be found here https://www.gov.uk/guidance/check-which-expenses-are-taxable-if-your-employee-works-from-home-due-to-coronavirus-covid-19 Generally, where expenses payments are made to, or benefits-in-kind are provided for, an employee they are deemed to have been made or provided by reason of that employment and are regarded as part of the […]
Monthly Archives: October 2020
21
Oct
Oct
If you are a company that will buy or construct a commercial property for use in your business then the Government has increased the yearly allowance. The scheme is known as ‘The Structures and Buildings Allowance (SBA)’, and you can now obtain a flat 3% rate per year thereby obtaining full corporation tax relief over […]
06
Oct
Oct
A Thought from Our Managing Director Most of us agree that taxes will need to go up if the Country’s finances are to be put back in order. The Chancellor has helped traders again by stating if you can’t pay your tax bills by 31st January 2021, you can extend payment by twelve months […]