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Are taxes set to rise for the middle-class and above?

:: in December 27, 2020 :: in Blog, Uncategorized :: Comments Off on Are taxes set to rise for the middle-class and above?

With the debt increasing by the hour due to the Governments restrictions on trading businesses resulting from Covid-19, it is becoming very clear that the way the Government tries to balance its books must change.  One such way, suggested by the ‘Wealth Tax Commission’, is to charge a wealth tax…

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Tax relief for loans made to traders

:: in December 4, 2020 :: in Blog, Uncategorized :: Comments Off on Tax relief for loans made to traders

With the continued lock downs of Covid-19 it is unfortunate that some people who lent money to a trader may not be able to recover it.  If the trader goes bankruptcy or into liquidation then there could be some relief by treating the lost money as a capital loss.  This…

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Working from home portal for employed staff

:: in November 21, 2020 :: in Blog, Uncategorized :: Comments Off on Working from home portal for employed staff

HMRC have launched their portal for employees who have to work from home and can claim the £6 per week tax allowance.  For employees to be able to do this, the employer must confirm the employee has to work from home and there is no choice in the venue for…

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Tax Considerations For Employees Working From Home

:: in October 30, 2020 :: in Blog, Uncategorized :: Comments Off on Tax Considerations For Employees Working From Home

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…

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Getting Your Tax Relief on Commercial Buildings

:: in October 21, 2020 :: in Blog, Uncategorized :: Comments Off on Getting Your Tax Relief on Commercial Buildings

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…

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