We’ve got you covered with all the latest news and views from KRW


At KRW we always have our finger on the pulse of the latest developments affecting businesses and business owners, as it helps us to give our clients relevant and timely advice.

From changes in tax legislation, through to new grants and allowances, you can rely on us to keep you updated.

More importantly we back this up with practical advice on how to make best use of new tax breaks and incentives to ensure you don’t miss out.

Much of this is delivered through our Tax Bulletin email newsletter which goes out to all of our clients, but is also offered free to non-clients too. Just click on the link below if you’d like to receive it in your inbox.

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Keeping our clients bang up-to-date with tax changes is at the very heart of our ethos at KRW


Keith Witchell
Director | KRW Accountants

Dividend tax rates to increase by 1.25% from April 2022


In a bid to level the playing field with business owners who take lower salaries and supplement their income with dividends which do not attract NIC, the government also announced an increase in dividend tax rates by 1.25% from April 2022.

Read More


Self employed class 4 NIC rates to increase by 1.25% from April 2022


In order to bring parity between employed and self-employed workers, it was confirmed that the 1.25% increase will also be applied to the Class 4 National Insurance rates paid by the self-employed (which includes partners in a partnership or LLP).

Read More


Employer NIC rates to increase by 1.25% from April 2022


Alongside the increase to employee NIC rates, it was also announced that the 1.25% increase will also apply to employer NIC contributions, from April 2022.

Read More


Employee NIC rates to increase by 1.25% from April 2022


The Prime Minister announced that in order to fund wide ranging reform to the health and social care sectors, it would be necessary to increase the rate of National Insurance paid by employees by 1.25% from April 2022.

Read More


Zero tax when selling your business with a holding company


With recent changes to Entrepreneurs Relief (now Business Asset Disposal Relief) many fear that the days are numbered for paying 10% tax when you sell your business.

Read More


What tax and NIC will i owe on the SEISS grants?


Now that we’re into the full swing of preparing 2020/21 Self Assessment Tax Returns, we’ve had a number of clients query their tax bills, which include tax and NIC owed on SEISS grants.

Read More


How to calculate your turnover reduction for the fifth SEISS grant


As set out in our Tax News article, the fifth SEISS grant opens at the end of this month, but this time there are two levels of grant dependent on your reduction in turnover as a result of COVID-19.

Read More


5th coronavirus grant for the self employed opens end of July


Earlier this month, HM Revenue & Customs issued some guidance about the fifth, and potentially final, Self Employed Income Support Scheme grant which kicks off at the end of this month.

Read More


Self employed income support scheme further grants confirmed


The Chancellor confirmed that there will be two further three-month grants for self-employed taxpayers once again set at 80% of past profits, and capped at £7.5k.

Read More


Urgent action needed to spread the payment of deferred vat bills


Almost a year ago, on the eve of the first lockdown, the Chancellor announced that businesses could defer their quarterly VAT liability falling due in April/May/June 2020 until the end of the tax year.

Read More


Optimum salary levels for company owners from april 2021


Every tax year the National Insurance and tax thresholds change, and we think carefully about the most tax efficient salary levels to recommend to company Directors.

Read More


What’s the crack with the super-deduction? what can i use it on?


Rishi Sunak certainly bigged up the new super-deduction in the Budget earlier this month, prompting many clients to get in touch to see how they can benefit from it.

Read More


Changes to self-employed income support scheme 4th and 5th grants


It was confirmed in the Budget earlier this month that two further SEISS grants will be available to self-employed taxpayers whose businesses continue to be adversely affected by Coronavirus.

Read More


New recovery loan scheme announced


With the current Bounce Back and Coronavirus Business Interruption Loan Schemes due to end soon, a new 80% government backed Recovery Loan Scheme has been announced offering loans between £25k and £10 million to support businesses through the next stage of their recovery.

Read More


New restart grants for hospitality, leisure, gyms & non-essential retail


£5 billion has been pledged to fund new Restart Grants which provide a one-off cash grant of up to £18,000 per premises for hospitality, accommodation, leisure, personal care and gym businesses in England.

Read More


Business rates relief for retail, hospitality & leisure extended


The current business rates holiday for certain sectors including retail, hospitality and leisure has been extended to 30 June 2021, as expected, with a 2/3rds discount then applied for 9 months up until 31 March 2022, to allow businesses in these sectors time to recover.

Read More


Tax relief for losses extended to allow 3 year carry back


n a bid to help businesses adversely affected by COVID, the usual rules that allow a business to carry back losses for one year have been amended to allow losses made in the 2020/21 and 2021/22 tax years to be carried back and offset against profits in the previous 3 years.

Read More


VAT, capital gains tax, pensions & inheritance tax thresholds also frozen


Alongside the freezing of the tax-free personal allowance and higher rate tax thresholds, the Chancellor also announced that the VAT registration threshold will be frozen at £85k for 3 years, while the Capital Gains Tax annual exemption of £12,300, the pensions Lifetime Allowance of £1,073,100, and the current Inheritance Tax thresholds will be frozen for 5 years until April 2026.

Read More


Stamp duty land tax cut extended


The current £500,000 threshold for Stamp Duty on residential properties that was due to end on 31 March 2021 has been extended to 30 June 2021. After this the usual threshold of £125,000 will be temporarily doubled to £250,000 for a further 3 months up until 30 September 2021.

Read More


VAT cut for hospitality & leisure sectors extended


The current much needed VAT cut to 5% for the hospitality and leisure sectors was due to end on 31 March 2021, but the Chancellor announced earlier today that it will be extended until 30 September 2021, after which it will be increased to 12.5% until 31 March 2022.

Read More


Super-deduction for companies investing their reserves for 2 years


Rishi Sunak announced that from April 2021 until March 2023 a super-deduction will be offered to any companies that invest in new equipment, by allowing 130% of what they invest to qualify for tax relief (currently 100% but subject to limits).

Read More


Furlough scheme extended until 30 september 2021


In better news, the Coronavirus Job Retention Scheme has been extended to 30 September 2021, although businesses will need to contribute 10% of the 80% wages paid to furloughed workers in July, and 20% of their 80% wages in August and September 2021.

Read More


Personal allowance and higher rate tax threshold frozen for 5 years


The Chancellor also announced that the new personal allowance of £12,570 which arrives in April 2021 will be frozen for 5 years until 2026.

Read More


Corporation tax rise to 25% from april 2023


Let’s start with the worst news first. In a bid to rebalance the books post COVID, Rishi Sunak announced a rise in the Corporation Tax rate to 25% from April 2023 which was higher than expected.

Read More


KRW team news: coronavirus business bounce-back loan scheme launches


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Furnished holiday lets could get £10,000 covid-19 grants


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Self-employment income support scheme goes live on 13 May 2020


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Can a director be furloughed under the job retention scheme?


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Can i reclaim vat if my business purchases a car?


HMRC will usually accept a small amount of incidental private use, for example stopping off for a sandwich on the way back from a business journey, but beyond that they are highly likely to challenge any recovery of VAT on the car’s purchase.

Read More


HMRC release draft guidance on Structures & Buildings Allowance (SBA)


In last year’s Budget, the Chancellor announced the introduction of a new capital allowance for new commercial structures and buildings, known as the SBA.

Read More


KRW team news: Introducing Heather May & Dominic McCabe


Due to our continued growth, and with one of the team retiring, we’ve been on the lookout for another bookkeeper and a Payroll Manager to join our team.

Read More


Salary can be cheaper than dividends for those over state retirement age


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


What tax relief can i claim for working from home?


Most business owners will do some of their work from home, but what tax relief can they claim for this? An unincorporated taxpayer (i.e., a sole trader or partner in a partnership) may be able to claim a proportion of its costs for working from home for things like:

Read More


Changes to VAT on vouchers from 1 January 2019


Changes to VAT on vouchers were introduced on 1 January 2019 for vouchers sold on or after that date.

Prior to this change, the sale of a voucher was treated as two separate supplies for VAT purposes; the supply of the physical voucher or gift card; and the underlying goods/services it can be exchanged for.

Read More


KRW: Your property tax experts


Buy-to-let landlords have been under attack in recent years with the 3% stamp duty surcharge, the restriction of tax relief for mortgage interest, and now changes to letting relief.

Read More


Employment allowance not available to larger businesses from April 2020


The Employment Allowance covers the first £3,000 pa of Employers National Insurance, and is currently available to all but the very smallest employers.

Read More


Save tax by employing your nanny through your company


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


How do the property and trading allowances work in practice?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


New 2% structures and buildings allowance


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Capital gains tax private residence relief- new restrictions added


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


VAT registration threshold frozen at £85,000 until 2022


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Entrepreneurs relief qualifying ownership period extended to 2 years


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


2% digital services tax on digital platforms arrives in April 2020


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


1/3rd rates discount for high street retail properites from April 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


National living wage increased to £8.21 per hour from april 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Annual investment allowance increased to £1m from January 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


IR35 reform to hit private sector in 2020, but small organisations exempt


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Personal allowance & higher rate threshold to rise from April 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Seminar – Making tax digital: is your business ready?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Maximise CGT private residence relief with careful planning


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


How does inheritance tax taper relief work in practice?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Callum celebrates ACCA exam success


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Avoid additional 3% stamp duty by buying a second property in a trust


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Will Entrepreneurs’ Relief apply if I sell a property used in my business?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Sarah Dymond & Sylvia Brookbanks


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Claiming the transferable marriage allowance


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


What are the Corporation Tax quarterly payment thresholds for a group?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Tax GDPR: KRW’s Privacy Policy


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Company cars for the kids


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Can any VAT be reclaimed when you take a client out to lunch?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Brooke Howard


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Does VAT need to be charged on wage costs recharged to another business?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


The value of a pre-year-end tax planning meeting


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


The tax advantages of holding shares in a holding company


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Can I claim rent-a-room relief if I am not living in the property throughout?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Auto Enrolment contribution increases from April 2018


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


How to reduce personal tax retrospectively


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


If an employee uses the company van, will a van benefit apply?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


How to reduce company car tax


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Seb Lord


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


How to calculate your turnover reduction for the fifth SEISS grant


As set out in our Tax News article, the fifth SEISS grant opens at the end of this month, but this time there are two levels of grant dependent on your reduction in turnover as a result of COVID-19.

Read More


Changes to self-employed income support scheme 4th and 5th grants


It was confirmed in the Budget earlier this month that two further SEISS grants will be available to self-employed taxpayers whose businesses continue to be adversely affected by Coronavirus.

Read More


KRW team news: coronavirus business bounce-back loan scheme launches


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


KRW team news: Introducing Heather May & Dominic McCabe


Due to our continued growth, and with one of the team retiring, we’ve been on the lookout for another bookkeeper and a Payroll Manager to join our team.

Read More


KRW: Your property tax experts


Buy-to-let landlords have been under attack in recent years with the 3% stamp duty surcharge, the restriction of tax relief for mortgage interest, and now changes to letting relief.

Read More


Seminar – Making tax digital: is your business ready?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Callum celebrates ACCA exam success


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Sarah Dymond & Sylvia Brookbanks


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Tax GDPR: KRW’s Privacy Policy


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Brooke Howard


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


The value of a pre-year-end tax planning meeting


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Auto Enrolment contribution increases from April 2018


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


KRW team news: Introducing Seb Lord


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Dividend tax rates to increase by 1.25% from April 2022


In a bid to level the playing field with business owners who take lower salaries and supplement their income with dividends which do not attract NIC, the government also announced an increase in dividend tax rates by 1.25% from April 2022.

Read More


Self employed class 4 NIC rates to increase by 1.25% from April 2022


In order to bring parity between employed and self-employed workers, it was confirmed that the 1.25% increase will also be applied to the Class 4 National Insurance rates paid by the self-employed (which includes partners in a partnership or LLP).

Read More


Employer NIC rates to increase by 1.25% from April 2022


Alongside the increase to employee NIC rates, it was also announced that the 1.25% increase will also apply to employer NIC contributions, from April 2022.

Read More


Employee NIC rates to increase by 1.25% from April 2022


The Prime Minister announced that in order to fund wide ranging reform to the health and social care sectors, it would be necessary to increase the rate of National Insurance paid by employees by 1.25% from April 2022.

Read More


5th coronavirus grant for the self employed opens end of July


Earlier this month, HM Revenue & Customs issued some guidance about the fifth, and potentially final, Self Employed Income Support Scheme grant which kicks off at the end of this month.

Read More


Self employed income support scheme further grants confirmed


The Chancellor confirmed that there will be two further three-month grants for self-employed taxpayers once again set at 80% of past profits, and capped at £7.5k.

Read More


Urgent action needed to spread the payment of deferred vat bills


Almost a year ago, on the eve of the first lockdown, the Chancellor announced that businesses could defer their quarterly VAT liability falling due in April/May/June 2020 until the end of the tax year.

Read More


New recovery loan scheme announced


With the current Bounce Back and Coronavirus Business Interruption Loan Schemes due to end soon, a new 80% government backed Recovery Loan Scheme has been announced offering loans between £25k and £10 million to support businesses through the next stage of their recovery.

Read More


New restart grants for hospitality, leisure, gyms & non-essential retail


£5 billion has been pledged to fund new Restart Grants which provide a one-off cash grant of up to £18,000 per premises for hospitality, accommodation, leisure, personal care and gym businesses in England.

Read More


Business rates relief for retail, hospitality & leisure extended


The current business rates holiday for certain sectors including retail, hospitality and leisure has been extended to 30 June 2021, as expected, with a 2/3rds discount then applied for 9 months up until 31 March 2022, to allow businesses in these sectors time to recover.

Read More


Tax relief for losses extended to allow 3 year carry back


n a bid to help businesses adversely affected by COVID, the usual rules that allow a business to carry back losses for one year have been amended to allow losses made in the 2020/21 and 2021/22 tax years to be carried back and offset against profits in the previous 3 years.

Read More


VAT, capital gains tax, pensions & inheritance tax thresholds also frozen


Alongside the freezing of the tax-free personal allowance and higher rate tax thresholds, the Chancellor also announced that the VAT registration threshold will be frozen at £85k for 3 years, while the Capital Gains Tax annual exemption of £12,300, the pensions Lifetime Allowance of £1,073,100, and the current Inheritance Tax thresholds will be frozen for 5 years until April 2026.

Read More


Stamp duty land tax cut extended


The current £500,000 threshold for Stamp Duty on residential properties that was due to end on 31 March 2021 has been extended to 30 June 2021. After this the usual threshold of £125,000 will be temporarily doubled to £250,000 for a further 3 months up until 30 September 2021.

Read More


VAT cut for hospitality & leisure sectors extended


The current much needed VAT cut to 5% for the hospitality and leisure sectors was due to end on 31 March 2021, but the Chancellor announced earlier today that it will be extended until 30 September 2021, after which it will be increased to 12.5% until 31 March 2022.

Read More


Super-deduction for companies investing their reserves for 2 years


Rishi Sunak announced that from April 2021 until March 2023 a super-deduction will be offered to any companies that invest in new equipment, by allowing 130% of what they invest to qualify for tax relief (currently 100% but subject to limits).

Read More


Furlough scheme extended until 30 september 2021


In better news, the Coronavirus Job Retention Scheme has been extended to 30 September 2021, although businesses will need to contribute 10% of the 80% wages paid to furloughed workers in July, and 20% of their 80% wages in August and September 2021.

Read More


Personal allowance and higher rate tax threshold frozen for 5 years


The Chancellor also announced that the new personal allowance of £12,570 which arrives in April 2021 will be frozen for 5 years until 2026.

Read More


Corporation tax rise to 25% from april 2023


Let’s start with the worst news first. In a bid to rebalance the books post COVID, Rishi Sunak announced a rise in the Corporation Tax rate to 25% from April 2023 which was higher than expected.

Read More


Self-employment income support scheme goes live on 13 May 2020


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


HMRC release draft guidance on Structures & Buildings Allowance (SBA)


In last year’s Budget, the Chancellor announced the introduction of a new capital allowance for new commercial structures and buildings, known as the SBA.

Read More


Changes to VAT on vouchers from 1 January 2019


Changes to VAT on vouchers were introduced on 1 January 2019 for vouchers sold on or after that date.

Prior to this change, the sale of a voucher was treated as two separate supplies for VAT purposes; the supply of the physical voucher or gift card; and the underlying goods/services it can be exchanged for.

Read More


Employment allowance not available to larger businesses from April 2020


The Employment Allowance covers the first £3,000 pa of Employers National Insurance, and is currently available to all but the very smallest employers.

Read More


New 2% structures and buildings allowance


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Capital gains tax private residence relief- new restrictions added


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


VAT registration threshold frozen at £85,000 until 2022


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Entrepreneurs relief qualifying ownership period extended to 2 years


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


2% digital services tax on digital platforms arrives in April 2020


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


1/3rd rates discount for high street retail properites from April 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


National living wage increased to £8.21 per hour from april 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Annual investment allowance increased to £1m from January 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


IR35 reform to hit private sector in 2020, but small organisations exempt


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Personal allowance & higher rate threshold to rise from April 2019


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More


Zero tax when selling your business with a holding company


With recent changes to Entrepreneurs Relief (now Business Asset Disposal Relief) many fear that the days are numbered for paying 10% tax when you sell your business.

Read More


Optimum salary levels for company owners from april 2021


Every tax year the National Insurance and tax thresholds change, and we think carefully about the most tax efficient salary levels to recommend to company Directors.

Read More


Furnished holiday lets could get £10,000 covid-19 grants


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Salary can be cheaper than dividends for those over state retirement age


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

Read More


Save tax by employing your nanny through your company


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Maximise CGT private residence relief with careful planning


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Avoid additional 3% stamp duty by buying a second property in a trust


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Claiming the transferable marriage allowance


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Company cars for the kids


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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The tax advantages of holding shares in a holding company


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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How to reduce personal tax retrospectively


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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How to reduce company car tax


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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What tax and NIC will i owe on the SEISS grants?


Now that we’re into the full swing of preparing 2020/21 Self Assessment Tax Returns, we’ve had a number of clients query their tax bills, which include tax and NIC owed on SEISS grants.

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What’s the crack with the super-deduction? what can i use it on?


Rishi Sunak certainly bigged up the new super-deduction in the Budget earlier this month, prompting many clients to get in touch to see how they can benefit from it.

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Can a director be furloughed under the job retention scheme?


Regular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a Director/shareholder to be paid by their company.

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Can i reclaim vat if my business purchases a car?


HMRC will usually accept a small amount of incidental private use, for example stopping off for a sandwich on the way back from a business journey, but beyond that they are highly likely to challenge any recovery of VAT on the car’s purchase.

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What tax relief can i claim for working from home?


Most business owners will do some of their work from home, but what tax relief can they claim for this? An unincorporated taxpayer (i.e., a sole trader or partner in a partnership) may be able to claim a proportion of its costs for working from home for things like:

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How do the property and trading allowances work in practice?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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How does inheritance tax taper relief work in practice?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Will Entrepreneurs’ Relief apply if I sell a property used in my business?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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What are the Corporation Tax quarterly payment thresholds for a group?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Can any VAT be reclaimed when you take a client out to lunch?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Does VAT need to be charged on wage costs recharged to another business?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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Can I claim rent-a-room relief if I am not living in the property throughout?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

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If an employee uses the company van, will a van benefit apply?


When you are alone for days or weeks at a time, you eventually become drawn to people. Talking to randos is the norm. After a long time I could witness the sunrise. I could feel the sun rays falling on my body.

Read More