by David Winfield | Aug 16, 2021 | Accounting News, Uncategorized
Whilst the Finance Bill 2021 was relatively low key, one announcement might mean a year has been slashed from a crucial Making Tax Digital (MTD) deadline for many unincorporated businesses. What’s the full story? A major aim of MTD is to bring the payment date for all...
by David Winfield | Jul 19, 2021 | Accounting News, Uncategorized
Your accountant has suggested transferring your business to a limited company to save tax and NI. While you’re leaving the red tape up to her are there any steps you can take to make the transfer even more tax efficient? Incorporating your business Despite...
by David Winfield | Apr 19, 2021 | Accounting News, Uncategorized
Business rates. In England, owners of holiday accommodation are liable to business rates rather than council tax. This applies where the landlord intends to let the property on commercial terms for 140 days or more in the financial year. At first sight, this might not...
by David Winfield | Mar 29, 2021 | Accounting News, Uncategorized
Further grants . Before Budget 2021 the Chancellor had already announced third and fourth instalments of the Self-Employment Income Support Scheme (SEISS) payments for sole traders, and members of partnerships, whose income had been hit by the pandemic. The Budget...
by David Winfield | Mar 24, 2021 | Accounting News, Uncategorized
If you have control over the salary and dividends you receive from your company, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected by the pandemic. What factors should you consider for maximum tax...
by David Winfield | Feb 1, 2021 | Accounting News, Uncategorized
A Supreme Court ruling means that many traders who lost income because of coronavirus will receive a payout on their business interruption insurance policies. How and when should this be reported for tax purposes? Court ruling. On 18 January 2021 the Supreme Court...
