P87: Tax Relief for Employees working from home
With Boris and his happy band of followers urging as many of us as possible to work from home to; I’ve had an increasing level of enquiries recently, as to what exactly you can claim for if you work from home. There is clearly much confusion about what expenses you can claim tax relief on. […]
Tax Changes 2021: What to expect
The truly dreadful year of 2020 is behind us, so what will we face in 2021? For a start, there is Brexit, at least two Budgets, and new VAT rules on top of all the usual tax issues. In 2020 planning was pretty much pointless, as almost every week there was yet another tax-related announcement […]
Coronavirus business update – Lockdown 3
Just when I was starting to think that my series of Blogs on Coronavirus business updates had run its course, lo and behold it appears that we’re almost back to square one. Chancellor Rishi Sunak announced on Tuesday a one-off grant worth up to £9,000 for businesses in retail, hospitality and leisure as part of […]
Waive Late Filing Penalties
In early December, all of the leading accountancy bodies the ACCA, CIOT, AAT, ICAEW and ICAS, put a joint submission to HMRC, asking them to ease the self-assessment deadline due to the Covid-19 workload pressures that all accountants are under. Responding to the joint letter from the accountancy bodies, HMRC’s chief executive Jim Harra said […]
HMRC to name and shame in an anti-fraud move
HMRC is to publish a list of businesses who are continuing to claim for furloughed employees in an attempt to reduce fraud. Employers will face the dilemma of whether to furlough employees or risk-averse publicity as new measures to name recipients come into force. Chancellor Rishi Sunak has instructed HMRC to publish information about employers […]
Working from your shed? Garden Office Tax Relief
Although we’re technically out of lockdown, it doesn’t much feel like it to most individuals. Also, unless your job necessitates you physically going to your place of work, such as an electrician or a mechanic, the Government is still urging us to work from home, where possible. This rather neatly brings me on to the […]
What to get an Accountant at Covid Christmas
This Christmas is going to be a bit different this year with Covid-19, lockdowns and financial restrictions. However, if you do fancy getting your accountant a present this year we have a couple of handy hints for you. But help is at hand! I’ve put together a one or two potential stocking fillers for figure […]
Coronavirus Economic Forecast
On Wednesday in the House of Commons, the Chancellor made a major speech on Coronavirus and the economy and the news was not good. Rishi Sunak set out what the UK government will spend on health, education, transport and other public services next year. He also briefed MPs about the state of the UK economy […]
Tax Accountant’s Guide on how to cope with the pandemic
I had a bit of time on my hands this week, so with no new tax news or major announcements by the Chancellor, I scoured my sources for something that I could at least smile about. The Coronavirus outbreak has been devastating, globally. Of that, we can all agree. With the casualties rising, worrying press […]
Corona Virus Business News: Late Filing Penalties 2021
Pressure mounts to extend 31st January deadline As the constant coronavirus workload drags on, all accountants are increasingly raising concerns about the 31st January self-assessment deadline. The leading accounting bodies, led by the ICAEW, have raised concerns about the impact of the coronavirus and the effect this has had on individual accountants due to an […]
