Category Archives: Self Assessment

Can I use company funds to instal solar panels?

You’re working from home and feel that you’d be more energy efficient if you purchased solar panels for your home. This would also allow you to continue to work from home when power cuts occur. Can you use company funds to pay for installing solar panels? TL:DR No time to read? Our quick advice would […]

What can I claim for working from home?

use of home

You’re working from home, and incurring expenses to do so, so what can you claim through your business? You have 2 options: 1. HMRC approved rates 2. Claiming a percentage of your household bills. So let’s look at each in turn. 1. HMRC approved rates The easiest way to claim for working from home is […]

How we can assist with a tax investigation from HMRC

Tax investigations are expensive, intrusive and stressful. The cost of an enquiry can seriously impact your financial security, and your health Register here if you’d like to be included in our tax investigation insurance from 1 April 2023 to 31 March 2024. No business is too small or too large for HMRC to challenge, but […]

5 Top Tax Tips to Pay Less Personal Tax

It’s nearly the end of the tax year, but you still have time to make a difference to your tax bill! We’ve put together our 5 top tax tips to help you to pay less personal tax. If you’re looking for ways to reduce your business tax, then we have you covered too, with our […]

How to claim the 5th SEISS Self Employment Grant

The 5th self employment grant (SEISS) will be open for claims from late July 2021! The deadline to claim is 30 September 2021   We’re waiting for more guidance which should be available by the end of June 2021, so do keep an eye on this page. This is the 5th grant for the self-employed, […]

Claim your 2nd Grant for the Self Employed Income Support Scheme (SEISS) from 17 August 2020

Today’s the day you can claim your 2nd grant for the Self Employed Income Support Scheme. Let’s have a look at who can claim, and how.   What is the 2nd grant? This 2nd grant covers the period 1 June 2020 to 31 August 2020 The grant will be 70% of your average profits, in […]

29 May 2020: Updates to Furlough and Self-Employment Grants

The Chancellor announced that changes were coming to the Coronavirus Job Retention Scheme some time ago, so we’ve been waiting for updates for a while. We knew the scheme was extending to 31 October 2020, and that there would be some part-time furlough, but that’s all we knew. So Friday’s announcements were very welcome. **Please […]

How much tax do you pay if you’re a foster carer?

You’ve made the decision to become a foster carer, but what how much income could you receive, and how much tax  do you pay? If you’re still thinking about becoming a foster carer, and you’re in North Wales or the North West of England, we recommend that you talk to 1st Affinity Fostering Service, who […]

Budget 2018 – It’s Personal!

Today’s Budget brought good news for UK taxpayers.  We’re bringing you our Budget 2018 – It’s Personal! If you’re a UK business owner too, have a read of our blog:  Budget 2018 – The Business Bits We’re just bringing the best bits here, otherwise you’ll slope off to Facebook or Insta! Personal Allowance Increase brought forward […]