Category Archives: Tax

Questions on the 80% HMRC grant for furloughed employees

The Chancellor announced on Friday 20 March 2020 that any employees being furloughed (temporarily laid off) would be paid 80% of their wage, under a new Job Retention Scheme, so here’s what we know so far. Please check out our main Stay Positive COVID19 page for other info. We also have a specific page for […]

You say I don’t need to pay tax now, but which are automatically deferred, and which do I have to arrange?

The Government has announced a lot of support for Small Businesses, to help us through the current Pandemic. Some of the financial support announced includes deferring or arranging time to pay for your business and personal taxes. This is fantastic news, however, we are seeing some confusion around which taxes are automatically deferred, and which […]

New financial help for the self-employed

Tonight’s announcement from the Chancellor has been long-awaited.   Last week we heard of the Coronavirus Job Retention Scheme, and the self-employed have been waiting since then for something similar. It has been an anxious time, but tonight’s announcements brought new financial help. So here are the details that we know: You will be funded […]

Should I buy an electric car through my business?

If you’ve seen our earlier blog on buying cars through your business, our answer is usually NO! However, new rules for electric cars came into force in April 2020, making buying an electric car through your business far more attractive! So to understand the current rules around cars and your business, have a read of […]

Should you buy a car through your limited company

UPDATE January 2020: New rules came into force from 6 April 2020 for buying electric vehicles through your business. Have a read of our blog should I buy an electric vehicle for more info. If you’re considering buying or leasing a van, check out our blog: should I buy or lease a van? Buying a […]

Do I have to pay tax on my child benefit? 10 tips on the high income child benefit tax charge

You may have heard of people having to pay back child benefit, or having to complete a personal tax return, just because they receive child benefit. Perhaps we’ve asked you about your child benefit because we’re completing your tax return? Child benefit isn’t usually taxable, so today’s blog sets out the when child benefit needs […]

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 […]

Reverse Charge VAT for Construction, do the new rules affect me?

What is it, and when does it take effect? It’s the “Domestic Reverse Charge VAT for Construction Services“, and it’s meant to stamp out missing VAT from the construction industry. It comes into force from 1 October 2019. So not the most fun blog to write, or read for that matter, but it’s important stuff, […]