workplace pension A workplace pension is a way of saving for retirement arranged by an individual’s employer. It is sometimes called a ‘company pension’, an ‘occupational pension’ or a ‘works pension’. Workplace pension schemes are employer-managed plans where contributions from both you (deducted directly from your wages) […]

VAT Reverse Charge: An Overview Provided by Super Financial Limited Super Financial Limited is aware that it may be difficult for companies, particularly those working in the construction sector, to stay on top of changes in tax laws. The VAT Reverse Charge is one such law that had a big impact on the industry. By […]

A Simple Guide to UK Corporation Tax for Small Businesses (And How to Claim Loss Relief) Running a small business in the UK? Then understanding corporation tax is super important. It’s one of those legal things you need to get right as a limited company — but it’s not just about ticking boxes. Knowing how […]

Introduction: The importance of claiming business expenses Effectively claiming business expenses through your Self-Assessment return is a strategy for reducing your taxable profit and keeping more of what you earn. For whom is a self-assessment return necessary? Registration and Self-Assessment return are to be submitted in case you are a company director, self-employed (including sole […]

HMRC is moving forward with its plan to digitise the UK tax system. After successfully implementing Making Tax Digital (MTD) for VAT, it’s now extending MTD to Income Tax Self-Assessment (ITSA). This change will primarily affect sole traders and landlords, requiring them to report income digitally through approved software. While this may sound like a […]

        Prime Minister Boris Johnson has announced a series of measures to take effect from 4 July, easing the lockdown in England. 1.Distancing guidelines The prime minister said that where it is not possible to stay 2m apart, people should keep a distance of “one metre plus” – this means staying one metre apart, while […]

Rishi Sunak announces Self-Employment Income Support Scheme will be extended – with those eligible able to claim a second and final grant capped at £6,570       Chancellor also outlines further details on the extension of the Coronavirus Job Retention Scheme, including improved flexibility to bring furloughed employees back part time in July, and a new […]