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The importance of claiming business expenses
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?...
What is MTD for Income Tax?
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...
How To Operate In The Construction Sector
Download this guide for contractors and subcontractors and learn everything you need to know about Construction Industry Scheme. View the Construction Industry Scheme Guide For Contractors And Subcontractors
Coronavirus lockdown: All you need to know about new measures
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,...
Chancellor extends Self-Employment Support Scheme and confirms furlough next steps
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...
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