by Karen | Jan 12, 2021 | Accounting, Business Costs, Financial planning, Tax
The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake a review and to ensure that allowance for the year is not wasted. So think about the dividend allowance. Nature of the dividend allowance One allowance...
by Karen | Dec 1, 2020 | Accounting, Business Costs, Covid-19, HMRC
Many businesses have been forced to close as a result of the national and local restrictions introduced to slow the spread of Coronavirus. Where this is the case, the business may be eligible for a grant from their local authority. The following grant support is...
by Karen | Sep 4, 2020 | Accounting, Business Costs, Covid-19, HMRC
Sadly, not all businesses will survive the Covid-19 pandemic, and many may take, or be forced to take, the decision to close where losses make the business untenable. The tax legislation provides various relief for losses including a special relief for losses made in...
by Karen | Aug 25, 2020 | Accounting, Business Costs, Covid-19, HMRC
The Covid-19 pandemic has seen many employees being required to wear personal protective equipment (PPE) at work. The way in which this is provided and the extent that it is needed to enable the employee to undertake the duties of their employment will determine the...
by Karen | Feb 19, 2020 | Accounting, Business Costs, HMRC
From 6 April 2020, new appropriate percentage bands – and new lower charges for low emissions cars – will apply for company car tax purposes. From the same date, the way in which carbon dioxide emissions are measured is also changing. This means that in order to find...
by Karen | Jan 13, 2020 | Accounting, Business Costs, HMRC, Payroll
Mistakes happen, and it can be very easy inadvertently to pay an employee too much when doing the wages. Perhaps a number was keyed in incorrectly or figures were transposed, or maybe commission was overstated or an employee was paid for more overtime hours than they...
