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6 July, 2021
Trading loss, cashflow gain?
Temporary change to the rules on carrying back trade losses was announced in Budget 2021. Unlocking such tax relief could be a considerable cashflow plus for businesses hit by the pandemic.
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26 May, 2021
Business Round-up
A quick round-up of business changes and a useful tax tip.
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25 May, 2021
Going on holiday. Counting the days.
Furnished holiday lettings (FHLs) have their own tax treatment, reliant on a set of strict day-count rules. With the impact of COVID-19 on occupancy, business owners may need to take stock of the position.
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24 May, 2021
Property: what’s new?
Like the extension to the Stamp Duty Land Tax holiday to 30 June 2021 in England and Northern Ireland; the similar announcement in Wales, and absence of one in Scotland, some changes make headlines. But others escape the media spotlight.
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23 May, 2021
Budget big freeze
Personal taxes, capital taxes, pensions. No dramatic announcements. But Chancellors can create considerable change through low-key tactics, and the Budget freeze for various rates and allowances until 5 April 2026 will impact many people.
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20 May, 2021
Thousands missing out on Tax-Free Childcare bonus
Thousands of families across the UK are missing out on the chance to save money on the costs of childcare, HMRC has revealed.
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19 May, 2021
Doing business after Brexit: taking a look at the new rules
The end of the Brexit transition period ushered in a range of new trade rules and regulations applicable to businesses that trade with the EU. Firms need to follow new rules on exports, imports and tariffs. Here we outline the changes.
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18 May, 2021
Analysing the Recovery Loan Scheme
Budget 2021 announced a successor loan scheme to support UK business recovery. Earlier coronavirus (COVID-19) loans, like the Bounce Back loan, closed to applications on 31 March 2021.
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17 May, 2021
COVID-19 support schemes latest
Ongoing change to the Coronavirus Job Retention Scheme (‘furlough’ scheme) and Self-employment Income Support Scheme (SEISS) creates the potential for inadvertent errors.
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14 May, 2021
Super-deductions: Budget changes for business
‘Bold and unprecedented’. That was the Chancellor’s description of the new 130% super-deduction for expenditure on new qualifying plant and machinery announced in the Budget. The headlines were that for every pound invested, tax is cut by up to 25p.
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13 May, 2021
Using a loss
Welcome news for previously profitable businesses struggling with COVID-19 losses.
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12 May, 2021
Uber and you
The Uber case on worker status, recently decided in the Supreme Court, has important practical lessons for businesses.
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