The tax year end is around the corner, but it is not too late to consider some basic tax planning. Most tax allowances are confined to a single tax year. If you don’t use them, you lose them. And there are loads of tax allowances to think about. Your personal Read more…
With advent upon us, let me spread festive cheer by reminding you of the various tax traps you can fall into at a Christmas time. Christmas Parties Let’s start with Christmas parties. You can spend up to £150 per head at an annual party without incurring any employment taxes and Read more…
An odd side effect of Covid is the rescheduling of all games so that football is seemingly on TV all the time. You find yourself watching the Monday, 4am kick-off between Burnley and Crystal Palace just because you have James Tarkowski as captain in your fantasy football team. Last weekend’s Read more…
The last time I wrote about the Self-Employment Income Support Scheme (‘SEISS’), I compared it to the Star Wars franchise, with it a seemingly never-ending series of government grants being offered to the nation’s self-employed. Annoyingly, it has now been confirmed that the grants will be restricted to five instalments, Read more…
Last week, Rishi Sunak announced his various tax changes and economic plans. Given the Coronavirus backdrop, and the ongoing public health and economic crises it has caused, it is not a huge surprise that the Budget focused on measures to continue to support the individuals and businesses affected, while also Read more…