by AJN Accountants | Aug 13, 2021 | Accounting, Advice, Property
Where a property business ceases there is a relief for expenses incurred in relation to the business after it has ceased. The business typically would cease where the property is no longer let or is sold. The circumstances in which this relief is available is where...
by AJN Accountants | Jul 23, 2021 | Advice, Freelancers, News
The SEISS is the main source of government funding for self-employed individuals who have been affected by the Covid-19 pandemic. Thus far, four SEISS grants have been made and the 5th grant is expected to open later this month with a claim deadline of 30th September...
by AJN Accountants | Jun 30, 2021 | Accounting, Advice, Small Businesses
From April 2021 HMRC’s Official Interest rate has been cut from 2.5% to 2%. As a result of the cut the tax payable by a higher rate taxpayer with an employer-provided interest-free loan will reduce. This is also the case for director loans taken from...
by AJN Accountants | Jun 11, 2021 | Advice, News, Tax planning
Couples who receive child benefit are in danger of having some of that benefit clawed back as a tax charge if the higher earner has annual income of over £50,000. When the higher earner has income exceeding £60,000 all of the family’s child benefit is clawed...
by AJN Accountants | Jun 2, 2021 | Accounting, Advice, Business, Small Businesses, Tax planning
All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900. You can renew your claim online at www.gov.uk/renewing-your-tax-credits-claim. If your income has...
by AJN Accountants | May 31, 2021 | Accounting, Advice, Business, Financial planning, News, Small Businesses
The Bounce Back Loan Scheme (BBLS) was designed to enable UK businesses to access finance quickly during the Covid-19 pandemic. Businesses that were losing revenue and seeing their cashflow disrupted as a result of the outbreak were able to apply for loans of up to...