Business Tax

30 November 2020

Self-Employment Income Support Scheme 3 (SEISS3)

Introduction The third SEISS grant to support self-employed people affected by coronavirus is now open. The rules on who is eligible to claim are different to those for the previous SEISS grants. However, a 2018/19 SATR […]
24 November 2020

Three Line Accounting

Introduction Three line accounting is a simple way of reporting income and expenses from self-employment or from UK property. The main benefit of doing this is to save time and cost of reporting to HMRC on […]
27 October 2020

HMRC Phishing Scams

Activity by fraudsters is on the rise claiming they are calling as HMRC​ Many forms of scams are being carried out using:​ Phone, Email, SMS, WhatsApp, Social Media​ However, very little by Telegram – Used by […]
19 November 2020

SIC Codes

SIC Codes Demystified? SIC Codes stand for – Standard Industrial Classification. These codes in United Kingdom SIC e used as a framework for classifying business activities based. They are always identified by numeric order, codes. SIC […]
16 November 2020

Furlough Extension to 31 March 2021

Monthly Payroll You and/or your employee(s) can claim for a grant to pay 80% of the current salary for hours not worked, up to a maximum of £2,500, based on the gross salary calculated in October […]
02 October 2020

Capital Gains Tax (CGT) on Property

All UK residential property are subject to CGT (see exceptions below) CGT is Due From 1 July onwards Required to report and pay the tax 30 calendar days from the date the property is sold Filing […]
22 June 2020

Entrepreneurs’ Relief

Introduction The Approach to this and all Articles is consistent with our Standard System and Procedure. The Name of this relief has been changed to Business Asset Disposal Relief. This is to reflect the true nature […]
11 February 2019

Corporation Tax

Introduction  This article gives a brief guide on Corporation Tax and explains: Which types of entity is subject to Corporation Tax. When to make a payment. How to make payments (if you have a liability). What […]