Allowable Expenses – The costs you can reclaim.

If you’re self-employed, there are various costs which you are able to deduct as allowable expenses for your business in 2021/2022. By deducting these allowable expenses as part of calculating your business’s taxable profits, it’s possible for us to reduce your income tax bill in the process.  If your business has turnover of £50,000 in[…]

How to manage cashflow in your business

During what would normally be the busiest period of the year for businesses in retail, hospitality and other sectors, many will now be keeping a close eye on their cashflow as they deal with the impacts of COVID-19. While Government-backed schemes like furlough, grants and loans will provide some much-needed support, there could be additional[…]

Coronavirus support for businesses

Options to limit the financial damage of COVID-19 It’s hard to believe that Rishi Sunak has only been the Chancellor since Valentine’s Day, given what he’s had to deal with in a matter of weeks since. On the back of delivering a Spring Budget, Sunak has revealed an unprecedented multi-billion-pound stimulus package to support businesses[…]

Employer issues with automatic enrolment

Policy success, but headache for employers? Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment. It started with the largest companies and now applies to employers of all sizes with staff[…]

Property as an investment for landlords

With low interest rates, property remains attractive As the global financial crisis began to bite in 2008, central banks in several nations took action, attempting to shock the world economy back to life by slashing base interest rates. The idea behind this kind of stimulus is to make saving less attractive, hopefully prompting people to[…]