It is not uncommon to realise a loss in the early years of a trade. However, traders who commenced their self-employment in 2019 or 2020 may also have suffered as a result of the pandemic. Although the Self-Employment Income Support Scheme (SEISS) provided help for traders who also suffered from the impact of the pandemic,
Relief for Losses in the Early Years of a Trade Read More »
Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or any number of shareholders all of whom are directors. In a close company, the directors and shareholders may borrow money from the company (in respect of which a tax charge may arise if the
Tax Relief on Loans to Close Companies Read More »
As the Coronavirus Job Retention Scheme comes to an end, employers with employees who are still on furlough will need to decide whether they are able to bring the employee back to work, either full time or part time, or whether they will have to terminate the employee’s employment. When terminating an employee’s employment, the
Termination Payments and Class 1A National Insurance Read More »
During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found themselves working at home, often at very short notice. Many still have not returned to the workplace, and homeworking (whether fully or flexibly) is here to stay. Employees will generally incur additional costs as a
Claim Tax Relief for Additional Costs of Working From Home Read More »
If you are new to finance, you might be confused by the term “asset finance”. Though this jargon seems complex, but it’s quite simple. Let’s start with the basics: what is asset finance and how does it work? Get help from our Qualified Accountants, Bookkeepers, Tax Experts. Compare their Services & Fee, and Signup now
What is Asset Finance and How does Asset Finance Work? Read More »
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed outside the company in the form of dividends. However, while there are no restrictions on taking a salary if the company is making a loss, the same is not true
Take dividends while you can Read More »
We are super excited to announce that we were nominated as one of the best London-based price comparison websites by BestStarup.co.uk. An Introduction to BestStartup.co.uk Great Britain is one of the top innovative countries in the world ranking 4th in the Global Innovation Index in 2020. According to the estimates, over 672,000 new businesses were
We were Nominated as a Top Price Comparison Company in London by BestStartup.co.uk Read More »
Often the companies that are working in the field of Science and Technology for some Innovative Projects are Offered Research and Development Reliefs Support. Research and Development Costs can be claimed by a single company or multiple companies that are working for research and development to upgrade their fields. Even if your project is not
Tax Relief For Research And Development Costs Read More »
Multiple tax considerations are to be taken into account before you decide to buy the car through your limited company. This guide will help you to understand “Is Car Taxed?” and calculate its cost. The car options that are available for the contractors need to be looked into first. There can be two options for
Buying A Car Through Your Limited Company? Read More »
The employer is liable to pay £96.35 every week to an employee who is too sick to work. The extent of sick leave is up to 28 weeks. Due to COVID-19, there is a noticeable change in the clauses of Statutory Sick Pay. Employers must realize the need to understand how the change may affect them.
Statutory Sick Pay (SSP) and COVID-19 Read More »
Join 5,000+ businesses comparing today
Get your firm in front of thousands of local business owners searching for your expertise every month.
AVERAGE ROI GROWTH
AVERAGE ROI GROWTH
