When you are in the UK and associated with the industry, you must have heard about entertaining business clients and how beneficial that can be. This brings in the factor of improved morale and showing loyalty towards your dedication to work with clients. You will get a chance to build business relationships. This is where […]
Is Client Entertainment Tax Deductible? Read More »
The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post-pandemic, many employees have continued to work from home some or all of the time. Household Expenses Employees who work from home may incur costs as a result, such as increased
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When you start a business, you will need to incur costs before you are able to start trading. Did you know that you are able to claim tax relief for these? Relief is available for unincorporated businesses for income tax purposes and also for companies for corporation tax purposes. Typically, you may need to incur
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To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window. Where companies are making a claim for relief under the extended carry-back rules, the claim can be made online rather than waiting until the company tax return is filed.
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If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses. Relief is only available for expenses that you must incur, rather than those that you choose to incur, and the expenses must be incurred wholly, necessarily and exclusively in
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There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be substantial. Before it is able to start trading, a business may incur expenditure on items such as: acquiring premises; recruiting staff; buying stock; setting up website; IT costs; advertising and marketing; and travel and subsistence.
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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
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How to Claim Tax Refund? You might’ve ended up paying more tax than you needed. Your tax code might have gone wrong, or you may not have received all your personal allowances. More tax would have been paid than what you owed due to all these reasons. Tackle Tax Overpaid Through PAYE HMRC generally goes
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