With a little glowing light at the end this long tunnel, we want to bring hope and open your eyes to tax advice options that until now you might not have considered for your business. More options than you realise. You’re probably feeling like you’ve exhausted all of the support, […]
Tag Archives: tax advice durham
04
Feb
Feb
Back in July 2015 the then Chancellor, George Osborne, announced a change to the way that tax relief for finance charges, in particular loan and mortgage interest, would be given against residential property rents. Rather than reducing the net profit of the residential property business, any tax due would be […]
05
Jan
Jan
For tax professionals, the idea of escaping to some Spanish sun in January is a pipe dream, even in non-Covid times, as we grapple with the personal tax return submission deadline. And with Spain on the brain, we are advising clients to be aware of changes to EU tax […]
02
Dec
Dec
Many employers like to reward their employees at Christmas – whether it be a party (and/) or a gift. However, the tax office is for life, not just for Christmas and unwary employers can fall foul of tax rules if the gifts aren’t of the correct sort and cost. The […]
25
Nov
Nov
COVID-19 has borne witness to increased public spending on an unprecedented scale. It has been estimated the UK is facing an annual bill of more than £300 billion to cover the cost of measures such as the furlough and self-employed support schemes. Earlier this year, Chancellor of the Exchequer Rishi […]
16
Nov
Nov
We have been advised that HMRC is sending computer generated letters to taxpayers when the submitted 2019 personal tax return contains information that differs from the information held by HMRC. HMRC uses data from many sources to cross check information reported on self- assessment tax returns. It could open […]