Business

Chancellor of the Exchequer

Special Bulletin: Chancellor throws new jobs lifeline to save the UK economy

Winter economy plan includes a new job support scheme to subsidise wages, more time to pay business loans, and an extension to the VAT cut for hospitality. With the furlough scheme winding down and local lockdowns on the increase to try and curb the rising tide of coronavirus, it was almost inevitable the Chancellor would have to […]

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To flip or not to flip

To flip or not to flip?

The pros and cons of changing your main residence. With property being one of the most reliable investments around in a period of historic low-interest, many money-savvy people these days end up owning additional properties. They might rent them out, live in them or simply sit on them to sell on when the time is

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FAQS Running a business from home expenses

FAQs about expenses to claim when running a business from home

What is an allowable expense? Won’t my allowable expenses be similar to other businesses similar to mine? What factors are taken into account when apportioning an expense? Are heating, lighting and power costs allowable? Are telephone and broadband costs allowable? Can I claim insurance costs? Can I claim a portion of my council tax? Is

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Tax inspections and how to avoid them

‘Anybody running a business needs to be concerned about the possibility of facing a tax inspection,’ says Nicholas Parkes, an ex-tax inspector turned tax information provider. ‘In the Revenue, we always believed you could pick up any file and find something.’ What triggers a tax inspection? According to Parkes, some 7% of tax inspections are

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Advisory fuel rates change

Advisory fuel rates change

As of 1 September 2017, advisory fuel rates have changed for employees’ usage of company cars. The following rates now apply, while previous rates can be used for up to 1 month after the new rates are introduced. Engine size Petrol – amount per mile LPG – amount per mile 1400cc or less 11p 7p

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