Who needs to know about full expensing?
Unveiled in the Spring Budget, itʼs the highlight of what the government calls its new ʻcapital allowances offerʼ. But what is full expensing? And will it benefit your business?
The UK subsidiary audit exemption for EEA Parents
Are you impacted by the recent Brexit changes to the parent company guarantee audit exemption?
For period’s commencing on or after 1 January 2021, UK subsidiaries of a parent company registered in the European Economic Area (‘EEA’), will no longer be able to take advantage of the parent company guarantee to exempt the UK subsidiary from an audit.
MTD (Making Tax Digital)
Further changes are coming…..
Side hustle. Tax?
Perhaps you had space to branch out during lockdown: perhaps you need to advise a family member. What’s the position with tax?
Self-employment Income Support Scheme: HMRC and your claim
As the Self-employment Income Support Scheme (SEISS) comes to a close, HMRC will
continue to check claims rigorously.
Trading loss. Cash flow gain?
Temporary change to the rules on carrying back trade losses was announced in Budget 2021. Unlocking such tax relief could be a considerable cash flow plus for businesses hit by the pandemic.
