Monthly Archives March 2020

With COVID-19 dominating the headlines this week you may be forgiven for missing the Budget given by the Government on Wednesday.  Chancellor Sunak is, and let’s be honest here, a novice Chancellor, having only been in the post a month and he unveiled the biggest giveaway for years. I do wonder however, where he thinks the £175 billion he spent is going to come from.  Don’t get me wrong – the spending was overdue. But I am sceptical about how deep the coffers actually are.  It is likely that the Autumn Budget sees some major tax rises, so as a small business owner
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As accountants we try to keep our information real and to be a little different.  We know that Valentine’s Day was a few weeks ago and thinking about taxes when you’re proposing or being proposed to, isn’t that romantic BUT getting married has its perks. Have you considered applying for the Marriage Allowance? HMRC made a proposal itself on February 14th, married couples and those in civil partnerships could sign up to a £250 tax break. It is estimated that there are more than 2 million couples missing out on up to £250 this year.  The 5th April 2020 is the latest you
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IR35, also known as the ‘off-payroll’ working rules is changing from April 2020.  It has been in the press a lot lately because it has been affecting TV presenters – and it’s been making headlines because it affects them so much.  What does it mean for you though? The new rules will now affect the private as well as the public sector, from any industry and whether you’re working through a limited company or a sole trader. It’s all to do with the relationship between you and your client and whether that could be considered an employer/employee relationship. Some definitions: An intermediary
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