Energy costs statement 8 September 2022

After a prolonged period of speculation, the new Prime Minister Liz Truss has announced preliminary details of how the government plans to deal with the energy price crisis. In late May this year, the then Chancellor, Rishi Sunak, announced a range of measures to reduce the impact of the anticipated October 2022 Ofgem utility price […]

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The mid-pandemic Budget

what does infrastructure mean in business

While the pre-Budget Treasury leaking machine appeared to flag many of the Budget measures announced, the Chancellor still managed to produce some surprises on Budget Day. As the number of people affected by Covid-19 now appears to be slowing as vaccines are rolled out, Mr Sunak was clear on the government’s intention to see out […]

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Claiming furlough for staff & Christmas

business budget planning

With the ever changing situation, regarding coronavirus, HMRC have been updating their online guidance documents regularly. We wanted to bring your attention to a recent update to do with furloughed staff and Christmas. The main HMRC document we are going to discuss is this one: The change regards the ‘Holiday pay’ section of the […]

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Allowable Expenses for Sole Traders and Partnerships

allowable expenses

If you are a sole trader or in a partnership, you have likely wondered which expenses you can claim against your income tax liability.    Different tax rules apply for different types of expenses.  The underlying rule is that expenses must be ‘wholly and exclusively’ for the purpose of your business and evidence must be available […]

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A Simple Guide to Marriage Allowance

marriage allowance

For richer, for poorer – are you taking advantage of Marriage Allowance?  Introduced in April 2015, Marriage Allowance means that if you are married, or in a civil partnership, you can transfer £1250 of your Personal Allowance to your partner.  If the lower earner, makes less than £12,500 (the current Personal Allowance) their partner’s tax […]

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COVID19 Update – May 4th 2020

Following the range of updates over the last several weeks, we have now rounded up the latest information from the government on specific schemes where additional detail was released. This update covers measures discussed on 4 May. Bounce Back Loan Scheme (BBLS) The scheme opened for business at 9.00 am on 4 May. Since last […]

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