HMRC warning not to use unfunded pension arrangements
HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax and…
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the…
If you have children under 12 who attend a nursery, after school club, playscheme, childminder or you are considering sending…
Correcting errors in earlier furlough claims The numerous changes in the method of calculating CJRS furlough grants will no doubt…
Furlough grant reduces to 70% for July For the month of July, the CJRS Furlough grant support from the government…
Unrelieved interest on residential lets For 2020/21 and later tax years, unincorporated property businesses are only able to obtain relief…
Is rent-a-room relief always worthwhile? Rent-a-room relief aims to encourage those with spare rooms in their homes to let them…
Relief for losses in the early years of a trade It is not uncommon to realise a loss in the…
Tax relief on loans to close companies Family and personal companies are often ‘close’ companies. Broadly, this is one that…
Termination payments and Class 1A National Insurance As the Coronavirus Job Retention Scheme comes to an end, employers with employees…
Claim tax relief for additional costs of working from home During the Covid-19 pandemic, the advice was ‘work from home…
Take dividends while you can For personal and family companies, a tax efficient strategy for extracting profits is to take…
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