From 6 April 2013 you can use two 'simplifications' to make accounting easier for your unincorporated businesses: the cash basis and fixed rate deductions. Read More...
R and D Enhanced Deductions
Companies (not unincorporated businesses), can claim enhanced deductions for qualifying costs they incur on research and development (R and D) projects. Read More...
Let Property - Repairs or Improvements
If you let out residential property you need to know whether you can receive a tax deduction for the cost of replacing or repairing furniture and fittings provided inside that property. Read More...
Let Property - Furniture and Fittings
When your property is fully furnished you can claim a wear and tear allowance (10% of the net rents), each year to cover the cost of replacing furniture and furnishings such as carpets and curtains. Read More...
December Questions and Answers Section
HMRC has reminded me to claim the employment allowance for 2014/15 worth £2000. My company doesn't pay any employers' NI on my very low salary, so I thought I couldn't claim the employment allowance. Read More...
December Key Tax Dates
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/12/2014 Read More...
Autumn Statement 2014
Summary - The Chancellor of the Exchequer pulled out a few surprises in his Autumn Statement. Read More...
