Something that many people have discovered during lockdown is that it is possible to work effectively from home. But perhaps you are now keen to create a more permanent work space at home and are thinking of investing in a garden office. What are the key things to consider and are there any tax implications?...

Your company’s financial year ends soon. Despite the difficult trading conditions over the last year the accounts will show a profit. But what steps can you take to legitimately reduce the corporation tax bill? Joanne Gibson advises. Generally, expenses that your company incurs are tax deductible. However, special rules mean that tax relief for some...

Despite the financial pressures caused by the pandemic, the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? Bob Johnstone advises. Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have been...

You recently saw a press article about tax and Gift Aid donations, it said that people who donate to charity and whose income has been hit by coronavirus can face unexpected tax bills. Are you at risk of this? Helen Johnstone provides the answer. As you probably know, under the Gift Aid scheme charities and...

Small and medium-sized businesses can now apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The grant can be used to help fund training or professional advice that may be required due to the changes in customs, rule of origin and Vat...

If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you have three options: • Pay the deferred VAT in full, on or before 31 March 2021 • join the VAT deferral new payment scheme – the online service is open between 23 February 2021...