Monthly Archives: March 2021

What is rent a room relief

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500

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Tax-free property and trading income

Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both or either type of income

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COVID – beating the bug

Although it cannot be understated, that COVID has resulted in widespread personal tragedies and business hardships, there are stories circulating of

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Payroll services Burton on Trent and Derby

Off-payroll working rules from 6 April 2021

The rules for individuals providing services to the public sector via an intermediary such as a personal service company (PSC) changed from April 2017. The new rules shifted the responsibility […]

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Temporary carry back of losses

A new temporary extension to the eligible carry back period for trading losses has been announced. This will allow trading losses to be carried back

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VAT deferral scheme open for business

Businesses that took the option to defer the payment of their VAT liabilities between 20 March 2020 and 30 June 2020 need to decide what course of

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Reminder of year end payroll chores

It is not long until the current 2020-21 tax year comes to an end and there are a number of year end payroll chores that must be completed. This

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New mortgage guarantee scheme

One of the measures announced as part of the March 2021 Budget was the introduction of a new mortgage guarantee scheme to help home buyers purchase a

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