Category Archives: Income Tax

How to claim tax relief on employment expenses

How to claim tax relief on employment expenses

If you are an employee that needs to buy substantial equipment to use as part of your employment you may be able to claim tax relief. In most cases

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Taking money out of a limited company

Taking money out of a limited company

There are a number of ways a director can extract money from their limited company. The money can usually be withdrawn in one or more of the

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5% late penalties apply from 1 April 2021

5% late penalties apply from 1 April 2021

Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan by midnight on 1 April 2021 will be charged a

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Calculating Minimum Wage if paid annual salary

Calculating Minimum Wage if paid annual salary

New National Minimum Wage and National Living Wage rates will come into effect on 1 April 2021. These changes will see the National Living Wage

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