Phoenix Debola Accountancy Practice

Accountant | Tax Specialist
Phoenix Debola Accountancy Practice has written 149 posts for Phoenix Debola

Capital Gains Tax and Crypto Currencies (UK)

When you dispose of cryptoassets (the term HMRC prefers) such as bitcoin, you may need to pay capital gains tax if your gains take you above the annual exempt amount, currently £12,300. The tax year runs from 06 April to 05 April of the following year. WHAT IS A DISPOSAL? Selling your tokens Exchanging your … Continue reading

Update – Coronavirus Job Retention Scheme (CJRS)

As a reminder: For June 2021, the government will continue to pay 80% of furloughed employees’ usual wages for hours not worked up to a cap of £2,500. For July 2021, CJRS grants will cover 70% of employees’ usual wages for the hours not worked, up to a cap of £2,187.50. For August and September … Continue reading

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