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I’m keeping this simple, and relevant to my client base – small limited companies, partnerships and sole traders. Here’s a list of changes to be aware of, starting this tax year: 1. Personal Allowance: Increases to £11,000 so nil tax to pay on the first £11,000 of total earnings unless you earn more than £100,000 … Continue reading
Accurately calculating ‘Use of Home’ expenses has always been problematic even for experienced accountants due to the vagueness of HMRC guidance. The attached Excel Spreadsheet is what I consider an excellent aid for my clients and others out there. My sources are HMRC manuals and HMRC webinars. The formulas are already inserted so just plug … Continue reading
Phoenix Debola 