The latest tax tips and news affecting our clients, plus access to our complete archive of tax tips and news. If you rent out a property, you’ll need to pay tax on any profit you make. Learn how to work out your taxable rental profit and how to report it to HMRC. Landlords should realise that HMRC will know about their lettings through Airbnb, so full disclosure of all their taxable property income is essential. Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it between 15 February 2021 and 31 March 2021. From business rates to VAT relief, we’ve pulled together 10 tax reliefs small businesses can claim to help you work out if you can reduce your tax bill. Chancellor unveils new Job Support Scheme which will contribute to some employees’ wages and a limited extension of the Self-Employment Income Support Scheme. Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right. Here’s what you need to know.
Tax on Rental Income: How to Report your Taxable Profits
Published on 24/10/2020
Airbnb Share Letting Data with HMRC
Published on 17/10/2020
Check If You Can Claim the Job Retention Bonus from 15 February 2021
Published on 10/10/2020
10 Effective Ways to Claim Tax Relief for Small Businesses
Published on 03/10/2020
Chancellor Unveils New Job Support Scheme & Extends Self-employed Grant
Published on 24/09/2020
Making Tax Digital – A Guide for Small Businesses & the Self-employed
Published on 19/09/2020