Finance Article – August/September 20

Your Questions Answered by TaxAssist Accountants

National Minimum Wage

The National Living Wage increased by 6.2% from £8.21 to £8.72 per hour in April 2020. For each member of staff working full time, this increase could cost an employer on average of over £930 per year. Workers aged 25 or over and who are not in the first year of an apprenticeship, are legally entitled to the National Living Wage. […]

By |September 1st, 2020|Finance, Magazine Articles|Comments Off on Finance Article – August/September 20

Citizens Advice Column – August/September 20

Lifting The Lockdown – What’s Next?

It has been more than 4 months since the Covid-19 driven ‘lockdown’ was introduced. While the weather is heating up the lockdown is, in most places, easing off. Consequently, the experience of lockdown for ordinary people is changing. The purpose of this piece is to make you aware of what’s happened and what’s still to happen that can affect you and your family. […]

By |August 20th, 2020|Finance, Magazine Articles|Comments Off on Citizens Advice Column – August/September 20

Finance Article – June/July 20

Your Questions Answered by TaxAssist Accountants

Changes to Company Car Benefits from 6th April 2020

Question

I’ve heard that the rates for company car benefits are changing, what will the new rates be? […]

By |June 29th, 2020|Finance, Magazine Articles|Comments Off on Finance Article – June/July 20

Citizens Advice Column – June/July 20

Lifting The Covid 19 ‘Lockdown’ – What To Look Out For

At the time of writing the government has announced its provisional timetable for the gradual unwinding of the Covid-19 driven ‘lockdown’.

With many having suffered a health shock, an income shock and a social shock there now seems to be some light at the end of the tunnel. However, the government is finding the process of lifting the lockdown much more complicated than imposing it. In response to potential confusion and anxiety that has already started to emerge here are some brief tips on what to ‘keep your eye on’. […]

By |June 11th, 2020|Finance, Magazine Articles|Comments Off on Citizens Advice Column – June/July 20

Finance Article – April/May 20

Your Questions Answered by TaxAssist Accountants

CIS Tax Refund for Companies

Question

I own a small company in construction and some of our customers have been deducting CIS tax from our payments. How do I go about reclaiming this? […]

By |April 20th, 2020|Finance, Magazine Articles|Comments Off on Finance Article – April/May 20

Citizens Advice Column – April/May 20

Staying in the UK after Brexit: What is the EU Settlement Scheme and are you affected?

The UK has left the EU and is now in the ‘transition period’. This means that the UK and EU have until 31 December 2020 to agree new rules of how they work together. […]

By |April 11th, 2020|Finance, Magazine Articles|Comments Off on Citizens Advice Column – April/May 20

Citizens Advice Column – February/March 20

Consumer Concerns: What’s Your Problem?

Recent research from Citizens Advice identified the top five consumer issues most complained about by their clients. Their message is simple; whatever the issue you have options, and complaining helps.

Citizens Advice received 500,000 calls and 3.6 million website visits in 2019. The national charity, which operates the Citizens Advice Consumer Helpline, is constantly contacted by clients with consumer issues. […]

By |February 3rd, 2020|Finance, Magazine Articles|Comments Off on Citizens Advice Column – February/March 20

Citizens Advice Column – February/March 20

New Year Money And Debt Worries? Plan Your Way Into Calmer Waters

The memories of Christmas are starting to fade, Brexit seems as if it might actually happen, bills are coming in and debts are accumulating. Now we’re into February and March you’re not sure how you are going to cope financially until next Christmas. […]

By |February 3rd, 2020|Finance, Magazine Articles|Comments Off on Citizens Advice Column – February/March 20

Finance Article – February/March 20

Your Questions Answered by TaxAssist Accountants

Do I have to declare income from car boot sales?

Question

I had pitches at a couple of car boot sales to get rid of unwanted children’s clothes, toys and various other items in preparation for Christmas. I am a self-employed hairdresser and have to complete a tax return – will I also be taxed on the £350 I took at the car boot sales? […]

By |February 3rd, 2020|Finance, Magazine Articles|Comments Off on Finance Article – February/March 20

Finance Article – December 19/January 20

Your Questions Answered by TaxAssist Accountants

Update: Reverse Charge for CIS

Question

I have seen that the deadline for Reverse Charge for CIS has changed, what do I do now? […]

By |December 9th, 2019|Finance, Magazine Articles|Comments Off on Finance Article – December 19/January 20
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