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How to Claim Office Furniture on Tax
During the pandemic, HMRC became overwhelmed with claims for tax relief on items such as office furniture, office supplies, computer equipment and stationery as more people worked from home. With this change in working habits and an uplift in the purchase of office furniture, desks, and supplies, it’s important to understand your options for possibly…
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How Much Tax Do Landlords Pay on Rental Income?
If you’ve recently dipped your toe into the property game, or perhaps are planning on developing a property portfolio, you need to seriously consider tax implications. How much tax landlords pay will have a huge impact on your profit and can determine whether you break even on your investment. If you are worried about how…
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How Much Tax Do You Pay on a Second Job?
With the cost of living rising and uncertainty over the economy, more people are looking to take on second jobs to supplement and boost their income. However, some will wonder whether a second job is worth it once tax is paid. We’ve written this guide to second job tax which explains how much you get…
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Can a Small Business Do Their Own Taxes?
There is no legal requirement for a small business to use an accountant to prepare its financial statements and tax returns. Some small business owners might want to save money on accountancy fees, and try to do their own tax returns, but just how feasible is this? Well, in simple terms, yes, a small business…
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What Triggers an HMRC Investigation?
The thought of HMRC investigating your small business is an anxiety-inducing one. Even the most diligent of business owner will have worried about this in the past, perhaps due to a small accounting mistake or loss of paperwork. And then of course, there are business owners who have every right to be fearful of an…
