The SEISS claims portal reopened on Monday 30 November, but the new SEISS conditions mean that taxpayers must declare their trade has been impacted by reduced demand before they claim the third grant. In order to claim the first two... read more

Is the annual exemption lost in 2020? Most businesses take advantages of the statutory £150 exemption per staff member for running a Staff Christmas party without there being any tax implications (though they may not realise it!). With Coronavirus restrictions in... read more

What makes professional indemnity insurance tax deductible? Since professional indemnity insurance is an allowable cost, it goes against your business profits and therefore, it is tax deductible. It is used 'wholly and exclusively' in the course of your business and therefore... read more

Readers with children at university should pass on this message as students starting university this year are being warned by HMRC that they could be targeted by a fresh wave of student tax scams. As new students start the academic year,... read more

Business Support Measures The Prime Minister, Boris Johnson speaking at a press conference on Saturday night, 31 October 2020, confirmed widespread expectations of a second national lockdown in England to help stem the growing resurgence of the coronavirus. The Government was... read more

The Chancellor, Rishi Sunak, has delivered his third major statement on Covid business support to the House of Commons in less than a month. This followed the Winter Economy Plan on 24 September and further announcements on 9 October that... read more

Self Employed Or Limited Company? We are asked almost daily whether it would be best to be a sole trader (it means the same as self-employed) or start a limited company. There are several issues you need to understand before coming... read more