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APH Accountants COVID-19 Business Support Update 08/04/20

I hope everyone is staying safe and well in these worrying times. In today’s APH Accountants newsletter we try and cover off a few more important and relevant items in relation to you and your business, please do take the time to read through the information provided as it may be important in ensuring that…Read More

APH Accountants COVID-19 Business Support Update 30/03/20

Morning everyone, I hope you have all had a great weekend despite the circumstances. Personally, I don’t think my garden has ever looked so tidy!Well today seems to be the first day of being able to do something to get our hands on some money so let’s get that ball rolling for those who it…Read More

APH Accountants Covid-19 Business Support Update 27/03/20

Afternoon everyone, apologies for another newsletter but as you will appreciate things are moving very quickly and as things become more clearer it’s important to stay up to date.It looks like tea or coffee break time again reading this one – so sit back, relax and enjoy the read!In today’s newsletter: Self Employed Support Package…Read More

APH Accountants COVID-19 Business Support Update 26/03/20

In light of tonight’s announcement focusing on the self-employed I thought I would get this edition out as soon as I could.My apologies if I haven’t answered any texts or calls after tonight’s announcement but thought the time would be better spent trying to answer as many questions as possible this way.Of course, take the…Read More

APH Accountants COVID-19 Business Support Update 24/03/20

I hope everyone is as well as can be and that cabin fever hasn’t set in yet!Sadly news on help for the self-employed has yet to be announced which is frustrating to say the least. Also we are waiting on clarity as to how Ltd Company Directors are to be treated, either as self-employed or…Read More

APH Accountants COVID-19 Business Support Update 23/03/20

I hope everyone is managing to keep safe and well. We’ve had many many phone calls, emails and messages today and hopefully we have answered everyone’s concerns and queries where possible. If you need to speak with one of us, then my team are yours, just contact them and they’ll do whatever they can for…Read More

APH Accountants COVID-19 Business Support Update 22/03/20

Covid-19 Business Support Update I hope you are all safe and well through these tough and worrying times. I thought I would send this to try and answer some of the questions you may have and ease some of those worries. Hopefully you find it easy reading but if not just give me a shout.…Read More

APH Accountants COVID-19 Business Support Update 19/03/20

1. Office Closure & Home Working2. COVID-19 – Business Support Update3. IR35 Update4. FAQ for Business Owners – Payroll & SSP Office Closure & Home Working  As we are sure you can appreciate, our priority is the safety of our team, our clients, our families, and the local community.  With this in mind, we are…Read More

APH Accountants Business Help and Support During The COVID-19 Crisis

There are challenging times ahead for us all regarding the Covid-19 pandemic. At APH Accountants we have two key concerns: Firstly, the health and safety of our staff, our clients and their families Secondly, the survival of our clients’ businesses during these financially testing times. We will follow government advice and will provide updates from time…Read More

NATIONAL LIVING WAGE – IS YOUR BUSINESS READY FOR 1 APRIL 2020?

From 1 April 2020, nearly three million workers are set to benefit from increases to the National Living Wage (NLW) and minimum wage rates for younger workers, according to estimates from the independent Low Pay Commission. From 1 April 2020, the NLW will rise from £8.21 per hour to £8.72 per hour. The new rates…Read More

REDUCED PAYMENT WINDOW FOR RESIDENTIAL PROPERTY GAINS

Reduced payment window for residential property gains Currently, capital gains on the sale of residential property in the UK are reported on the self-assessment tax return and the total capital gains tax liability for the tax year is payable by 31 January after the end of the tax year. Thus, the capital gains tax on…Read More

PARTY TIME FOR SMALL COMPANIES

Although there is no specific allowance for a Christmas party or any other employer-provided social function, HMRC do allow limited tax relief against the cost of holding an ‘annual event’ for employees, providing certain conditions are met. Broadly, the cost of staff events is tax-deductible for the business. Specifically, the legislation includes a let-out clause,…Read More

DEALING WITH FINANCE COSTS CORRECTLY

The self-assessment deadline is looming. Self-assessment tax returns for the year to 5 April 2019 must be filed online by 31 January 2020 if a late filing penalty is to be avoided. Landlords will need to complete the property income pages. Particular care should be taken where the landlord has a loan or a mortgage as the way…Read More

USING YOUR CAR IN YOUR PROPERTY RENTAL BUSINESS

Landlords will often use their car for the purposes of their property rental business. Where they do so, they are able to claim a deduction for the costs that they incur. Using mileage ratesWhere a landlord uses their car for business purposes, the easiest way to work out the amount that can be deducted is…Read More

CAN YOU CLAIM TAX DEDUCTIONS FOR UNUSED PREMISES?

A tax inspector is disputing deductions for costs relating to unused business premises included in your latest accounts. Are you entitled to tax relief for these or does the inspector have a point? Your business’s accommodation needs can change for any number of reasons, such as expansion or contraction of your trade. Whatever the reason…Read More

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