Skip to main content Skip to search
Management accounting

Autumn Statement 2022

Summary The Autumn Statement on 17 November 2022 contained several significant tax announcements. This was not presented as full Budget, and the full schedule of tax rates and allowances was not released, which we are used to receiving on such…

Read more
Rent a room

Renting out a Spare Room

The children are gone and there is an unoccupied ‘spare’ room. Apart from using the room as extra storage, renting it out is another option that can enable use of the space as well as bringing in some extra cash….

Read more
Corporation tax

Mini Budget Summary

Introduction to the Mini Budget Summary We knew that the new Prime Minister Liz Truss wanted to cut income tax rates at some time in her tenure because we had been told so repeatedly. What we did not expect was…

Read more
Landlord expense claims

Landlords Expense Claims

Whatever the reason for becoming a landlord, expenses will be incurred relating to that property at some time or another. Unfortunately, just because a payment has been made does not necessarily mean it is allowable for tax. Even if the…

Read more

VAT Schemes

Most businesses know that once the tax turnover for a business exceeds the VAT registration threshold (currently £85,000 a year), or it is expected to do so within the next 30 days, VAT registration is compulsory. Some businesses are not…

Read more