There is no simple answer to this question. We have listed below some of the matters that need to be are considered. As self-employed business owners’ profits are subject to income tax and National Insurance - and limited companies to corporation tax - we have divided our comments accordingly. Before making this distinction it is…
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Recent Posts by Dev19
Planning holidays for next year?
The following details were recently published on the gov.uk and regional websites. They set out bank holiday dates for Christmas 2019 and 2020. Upcoming Christmas bank holidays in England and Wales, Scotland and Northern Ireland 2019 25 December Wednesday Christmas Day 26 December Thursday Boxing Day Upcoming bank holidays in England and Wales 2020…
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Time is running out for tax planning 2019-20
A reminder that in just a few months the present tax year closes, 5 April 2020. After this date, a whole raft of 2019-20 tax planning options for individuals will cease to be available. These cover a multitude of opportunities to reduce your liability to Income Tax, Capital Gains Tax and National Insurance. These opportunities…
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Flood support
The government announced 13 November that it will extend its Farming Recovery Fund to support farmers badly affected by the recent flooding across Yorkshire and the Midlands. Through this scheme, farmers and land managers who have suffered uninsurable damage to their property will be able to apply for grants of between £500 and £25,000 to…
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