News

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Apply now for the new VAT payment deferral scheme 2nd March 2021

The new VAT payment deferral scheme is now open. Find out what the scheme involves, how to apply and where to get further support.  What is the VAT payment deferral scheme? If you deferred VAT payments due between 20 March […]

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What is the VAT construction reverse charge? 17th February 2021

New rules on how VAT is handled in the building and construction services industry come into force on 1 March 2021. Read on to learn about what the VAT construction reverse charge is, who it applies to, and how it […]

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Who pays Capital Gains Tax? 11th February 2021

Confused about Capital Gains Tax? In this guide we’ll be explaining who pays Capital Gains Tax, when and how to pay, as well as current CGT rates and allowances.  What is Capital Gains Tax? Capital Gains Tax (CGT) is a […]

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Guide to completing your landlord tax return 19th January 2021

You need to complete a landlord tax return if you receive a significant income from your rental property. In this guide we explain the tax you are liable for and how to submit your Self Assessment tax return. Do I […]

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New COVID support grants for retail, leisure and hospitality businesses 7th January 2021

In light of the new lockdown measures, the Chancellor has announced £4.6 billion in new COVID support grants for retail, leisure and hospitality businesses which will remain closed until at least mid-February. Read on to find out about the grants, […]

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How to prepare your business for Brexit 10th December 2020

Last updated: 6 January 2021 The Brexit transition period has ended and there are some essential steps you need to take if your business has dealings with the EU. In this guide we’ll be explaining how to prepare your business […]

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Guide to VAT on expenses 17th November 2020

For VAT-registered companies, reimbursing employee expenses can be a minefield. You may be entitled to claim back VAT on expenses and it’s important to remember that they should be treated as anything else you buy for your business. However, many […]

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Are employee Christmas gifts taxable? 16th November 2020

With the traditional office Christmas party looking unlikely this year, many employers are planning alternative gift ideas to reward their employees over the festive period. However, it’s important to be aware of the tax considerations of any gifts, to avoid […]

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Furlough scheme extension and other financial support available during lockdown 6th November 2020

Updated: 11 March 2021 As lockdown continues, businesses will be understandably concerned about what it means for their finances. The Government has already confirmed the Coronavirus Job Retention Scheme (also know as the furlough scheme), which was due to be […]

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What tax relief can I claim for working from home? 26th October 2020

Thanks to the global pandemic, more of us than ever before are now working from home. Although it began as a temporary arrangement for many, several major employers have already pledged to close offices and shift to remote working on […]

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.