Makesworth AccountantsWhat tax do I need to pay by 31 January 2021?The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021. If you miss this deadline, you will automatically…Jan 2, 2021Jan 2, 2021
Makesworth AccountantsLetting a property at less than market rentThis year has been difficult for many and landlords may not have been able to secure the full market rent for a property. Landlords may…Dec 21, 2020Dec 21, 2020
Makesworth AccountantsShould I reduce my payments on account?The deadline for filing your 2019/20 tax return is fast approaching, as is the due date for the first payment on account for 2020/21. Now…Dec 16, 2020Dec 16, 2020
Makesworth AccountantsGrants for businesses affected by national restrictionsMany businesses have been forced to close as a result of the national and local restrictions introduced to slow the spread of Coronavirus…Dec 14, 2020Dec 14, 2020
Makesworth AccountantsUtilise the trivial benefits exemption to provide tax-free Xmas giftsThe Covid-19 pandemic has placed the office Christmas party firmly off the menu this year. Regardless of what restrictions are in place…Dec 10, 2020Dec 10, 2020
Makesworth AccountantsPostponed VAT accounting from 1 January 2021The Brexit transitional period comes to an end of 31 December 2020 and various changes come into effect from 1 January 2021. One of these…Dec 9, 2020Dec 9, 2020
Makesworth AccountantsHave you got your Economic Operators Registration and Identification number (EORI)?From 1 January 2021, you will need an Economic Operators Registration and Identification (EORI) number to move goods between Great Britain…Dec 7, 2020Dec 7, 2020
Makesworth AccountantsTax efficient remuneration using pension contributionsDespite on-going speculation that the government will intervene at some point, for now, making contributions into a pension scheme…Dec 5, 2020Dec 5, 2020
Makesworth AccountantsTax Relief on Business LoansInterest paid on loans used for qualifying businesses purposes should be eligible tax relief and can save up to 45% of the cost of the…Dec 3, 2020Dec 3, 2020
Makesworth AccountantsThe Off-Grid DayBlocking out a whole day once a month can work wonders for your productivity.Dec 2, 2020Dec 2, 2020