Homemade cakes, up-cycled furniture, jewellery and pet portraits… over the last year, furlough and flexible working has afforded people more time to turn their hobby into a nice source of extra income. But what’s the position on side hustles and tax?
As the economy starts to reopen, how flexible do employers have to be when it comes to giving staff time off? Take a few minutes off yourself to brush up on the facts about employee holiday entitlement.
During the pandemic, employees required to work from home have been able to claim tax relief for additional costs not reimbursed by their employer. Those wishing to claim for expenses in the current tax year need to make a new claim.
Scam texts, emails and phone calls claiming to be from HMRC are on the rise. Here’s how to spot a scam and prevent the fraudsters stealing from you.
As the Self-employment Income Support Scheme comes to a close, HMRC will continue to rigorously check claims for the most recent SEISS grants.
A temporary change to the rules on carrying back trade losses was announced in this year’s Budget. Unlocking tax relief could mean a considerable cash flow plus for businesses hit by the pandemic.
HMRC’s flagship programme to move all its tax services online, has seen many stops and starts over the years. So where are we up to now with Making Tax Digital?
What’s the worst that could happen? For most people, it would be to lose someone they love. But what if, whilst dealing with their loss, they also had to deal with the prospect of losing the family home and their financial security? [Read more…]
If you’re buying property for the first time – or it’s been a while since you applied for a mortgage – you may be wondering which route to go down to get the best mortgage deal: through an independent advisor or applying direct to a bank.
As we move into the next phase of dealing with the pandemic, employees are proving to be even more vital. With the challenge of finding and retaining good people, changes to employment law, and a shift in what employees want from employers, there’s no question that an effective HR function is key to business survival and success. So, what better time to talk to our Lead HR Consultant Diane Johnson.
When the UK moved into its first COVID lockdown, the stay at home order saw the doors to ADS Electrical’s most profitable contracts slam shut. However, as an agile business with a switched-on leadership team – and with regular, strategic support from RfM – ADS was able to quickly adapt and generate revenue from new markets. We spoke to ADS HR Manager, Julie McCormick, about how the company has evolved and achieved exceptional growth over the last 15 months.
In his Budget speech, the Chancellor announced a temporary extension to the period over which a business can carry back trading losses. This is potentially welcome news for previously profitable businesses struggling with COVID-19 losses.
Earlier COVID-19 support schemes such Bounce Back Loans have now ended and have been replaced by the new Recovery Loan Scheme (RLS). We look at the latest financial measure to help businesses recover from the impact of the pandemic.
There were no dramatic announcements in the Budget on personal tax, capital taxes or pensions. But Chancellors can create considerable change with low-key tactics, and the Budget tax freeze on various rates and allowances until 2026 will still affect many people.
Whilst some changes to property tax – like the extension to the Stamp Duty holiday – make headlines, others escape attention. Here’s a summary of changes to the rules on property disposals you might not have heard about.