by Premier Accounts | Jun 15, 2021 | Uncategorized
Allowable expenses and allowances in 2021/22. If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses. By deducting these allowable expenses as part of calculating...
by Premier Accounts | May 6, 2021 | Uncategorized
A million businesses need to have digital links in place to submit VAT returns and comply with phase two of Making Tax Digital (MTD) for VAT. All VAT-registered firms have until their first VAT return period, starting on or after 1 April 2021, to put digital links in...
by Premier Accounts | May 6, 2021 | Uncategorized
Investment in the UK’s manufacturing sector is poised to rise as a result of the capital allowances super-deduction. The super-deduction enables companies that invest in qualifying new plant and machinery to benefit from a 130% first-year capital allowance. The...
by Premier Accounts | May 6, 2021 | Uncategorized
How might the big freeze affect you? Traditionally, most people get nowhere near breaching the pensions lifetime allowance, but that’s likely to change over the next five years. The lifetime pensions allowance is currently £1,073,100. In his Spring Budget on 3 March...
by Premier Accounts | May 6, 2021 | Uncategorized
COVID-19 prompts high demand for UK holidays. Owning and letting out a holiday home, otherwise known as a furnished holiday let (FHL), has always been a popular way of investing and earning income. Not only do FHLs enjoy many tax advantages over normal residential let...
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