Premier Accounts Blog

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Self-employed tax basis period reform

Self-employed tax basis period reform

The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the reforms, the tax basis period has changed from a ‘current year basis’ to a ‘tax year

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Hiring customs agents

Hiring customs agents

Customs declarations can be difficult and time consuming to complete. Businesses can make their own custom’s declarations; however, this is complex and requires specialist skills and software.

Most

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Bikes for employees

Bikes for employees

The Cycle to Work scheme allows employers to provide bicycles and cyclists’ safety equipment to employees as a tax-free benefit. The scheme must be offered to all employees and the bike must be used

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Tax-free home sales

Tax-free home sales

In general, there is no Capital Gains Tax (CGT) liability created when a property used as the main family residence is sold. An investment property which has never been used as a home will not

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