HMRC have confirmed that the first year capital allowance (FYA) rules for business expenditure on business cars, zero emission goods vehicles and equipment for gas refuelling stations are being extended from April 2021 until April 2025. The CO2 emission thresholds which are used to determine the rate of capital allowances available for business cars are…
Category Archives: Blog
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Dec
Dec
Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single Market, the EU Customs Union and the VAT Territory. With the transitional period due to end on 31 December 2020, it is…
If you receive bills for your business via email, and are tired of having to print them off yourself and enter the details, then Xero has the inbuilt capability to assist. HMRC are happy to accept legible electronic copies of bills as evidence of business expenditure too, so now could be the right time to…
Due to a planned retirement, Saint & Co (Carlisle Office) are looking for a full-time (37 hours per week) hard-working, enthusiastic individual to join our team. We are looking to recruit a dynamic and motivated person to provide in-house IT support over the phone, online and at our branch offices throughout Cumbria & South West…
Established for over 130 years, Saint & Co is one of the largest accountancy firms in Cumbria. We are seeking an experienced Accounts Assistant for our busy Wigton Office. The ideal candidate will be conscientious, self-motivated and of smart appearance. They will also be IT literate having a detailed working knowledge of accounts production software….
If you applied to register a lasting power of attorney (LPA) or an enduring power of attorney (EPA) in England and Wales you can claim to get part of your application fee back if you applied to register between 1 April 2013 to 31 March 2017. Claims must be made by 1 February 2021. Who…
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Dec
Dec
Where possible taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity. Higher rate taxpayers obtain additional tax relief on the grossed up amount donated. For example, where an individual makes a £20 cash donation to charity the charity is able to reclaim a further £5 from HMRC making a…
09
Dec
Dec
Remember that certain gifts to staff at Christmas are also tax free if structured correctly. Employers are allowed to provide their directors and employees with certain “trivial” benefits in kind tax free. This exemption applies to small gifts to staff at Christmas, on their birthday, or other occasions and includes gifts of food, wine, or…
With more of us working from home there is good news from HMRC that employees can now make a claim for tax relief to cover some of their costs while they are working from home. The previous rule for employees was that there had to be a home working arrangement with their employer under which…
When considering your inheritance tax position, you want to be sure you’re passing the maximum amount possible to the beneficiaries of your Estate. As the country is in economic downturn due to Covid-19, it is more important than ever to maximise reliefs now. This blog will cover some simple tax planning steps to help you…
