Post Covid Homeworking – Sole Traders & Employees-What Can Be Claimed?

Like it or loathe it, homeworking has become necessary for many and the adoption of the practice was somewhat rushed. But what are the rules of working form home from a tax perspective? ABC reports back after reading an article published by AAT, our supervising professional accountancy body. Sole Traders The same mantra applies toContinue reading “Post Covid Homeworking – Sole Traders & Employees-What Can Be Claimed?”

Wholly and Exclusively

When it comes to categorising business expenses, the rule is ‘wholly and exclusively for business purposes’ (The Income Tax (Trading and Other Income) Act (ITTOIA) 2005, s 34). The expense must have been used purely for the running of the business or trying to attract more customers in order to be allowable as a taxableContinue reading “Wholly and Exclusively”

All bound for MTD

A timeline for the MTD (Making Tax Digital) rollout and what you need to do. Now that MTD has been introduced for VAT registered businesses above the registration threshold and most of the creases have been ironed out of the system, it is time to roll it out into other business categories. I have aContinue reading “All bound for MTD”


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