Local accountants and tax advisers, Trueman Brown, warn employers of the changes made to National Insurance for 2020/21. The 2020/21 tax year starts on 6 April 2021. From that date, new thresholds apply for National Insurance purposes Employees and Employers Employees...
As a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are deducted from rental income to arrive at the profit figure, it is important that you do not overlook any expenses which you have...
Local accountants and tax advisers, Trueman Brown, advise employees they should claim for expenses while working at home on behalf of their employer. As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last year working from...
Local accountants and tax advisers, Trueman Brown, advise taxpayers about a misunderstood inheritance tax exemption. The Oxford English Dictionary defines the word ‘normal’ to mean ‘conforming to a standard; usual, typical, or expected’. A...
Local accountants and tax advisers, Trueman Brown, advise taxpayers on a regime change in reporting and to the paying any CGT due on sale of an investment property. Unlike a gain on the sale of a main residence, which qualifies for private residence relief (as long as...
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