Pension Annual Allowance update

Local accountants and tax advisers, Trueman Brown, have some advice for taxpayers who want to receive the maximum relief for paying pension premiums to a private plan. Tax relief is available to encourage individuals to make contributions to registered private pension...

HMRC may demand VAT security deposit

Local accountants and tax advisers, Trueman Brown, have advice for local businesses struggling to settle their VAT liabilities. The vast majority of businesses pay their tax bills on time however, any that are finding it hard to make payment in full and/or on time can...

Losses made in the early years of a trade

It is not uncommon to realise a loss in the early years of a trade. However, traders who commenced their self-employment in 2019 or 2020 may also have suffered as a result of the pandemic. Although the Self-Employment Income Support Scheme (SEISS) provided help for...