Claim Expenses For Additional Costs Of Working From Home
Brentwod Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. 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 home. While the tax system enables...
Normal Gifts Out Of Income
Basildon Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. The Oxford English Dictionary defines the word 'normal' to mean 'conforming to a standard; usual, typical, or expected'. A minor, often misunderstood inheritance...
Sale of a second home or investment property – Reporting the gain and paying the tax
South Ockendon Accountants, Trueman Brown, have some advice for employees who incur expenses in performing their duties. Unlike a gain on the sale of a main residence, which qualifies for private residence relief (as long as the associated conditions are met), any...
IR35 and off-payroll working – What to do from 6 April 2021 if you provide services through an intermediary
Hornchurch Accountants, Trueman Brown, like to keep their client's up-to-date with their latest developments. Prior to 6 April 2021, workers who provide their services to a private sector organisation through an intermediary, such as a personal service company, need...
Business Interruption Insurance – Are Pay-outs Taxable?
Romford Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Business interruption insurance provides cover for losses as a result of events that close or severely disrupt the business. Policies may cover a loss of profits...
Selling Your Main Residence With Land – Will The SDLT Return Trip You Up?
Essex Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Most people do not expect to pay capital gains tax when they sell their only or main home, particularly if the property has been their only home for their entire...
Student Loans: Changes From April 2021
Essex Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct student loan...
Advisory Fuel Rates Change From 1 March 2021
Grays Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. HMRC have announced the new advisory fuel rates to apply from 1st March 2021. The rates, which are set by HMRC, can be used by:- Employers to reimburse company car...
Unused Residential Finance Costs
Dagenham Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Since 2017/18, the amount of income tax relief that landlords with residential properties have been able to claim on residential property finance costs (e.g....
Time To Pay
Thurrock accountants, Trueman Brown, are a small firms who believe in keeping their clients up-to date with the latest developments. As part of the Chancellor's Coronavirus support package taxpayers were permitted to defer payment of the July 2020 income tax Payment...