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Category: Tax advice

Stamp duties band extended for residential homes due to COVID-19.

STAMP DUTIES REDUCED,MASSIVE TAX SAVINGS FOR NEW HOMEOWNERS This fantastic news was announced by the Chancellor to support the housing market. These changes will apply to new residential properties bought from July 8th to 31st March 2021. So, how did the stamp duty land tax affect new homeowners previously? When a taxpayer purchases land or […]

ARE YOU WORKING FROM HOME DUE TO COVID-19? YOU MAY BE DUE FOR SOME TAX REFUND.

A lot of business owners and employees are currently working from home due to the Covid 19 pandemic and government advice. In this blog, I have explained the expenses that you could claim to help you to reduce your tax on profit from your business or to enable you to claim tax refund as an […]

COULD YOUR BUSINESS BE ENTITLED TO £10,000 GRANT?

The pandemics Convid-19 has been one affecting a lot of business in the UK. The uncertainties about how long it would continue to affect business owners or the effect afterwards are scary. The Chancellor announcing that small business owners in the UK could receive up to £10,000 grant from the revenue at these trying times […]

DO YOU HAVE FURLOUGHED EMPLOYEES DUE TO COVID-19?GOVT COULD PAY 80%WAGES COST!

Furloughed employees are employees that they face losing their jobs due to the employer’s inability to pay their salary due to ongoing pandemic. These employees would be facing the risk of being laid off by their employers since they can’t afford to pay their wages any longer. Good news to furloughed employees It was therefore […]