Major changes have been made to mortgage deductions and other financial interest for individuals from April 2020/21. Individuals are no longer allowed to deduct mortgage expenses as an expense when preparing their rental accounts. These changes do not affect properties that are owned by corporate bodies. This change was made 4 years ago and is […]
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 […]
When the tax year ends, taxpayers can lose tax reliefs and tax allowance not used within the tax year! In this blog , I have written some of the relief that you would need to claim if you qualify before the end of the tax year. 1.Tax allowances to reduce tax payable in the UK […]
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