PayPal Working Capital UK: Is This a Loan That’s Right for Your Business?

PayPal Working Capital UK: Is This a Loan That’s Right for Your Business? New businesses and start-ups often need cash in a hurry. The same can actually be true of any business that is still in its early growth stages. Getting a traditional business loan from a High Street bank is increasingly difficult however, leaving […]

SEISS Extended: The Last Round and What You Need to Know Now

SEISS Extended: The Last Round and What You Need to Know Now Despite the final stage of England’s lockdown lifting measures being pushed back four weeks to July 19, 2021, the self-employed income support scheme (SEISS) is not expected to be extended. All social constraints in England were supposed to be lifted on June 21st, […]

All About Companies House Late Filing Penalties

All About Companies House Late Filing Penalties Limited companies, whether private or public, are required to file annual accounts with Companies House and HMRC. Companies House can and will impose a late filing penalty if you fail to file your accounts on time. Penalties for late filing were first imposed in 1992 in order to […]

Understanding – And Using – a Director’s Loan Account

Understanding – And Using – a Director’s Loan Account If you own a business, you’ve probably come across the term “directors loan account.” Directors loan accounts (DLA) are one of the many tax provisions that you should be familiar with when you start a business of your own. That’s especially true of DLAs, as, if […]

Shares, Share Capital and More Explained

Shares, Share Capital and More Explained Setting up a limited company can seem like a daunting and confusing undertaking, and, as many new company principals discover, for lots of different reasons. Take share capital for example. When setting up a limited company, you’ll discover that you are expected to issue at least one share. However, […]

An Employer’s Guide to Unlawful Deduction of Wages

An Employer’s Guide to Unlawful Deduction of Wages Unlawful deductions of wages claims could be filed against you if an employee claims you illegally deducted money from their paycheck. What are your legal options if this happens, and how can you avoid future conflicts with your employees? That’s what we are going to take a […]

Your Guide to Furnished Holiday Let Tax Breaks and Financial Pros and Cons

Holiday Let Tax Breaks and Financial Pros and Cons Owning and renting out a holiday let can be very worthwhile. It not only ensures that your family and friends have a good time guaranteed during your holidays, but it also gives you the opportunity to earn some extra money. In this post, we’ll go over […]

2021 Buy to Let Tax Rule Changes Landlords Need to Know

2021 Buy to Let Tax Rule Changes Landlords Need to Know Do you own – or are you considering investing in – a buy to let property? In 2021, there are several new buy-to-let tax changes that landlords should be aware of. Some of them are minor, while others may have you rethinking your plans, […]

Trading Income Allowance – What It Is and Why You Might Want to Claim It

Trading Income Allowance – What It Is and Why You Might Want to Claim It  HMRC introduced two new annual tax allowances of £1,000 each in early 2018. There is a trading income allowance as well as an allowance for people who earn money from property investment. These exemptions also apply to other sources of […]

UK Resident Meaning: Why It Might Be Harder to Define Than You Think

UK Resident Meaning: Why It Might Be Harder to Define Than You Think  Am I a UK resident? It’s a simple enough question to answer, right? After all, you know where you live. However, as anyone who works abroad, spends a lot of time there or otherwise isn’t in the UK 24/7, UK resident meaning, […]