Changes on the horizon for self-assessment as HMRC expands Making Tax Digital
From April 2024, the government’s flagship system which aims to make accounting easier and reduce tax losses, will become obligatory for all those who complete a self-assessment (SA) tax return and have personal income above £10,000.
Kitchen office? Check if you can claim tax relief.
If you have to work at home because of the COVID-19 pandemic, you can claim tax relief on any additional household costs you have incurred. Staying in your slippers all day can be cosy, but working from your home office, kitchen or bedroom can mean increased gas and electricity costs, higher (metered) water usage and extra telephone/broadband expenses.
Claire Murray joins Inverurie team
Tarves born Claire Murray has joined James Milne’s Inverurie team as Business Services Assistant. Joining Gail Soutar and her team, Claire will be providing payroll and bookkeeping services to clients, as well as assisting with year end accounts.
Starting a new business – getting it right from day one
For many, setting up their own business is a dream come true. Whether you are formalising a lifelong hobby, or starting out on a new business proposition, there are several steps which need to be taken to ensure you comply with all UK business regulations.
Repaying SEISS overpayments – act quickly to avoid penalties
HMRC realises that in these challenging times things change, particularly when it comes to our business finances.
Protect your business from an HMRC tax investigation
No business is too small or too large to be selected for an HMRC tax investigation. That’s why many of our clients subscribe each year to our tax investigation service to cover the cost of our fees should they be the subject of an enquiry into tax, VAT, PAYE and benefits.
Fifth SEISS grant offers reduced support for self-employed
The fifth and probable final grant for those who are self-employed will be open to applications from late July.
Coronavirus Business Support
The latest Government grants and loans to support your business during the pandemic.
Retirement wishes for Inverurie’s Fiona Law
James Milne’s Inverurie office said farewell to Fiona Law at the end of April, after more than 23 years of service.
Working from home – but here for you
James Milne is continuing to follow statutory Government guidance which asks people to work from home if it is practicable to do so.