With recent announcements of workings from home, lockdown and grants many observers would be unaware of the forgotten.
Not a creature was stirring, not even a mouse. Christmas parties were banned they say…but you still get the allowance, so don’t miss out on Christmas day… HMRC allows an annual £150 per person cost for an annual party, that is exempt from tax and national insurance, so why lose out?!
Over the past few years, a certain allowance for Sole Traders & those with property income has gone somewhat unnoticed. The £1000 allowance for expenses.
Here at AME, we pride ourselves on providing the best service possible. Regardless of all the social media advertising however, as an Accountants, our main source of new client has and always will be word of mouth.
It comes by quickly and catch us out every year. With HMRC extending the July 31st 2020 payment on account deadline to 31st January 2021, there is even more reason to get your accounts in now.
HMRC have now released funding for the 3rd instalment of the Self employment grant scheme, related to COVID-19.