Apr Corona virus and business updates
Keep checking your emails for all updates regarding the corona virus and business and tax advice.
Budget 2020
The biggest points to affect a small business in yesterdays budget.
CGT and selling a second property
From 6th April 2020 the way you declare your Capital Gain Tax (CGT) to HMRC when selling a second property changes.
Company auto enrolment pension
If you are an employer and employee staff over 22 years old or earning over £10,000 you must offer them a company pension scheme, even if they wish to opt out.
National Insurance (NI) contributions
Many clients are set up to pay the minimum tax and National Insurance, by paying a low wage and a monthly dividend.
IR 35 rule changes
From April 2020 HMRC are changing the way rule IR35 is viewed, which determines if you are an employee or sub contractor.