Business

Name: Swindells Chartered Accountants
Address: Wilson House, 48 Brooklyn Road, Seaford, East Sussex, BN25 2DX
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Homeworking costs & tax implications for the self employed

Working from home has become more normal since the pandemic changed our working habits. Some of the costs of the home can be claimed against tax and in some cases, these costs may be considerable. Working from home may be an attractive option for some. Here we consider the tax implications of homeworking arrangements for the self employed.

New Chancellor Jeremy Hunt makes serious revisions to the mini budget

The government will reverse “almost all” tax measures announced as part of its mini budget. Plans to cut the basic rate of income tax to 19% have been shelved and support for energy bills scaled back, announced Jeremy Hunt this morning. This article will outline the changes in economic policy, what is staying, what is changing and what has been cancelled.

Changes to IR35 ‘off payroll working’ rules

In the Chancellor’s ‘plan for growth’, he announced changes to IR35 or ‘off payroll working’ rules. The rules were originally brought in in an attempt to stop contractors using personal service companies to pay less tax than they would have done as employees. HMRC called it disguised employment. This article will explain the changes and what they might mean for you.

How to avoid becoming involved in tax fraud

The tax authorities require businesses to take reasonable care to prevent tax losses. In some cases, HMRC may also regard an “innocent” business as facilitating fraud and could take action against that business in certain circumstances.

Greenwashing in business – how to avoid making false claims

Green consumerism is on the rise and businesses are using eco friendly messaging to differentiate and attract a more eco conscious consumer demographic. In a bid to reach a larger share of this market, some businesses across a range of sectors are making vague or false “green” claims about their products and services, claiming to be better for the planet than they really are.

The Super-Deduction: Everything you need to know

The super-deduction is a 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. This article will outline what it is, if your business is eligible, how to work out how much you can claim and how to claim and how to start the claims process. If you have any questions, please get in touch with your Swindells’ partner.