This is a brief overview of some of the tax implications of renting out a property you personally own. This overview covers residential properties, not commercial property or furnished holiday lettings.
Month: December 2020
Payroll: Basic procedures
Here is a brief outline of what you need to do to set up and run your payroll.
An introduction to corporation tax
The corporation tax rate is currently 19%.
Homeworking costs for the self-employed
A lot of self-employed people work from home. Some of the costs of the home can be claimed against tax and, in some cases, these costs may be considerable. Here we consider some of the tax implications of homeworking arrangements for the self-employed.
Brexit changes from 1st January 2021 – Are you ready?
If you are a small business and any of the following applies to you, you need to make sure you comply with the new rules that are coming from 1st January:
Personal tax: Self-assessment
Below is a summary of the self-assessment rules and the penalties for failing to comply with your obligations.
An introduction to the tax system for the self-employed
Here is an overview of some of the main things to consider.
VAT: A Summary
We highlight the key VAT areas you need to consider when running your business.
Self-Employed Income Support Scheme: SEISS
This note only covers the third grant, which covers the period from 1 November 2020 to 31 January 2021.