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Carry a company trading loss back to previous years

Carry a company trading loss back to previous years

Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief from Corporation Tax by offsetting the loss against profits in previous years. This could be an especially useful...
Keep your business moving

Keep your business moving

An interesting press release published jointly by the Department for Business, Energy & Industrial Strategy and Business Minister, Paul Scully has highlighted some important actions that businesses should ensure they undertake now that the UK has left the EU...
No late online filing penalties until 28 February 2021

No late online filing penalties until 28 February 2021

HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing deadline for 2019-20 returns remains at 31 January 2021. HMRC is still encouraging taxpayers to try and meet this deadline....
Funding to get young people into work

Funding to get young people into work

Employers can now apply for a £1000 cash boost to help them take on new trainees. The new scheme will support young people to gain the skills and experience they need from the very start, helping them to get a job, an apprenticeship, or pursue further study. The...
Landlords need to embrace a digital approach

Landlords need to embrace a digital approach

HMRC are slowly rolling out their Making Tax Digital (MTD) scheme. Eventually, selected landlords submitting their rental income and outgoings via self-assessment will need to embrace this new MTD requirement.  What will it involve? Self-employed landlords with...