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Why choose HGH?

Taxation

Self-employment Income Support Scheme (SEISS)

Posted: 7th May 2020 by Clair Watmore Blog

The scheme the Chancellor has announced is expected to cover around 95% of current self-employed business people, but there are a number of self-employed who will not be covered. Who can claim You can claim if you’re a self-employed individual or a member of a partnership and: you traded in the tax year 2018 to… Read more

Top 10 tips: employee expenses during coronavirus homeworking

Posted: 27th Apr 2020 by Clair Watmore Blog

If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses. Our tax team explains what to look out for: 1. Supply of one mobile phone and sim card per employeeThe supply of one mobile phone per employee is non-taxable.  There is no need… Read more

HMRC extends MTD ‘digital links’ deadline until 2021

Posted: 1st Apr 2020 by Clair Watmore Blog

Businesses participating in Making Tax Digital for VAT have until 1 April 2021 to meet the requirement to have ‘digital links’ within their recordkeeping in light of the coronavirus pandemic. To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to… Read more

Budget 2020: what you need to know

Posted: 12th Mar 2020 by Clair Watmore Blog

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’. It is a Budget of a government that gets things done’. Our summary… Read more

£1 million tax relief extended to January 2022

Posted: 24th Feb 2020 by Clair Watmore Blog

The Government is extending £1m annual investment allowance cap for a further year, in a bid to stimulate investment. The Annual Investment Allowance (AIA) offers 100% tax relief to businesses that need to purchase business equipment. It allows your business to deduct the total amount spent on qualifying equipment from your taxable profits. On 1… Read more

Home sweet home: tax relief and home working

Posted: 21st Feb 2020 by Clair Watmore Blog

It’s a pretty basic question; “What can I claim, for working from home?” The answer is straightforward only when you recognise the variations in practice. The self employed have different rules compared to employees, so here we explain what tax relief each can claim. For help and advice, get in touch with our tax team… Read more

Free Financial Advice Day – 25th February – book your place

Posted: 4th Feb 2020 by Clair Watmore HGH's News

How healthy are your finances? Join us on 25th February at our Filey office to take advantage of your FREE financial health check! In our everyday lives it can be all too easy to overlook our personal finances. However, life changes, we might want to save for our families futures, or even be planning a… Read more

Investing in commercial property

Posted: 23rd Jan 2020 by Susan Ruddick Blog

Does your business own or rent commercial property? Or are you considering steps in this direction? If so, it is worth discussing the possibility of ownership via Self Invested Personal Pensions (SIPP) or Small Self-Administered Schemes (SSAS). The tax benefits can be significant! A face to face meeting to discuss your own circumstances is the… Read more

Top tips to future-proof your business – 4 March 2020

Posted: 21st Jan 2020 by Clair Watmore HGH's News

4 March | 8AM-10AM Galtres Centre, Easingwold Planning tomorrow’s success today – Effective financial management is vital for business survival and growth. Attend this FREE breakfast seminar where Hunter Gee Holroyd and Barclays will show you how to arm your business with the right protection now and in the future. Agenda 8.00am – Registration, breakfast… Read more

Investment property transfer

Posted: 16th Jan 2020 by Robert Salenius Blog

For over 1.5 million Brits, their future financial hopes and aspirations are pinned on holding property they don’t live in and letting out to others. In the 2017/2018 tax year, the average landlord owned between 1-4 properties each. For many landlords, it’s a family affair – they’ll own their property together with their spouse or… Read more