The company car is becoming more popular again mainly because of electric cars. Once again it is potentially an exciting tax perk and an important part of any remuneration planning. In our updated blog we revisit the tax benefits of an electric car. Of course, nobody these days questions the environmental benefits of running an […]
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Business Tips, capital gains tax, Payroll, Personal Tax, Tax Advice, Tax Planning, Tax Tips
The Autumn Statement 2022
18
Nov
Nov
Yesterday we had the first Autumn statement from the newly appointed Chancellor. Jeremy Hunt was faced with a challenging economic backdrop to his first major set piece. He is grappling with a combination of over 11% inflation, a recession, and the need to re-establish the UK’s financial credibility following the turmoil of September’s mini budget […]
Corporation Tax, HM Revenue & Customs, National Insurance, News, Payroll, Tax Planning, Tax Tips
The Mini Budget 2022 – Revisited
19
Oct
Oct
Have you kept up with all the changes in the mini budget? From the time of the initial announcements on 23rd September we were in fact expecting more announcements but not the type that came over the last two weeks. The mini budget 2022 has been revisited properly this week by the new Chancellor Jeremy […]
Capital Allowances, Corporation Tax, Exporting, Importing, National Insurance, Personal Tax
Deeper dive into the “mini budget”
28
Sep
Sep
In an unusual move, yesterday the International Monetary Fund (IMF) openly criticised the UK government’s mini budget . The IMF have concerns that the proposals delivered by Kwasi Kwarteng are likely to make the UK a more unfair society and add to the existing inflationary pressures. The markets have lost faith in the pound during […]
24
Aug
Aug
Are you thinking about buying a car? If so, will it be an electric car? Will you buy it or lease it? Will it be a Company Car, or will you buy it personally? Buying a car is a big decision and one that should be taken with some thought. Whether you buy or lease […]
Business Tips, Cash Flow, News, Tax Advice, Tax Planning
High Interest Rates and Rising Inflation – What should you do next?
17
Aug
Aug
The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]
Business Tips, Corporation Tax, HM Revenue & Customs, Personal Tax, VAT
Why you need a Government Gateway Account
03
Aug
Aug
What is a government gateway? Why do you need a government gateway account anyway? The gateway is a central location via which you can access various services including your tax account. How many of you have tried to contact HM Revenue & Customs (HMRC) recently over the phone only to get frustrated with the holding […]
08
Jun
Jun
If you have any business, you want to make sure that you maximise your tax position. The same applies to when you are a landlord, so what expenses can you claim against your rental income? We refer to these as allowable expenses so in other words your business costs that can be deducted from profits. […]
Join the Myers Clark team Established in 1912, Myers Clark is one of the largest independent firms of Chartered Accountants in Watford. We’re a growing team, with a Watford HQ at the helm and a remote team all around London and the south east. We’re always on the lookout for ambitious people, who share our [...]
Business Tips, HM Revenue & Customs, Personal Tax, Tax Advice, Tax Planning
Letting out your property as a holiday let?
18
May
May
The pandemic is said to bring a few behavioural changes. Working from home including “blended working” is one such example and letting out your property as a holiday let may be another one. During the later part of 2021 many councils in the tourist areas of the country were experiencing significant rises is housing waiting […]