Velocity Accounting Solutions
  • About Us
  • Benefits
  • Leadership
  • Packages
  • Our Partners
  • Testimonials
  • Contact Us
  • Blog
Select Page
Claiming everything you are entitled to from the taxman?

Claiming everything you are entitled to from the taxman?

by VelocityAS | Jul 1, 2022 | HMRC, Self Assessment, Tax, Tax Relief

As former US President Benjamin Franklin said, Tax is something that is a certainty in life, but there are lots of ways you can reduce the amount of tax you have to pay by claiming for expenses you may not realise you could. If you are self-employed or own businesses...
Eight things we have learnt from the Spring Statement

Eight things we have learnt from the Spring Statement

by VelocityAS | Mar 25, 2022 | Employment, income, National Insurance, PAYE, Spring Statement, Tax, Tax Relief

The Chancellor, Rishi Sunak’s, Spring Statement provided much anticipation especially against the rising cost of living and the shock of the Ukraine War. In the House of Commons, The Chancellor shared that the invasion of Ukraine by Russia was causing a lot of...
File your 2020/21 tax return by 31 January 2022

File your 2020/21 tax return by 31 January 2022

by VelocityAS | Jan 4, 2022 | Accounting, Dividends, Employment, HMRC, income, SEISS, Self Assessment, Tax, Tax Relief

If you need to file a self-assessment tax return for the year to 5 April 2021, you have until midnight on 31 January 2022 to file your return if you have not already done so. You must also pay any tax that you owe for 2020/21 by the same date. Do I need to file a...
Budget highlights

Budget highlights

by VelocityAS | Nov 1, 2021 | Accounting, Budget 2021, Business, Corporation Tax, Dividends, Employment, Finance, HMRC, National Insurance, Tax, Tax Relief, VAT

The Chancellor presented his Autumn Budget and Spending Review on 27 October 2021. Some of the highlights are discussed below. Income tax rates and thresholds The rates and thresholds applying for 2022/23 were confirmed. Personal allowance As previously announced, the...
NIC relief for employers of armed forces veterans

NIC relief for employers of armed forces veterans

by VelocityAS | Jul 2, 2021 | Employment, National Insurance, Tax, Tax Relief

A new relief has been introduced for employers of armed forces veterans which allows them to benefit from a zero rate of secondary National Insurance contributions on the earnings of the veteran up to a new upper secondary threshold. However, while the relief applies...
Claim tax relief for expenses of working from home

Claim tax relief for expenses of working from home

by VelocityAS | Jun 9, 2021 | COVID-19, HMRC, Tax Relief

If you are an employee and you are, or have been, working from home as a result of the COVID-19 pandemic, you may be able to claim tax relief for the additional household costs that you have incurred as a result. HMRC are now accepting claims for the current (2021/22)...
« Older Entries

Recent Posts

  • Make sure your business is ready for MTD
  • Super deduction, can your business claim?
  • Claiming everything you are entitled to from the taxman?
  • National Insurance contribution levels change in July
  • End of bulk appeals for tax fines in May

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • October 2020
  • September 2020

Categories

  • Accounting
  • AIA
  • Brexit
  • Budget 2021
  • Business
  • capital allowance
  • Charity
  • CJRS
  • Company Car
  • Corporation Tax
  • COVID-19
  • Currency
  • Dividends
  • Employment
  • Finance
  • HMRC
  • IHT
  • income
  • IR35
  • ISA
  • IT
  • MTD
  • National Insurance
  • PAYE
  • Payroll
  • Recovery Loan Scheme
  • SEISS
  • Self Assessment
  • Shares
  • Spring Statement
  • Stamp Duty
  • Statutory Sick Pay
  • Tax
  • Tax Relief
  • Trading
  • Universal Credit
  • VAT
  • Winter Economy Plan
Copyright © 2022 Velocity Accounting Solutions | All Rights Reserved | The Old Dairy, Broadfield Road, Sheffield, S8 0XQ | Terms & Privacy Policy