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Blog

The Accountants for Growth

Tax Treatment of Honorarium Payments

Tax Treatment of Honorarium Payments
Honoraria are one-off payments of an unexpected amount made to volunteers who perfrom a role or service.

Janet & Barry currently receive an untaxed amount of £50.00 per month between them, which is paind into a joint bank account. This amount does not include miscellaneous expenses or statutory disocesan fees, all of which are also paid into the same account.
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New capital gains rules for residential properties

New capital gains rules for residential properties
Whilst COVID-19 is still at the forefront of everybody's minds at present, it is important to note that some recent tax changes have still taken effect from the 2020/21 tax year.

With that said, one of the most important changes to be aware of is in respect to disposals of UK residential property on or after 6 April 2020 by UK-resident taxpayers, specifically that these transactions must be reported to HMRC within 30 days of completion if they generate a tax liability.

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Self-Employed Income Support Scheme - How to tap into this Government support

Self-Employed Income Support Scheme - How to tap into this Government support

In this blog I will be explaining who is entitled to claim under the Self-Employed Income Support Scheme and how to access that support

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Complexities of main residence v second home for higher rate stamp duty

Complexities of main residence v second home for higher rate stamp duty
Imagine a married couple own a house in Birmingham and one in Llandudno. They have nominated the Llandudno property as their principal private residence. They both spend three or four nights in Birmingham during the week as it is close to their respective work.

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Cycle to work scheme

Cycle to work scheme
How can you improve your fitness, help the environment and get a tax break all in one go? By signing up to the Cycle to work scheme which was introduced in 1999.
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