Watson Knipe Blog

We have collated some important key dates for businesses. We hope this helps you with planning for deadlines well in advance.

As an employer, it’s important to keep up to date with changes in employment tax. We offer a payroll service and always ensure that our clients are kept up to date with these changes so they remain compliant and it also helps them with financial planning.

This article gives an update on Making Tax Digital, Corporation Tax Rates and Capital Allowances. There is also an update on The Residential Property Developer Tax which was introduced in April 2022.

We wanted to give you an update on personal tax following the Spring Budget in March 2022. It’s important to be aware of any changes that can impact your tax and to take advantage of any allowances available to you.

In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.

This is a summary of the latest update issued by Zoopla, which we think will be of interest to Landlords and property investors. 

A recent announcement about the support to businesses still available through grants was made. They are encouraging companies to apply for the grant funding available to help them recover post-pandemic.

This week we received the latest Zoopla Rental Market Report for Q4 2021, and so we have summarised some of the key findings which we think will be of interest to landlords and property developers.

In April 2020 change in legislation meant that landlords could no longer deduct mortgage expenses from their rental income. This meant that they had to pay more tax than in previous years.

Hopefully, you will have filed your 2020 to 2021 tax return by the normal deadline of 31 January 2022. If you haven’t, read on as the HMRC has announced that they will waive late filing and late payment penalties for one month.

If you have tenants in your properties that claim Universal Credits, then it is important to know about the change in the payment process which is being proposed. The changes will apply to any new applications for rent arrears payments.

Is 2022 the year you are planning to start your own business? If it is then we want to offer some advice to help you get started smoothly. It’s a very exciting time and if you can get some of the basics right from the start then you can reduce the challenges that may occur further down the line.

It’s important to understand the changes to personal tax and the allowances available to you over the coming year to help with financial planning. We have pulled out some key information that will be useful for you following the changes announced by the Chancellor in the Autumn Budget 2021.

In the Autumn Budget 2021, several changes were announced which would impact on businesses that have employees. We have written this article summarising some of the main changes that you need to be aware of if you are an employer.

This article outlines some changes to corporation tax, capital allowances and the R&D tax relief that may be applicable to your business over the next couple of years.

As we are quickly approaching the end of the year we wanted to remind you all that as well as Christmas you also need to think about your self-assessment tax return submission.

We work with a lot of landlords and property investors in the East Midlands and London, so we keep abreast with how the rental market is performing. Here is a recent update for November 2021 which will be of interest if you have properties that you rent.

This article gives an update following the Autumn Budget 2021 on Making Tax Digital (MTD) that businesses need to be aware of in preparation for 2022. The MTD regime is based on businesses being required to maintain their accounting records in a specified digital format and submit extracts from those records regularly to HMRC.

Rishi Sunak announced the Autumn Budget and Spending Review which covers many different areas from Personal Tax, Employment, Business Tax and Capital Taxes. We have pulled out two key areas that will be of interest to landlords and property investors.

Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech, he set out the plans to “build back better” with ambitions to level up and reduce regional inequality.