Luke Parker @LukeP_Gilberts
Chartered Accountant and Business Adviser at Gilberts in St Albans gilberts.uk.com St Albans Joined March 2016-
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Changes to student loan rules for England and Wales starting in 2023 will see many paying more than their predecessors, with over half of new student loans are likely to be repaid in full. See more details below. gilberts.uk.com/student-loan-r… #studentloan #studentdebt #studentloandebt
Do you have a get-out-of-jail-free card? Understanding what can be used as a reasonable excuse for tax penalties is always key, however due to Covid-19 HMRC has recently updated its guidance. Make sure you're up to date... #taxpenalty #taxplanning #HMRC gilberts.uk.com/what-is-a-reas…
Keep it in the Family! Having a working family member on the payroll is a simple tax-saving salary strategy that also increases the amount of funds withdrawn from the business. gilberts.uk.com/keeping-it-in-… #taxplanning #taxsavingtips #businesstaxes
SMEs can now take advantage of the government’s new Help to Grow: Digital scheme, offering advice on digital technologies and a discount of up to £5000 on approved software. Are you eligible? gilberts.uk.com/boost-your-bus… #helptogrow #digital #technology #SME
Make sure your will is up to date and your intentions towards potential beneficiaries are clear, especially if the contents could be contested. #estateplanning #IHT #wills tinyurl.com/4326e7jw
CGT reform could include extending the deadline for reporting CGT disposals on residential property and extending the CGT transfer exemption period following a couple’s separation. #OTS #CGT #residentialproperty #divorce tinyurl.com/3fywyvzp
Don’t be taken in by umbrella companies promising lower taxes than others: they could be practicing tax avoidance. #umbrella #off-payrollworking #HMRC #taxavoidance tinyurl.com/48x4bpr4
Landlords of furnished holiday rental properties benefit from certain tax reliefs but make sure you know what can be claimed. #holidaylet #furnishedholidaylet #CGT relief tinyurl.com/sv3k3juw
The government is after those who have misused CJRS or other Covid-19 support payments. You can voluntarily pay back any payments that are no longer needed. #HMRCtaskforce #CJRS tinyurl.com/yacakdjy
A new survey has found that over 60% of 2021 retirees are at risk of running out of money during retirement. #retirement #pension #SPA #StandardLifeUK #Classof2021 #Covid19 #ONS tinyurl.com/3kn3wj2m
If your circumstances have changed in the last year, take advantage of opportunities to reduce your tax bill for 2021/22. Check your eligibility and plan now to benefit for the whole tax year. #childbenefit #marriageallowance #workingfromhome tinyurl.com/n5jhu2xb
Thousands of people may be missing out on tax-free childcare, with more claiming during the pandemic than before. #childcare #taxfree tinyurl.com/zmbjzsw
tinyurl.com/r6mud8x6 - The increased rate of corporation tax from 2023 may make self-employment more attractive for many business owners. Incorporation will certainly become less viable in many situations... #corporationtax #CPI #business #consumerspending
As making tax digital rolls out, the frequency of tax payments for SMEs is likely to change, with a consultation running until the end of July. #taxpayments #SMEs #MTD gilberts.uk.com/site/blog/insi…
The government is tackling a reform of business rates, closing a holiday lets loophole and calling for evidence prior to a report in the autumn. #businessrates #holidaylets #reform tinyurl.com/98marjkk
The long-expected changes to off payroll rules and responsibilities for determining the status of workers comes into effect from April. See the link below for more detail: tinyurl.com/58hfwkxs #off-payroll #employmentstatus #statusdetermination #SDS
Budget changes to business tax allowances bring short-term relief as corporation tax rate hike looms. The link below looks at the upcoming tax changes in a little more detail. tinyurl.com/mdbx79fs #business #companies #corporationtax #superdeduction
Make sure you have registered for the new VAT deferral payment scheme by tomorrow to obtain the full benefit of 11 instalments!! #vat #vatdeferral #business
A range of job and business support schemes were extended in the spring Budget. Click the link for a brief summary of the support available. tinyurl.com/c4mmh3uc #Furlough #CJRS #SEISS
Quite surprising the impact that stealth taxes can have over time (see article below). The various freezes announced by the chancellor will start to bite as inflation continues... #income #tax #corporationtax #taxfreeze #inflation
Quite surprising the impact that stealth taxes can have over time (see article below). The various freezes announced by the chancellor will start to bite as inflation continues... #income #tax #corporationtax #taxfreeze #inflation
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