From 1st July the furlough scheme begins to unwind. Even though an employee must still be paid at least 80% of their wages, the employer can only claim 70% back from the government, reducing to 60% for August and September. The furlough scheme then closes on the 30th September 2021.
Free Accounts advice. Please remember that when you receive your Accounts we always ask you to make an appointment at the office to discuss the Accounts. This is the opportunity to confirm the figures are correct and try to minimise your tax bill. Please don’t forget to use this free service – keep in touch with your Accountant ! That’s how we can help you best !
PMC Partnership are now proud to introduce a special, all inclusive low fee for our retired clients. This total £150 will give you total peace of mind and ensure your tax return is accurately and punctually filed with HMRC. You will be allocated a specific trained member of PMC staff to personally deal with you and all advice is free. All your information can be securely sent to PMC and using our freephone help line will help you enjoy total [...]
From April 2017 the way higher rate tax payers are taxed on their rental properties will change. Instead of receiving tax relief on your mortgage interest at your prevailing tax rate you will now receive a flat 20% credit against your profit. This will lead to an increase in tax for all higher rate BTL owners. It must be noted that Limited Companies owning the BTL properties are not affected, so all new properties should be considered to be [...]