Z2 Group - Accountants and tax specialists in Hertfordshire

Knowledge

Topical articles and guides from Z2 Group

Employment of someone to work in your home

Paying someone to act as your nanny, housekeeper or gardener may result in you being considered an employer…

Are you eligible for local authority grants?

A reminder that business in the hospitality, leisure and accommodation sectors in England may be due support funding from their local authority…

Self-employed tax twisters

We are often asked why a self-employed person is paying so much tax when their drawings from their self-employed business are minimal…

Landlords and tax – the basics

The following definitions set out how property income is calculated and taxed…

Don’t forget to declare COVID-19 grants

HMRC have issued guidance to taxpayers who may have received COVID-19 grants during the 2020-21 tax year…

Will your earnings exceed any of these amounts in 2021-22?

Earnings levels may affect your personal tax allowance, tax rate or child benefit payment payback requirements…

Be prepared for change in 2022

We are all ‘up to here’ in accommodating COVID-19, and depending on our tolerance levels, this is likely to continue into 2022…

Plug-in vehicle grants reduced

From 15 December 2021, the government is reducing the grants made available for certain electric vehicle purchases…

Recent damage to electricity distribution network

Many individuals and businesses will have been affected by the disruption in electricity supplies due to recent storm damage…

Time to pay taxes

January 2022 is a ‘taxing’ month. It is the last month to file a self-assessment tax return (electronically) for 2020-21 and avoid late filing penalties…

Travel between places of work

A reimbursement of expenditure incurred by an employee in travelling between two or more places of work is not “earnings” and therefore not taxable…

Planning for higher corporation tax rates

We are fifteen months away from a radical upward lift in corporation tax (CT) rates…

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