de Jong and Phillips LLP

Tax

Welcome to the de Jong Phillips blog where we share business advice and tips for running your business

11 articles in Tax
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Tax Planning for the 2019/20 year end

Tax Planning for the 2019/20 year end

Don't miss out by not taking action before the 5th April 2020. The key areas that you should be considering can be broken down into five sections.

17 March 2020
Budget 2020 Highlights

Budget 2020 Highlights

In Rishi Sunak’s budget speech lasting a little over 60 minutes covering topics from Coronavirus to Economic Growth, Public Spending and Taxes and Wages, you may be left wondering what this means for you and your business?

11 March 2020
Payrolling Employee Benefits on Xero

Payrolling Employee Benefits on Xero

Great news! If you are on Xero Payroll you can now offer your employees an additional benefit!

14 February 2020
Can buying an electric car save you tax?

Can buying an electric car save you tax?

As the government has brought in tax incentives to encourage businesses to buy brand new electric cars, this might just be the right time for you to buy your next car through your company.

06 February 2020
Food and Entertaining - What can be claimed?

Food and Entertaining - What can be claimed?

The rules are complex and this is a simplified guide so please get in touch if you are unsure of the tax implications of a particular expense.

13 December 2019
Do you have a second Property? Then you need to know about these changes to Capital Gains Tax

Do you have a second Property? Then you need to know about these changes to Capital Gains Tax

The Autumn Budget 2018 introduced some changes to Capital Gains Tax on property. This blog, based on an article by Rebecca Benneyworth in Taxline Publication, is an important read for anyone who may sell a property that is not their main residence on or after the 6th April 2020.

22 August 2019
How will a no-deal Brexit affect VAT for agencies

How will a no-deal Brexit affect VAT for agencies

With Brexit looming we thought we’d give a quick run-down of a potential no-deal Brexit on VAT for agencies. It’s not the most interesting of subjects so we’ll keep it a quick read and cover only the main points.

19 August 2019
Perks without the Tax Bill: Using PAYE Settlement Agreements for Staff Benefits

Perks without the Tax Bill: Using PAYE Settlement Agreements for Staff Benefits

Once you have taken advantage of the non-cash tax-free benefits you can give to your staff you may be considering rewarding your employees with a few more perks. But what to do about that tax bill it causes them? Here we talk through your options.

13 July 2019
Research & Development Tax Credits: The hidden gem that you may be missing out on!

Research & Development Tax Credits: The hidden gem that you may be missing out on!

If you are undertaking a project, that is bespoke within your industry, there is a chance that you don’t even know that your expenditure may qualify for Corporation Tax relief! Qualifying Research & Development expenditure as defined by HM Revenue & Customs as “Work that qualifies for R&D relief must be part of a specific project to make an advance in science or technology. It can’t be an advance within a social science like economics or a theoretical field like pure math.”

19 April 2019
Chancellor delivers Spring Statement amid 'cloud of uncertainty'

Chancellor delivers Spring Statement amid 'cloud of uncertainty'

The Chancellor's 2019 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed. Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

19 March 2019
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