Elsa Jones Blog

• Can you claim the Employment Allowance for 2021/22?

  The Employment Allowance is a National Insurance allowance that enables eligible employers to reduce their employers’ (secondary) Class 1 National Insurance…
• Take advantage of the enhanced carry back of losses

  Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various…
• Personal and Family Companies – Optimal Salary for 2021/22

  A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract…
• Further grants for the self-employed

  The Self-Employment Income Support Scheme (SEISS) has provided grant support for self-employed individuals whose business have been adversely affected by the…
• Super-deduction for capital expenditure

  To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. As an alternative…
• The Most Dangerous Accounting Mistakes For Your Small Business

  Starting your own business is an amazing thing to do but it’s also notoriously risky. There’s a lot to think about…
• Claim expenses for additional costs of working from home

  As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last…
• Budget Briefing March 2021

  This blog looks at some of the key changes in the recent Budget which may affect you and your business. Let…
• Business interruption insurance – Are pay-outs taxable?

  Business interruption insurance provides cover for losses as a result of events that close or severely disrupt the business. Policies may…
• National Living Wage and National Minimum Wage changes from April 2021

  The National Living Wage and the National Minimum Wage increases, the age threshold for the National Living Wage is reduced.
• BREXIT: VAT’s it all about?

  It’s been over a month since the EU-UK trade deal changes came into effect and the Brexit transition period came to…
• Electric cars from April 2021

  For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. While this will no longer be…