Selling items online, are you trading?

Online Selling Business

Lockdown restrictions have forced many businesses to close temporarily meaning many people have been in search of new ways to generate some additional income. Selling goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much needed cash in these difficult times. However, what are the associated tax implications…

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Ho Ho Ho! HMRC Gives the go ahead for tax-free virtual Christmas parties.

Blue and White Baubles hanging from christmas tree

HMRC has given the go-ahead for tax-free virtual Christmas parties. It would appear the taxman isn’t scrooge and is in fact ready to spread some festive cheer! No one would have ever imagined that we’d currently be researching Christmas Party ideas to take online but following the government’s latest announcement it appears to be the…

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A round up of the Spring Budget

Government announces tax and spending plans in Spring Budget

Yesterday, whilst much of the country was busy stockpiling pasta, toilet roll and hand sanitiser, the Chancellor Rishi Sunak delivered his first Budget in the House of Commons under the new parliament. Sunak addressed the coronavirus outbreak in his opening speech and recognised the severe anxiety felt by many businesses about the possible impact of…

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